Increase In Newly Built Property Supply In Bulgarias Capital 12/03/2008
An increase in the supply of newly built property in Sofia was to be expected  in the beginning of 2007, according to real estate agents. Nearly 24 000 construction permits were issued only for the first nine months of 2005, National Statistical Institute data showed. The number exceeded more than two times the constructions begun in 2004, Darik Radio said. More than 35 000 new apartments would be offered for sale by the end of 2007, Dark said. Part of them would be sold even as projects and re-sold later at higher prices. Rise in the prices of newly built property was hardly probable until the end of 2006. If the demand to supply ratio remained unchanged, prices could rise by five to 10 per cent in the first three months of next year. The profit of construction companies... more

Illegal Constructions In Bulgarias Pamporovo Resort 14/03/2008
Two constructions and a facility of hotels in Pamporovo were set up without the needed construction permit, an inspection of the regional directorate for construction control shows. A team inspected all construction sites in the resort, as well as in other populated areas in the Smolyan region, mediapool.bg reported. Inspection results showed that two constructions and another facility were set up without permits. According to the directorate the illegal constructions would be taken down. Some of the violations registered were the lack of proper planning, architectural mistakes and missing documentation, mediapool.bg reported. The regional prosecution in Smolyan ordered inspection of all new property and construction projects in the region. Such inspection occurred in June,... more

Denmark Calls For More Active Business With Bulgaria 30/04/2008
Especially for the needs of Danish tourists, which have increased with 65%, the sea capital of Bulgaria Varna received a Danish council. Round 60, 000 people have spend their vacation on Bulgarian Black sea coast last year, and during the upcoming season their amount is expected to reach 100, 000 people, the Danish ambassador claims. Danish diplomats have expressed their desire to stimulate the trade and business between Denmark and Bulgaria. The relations between both countries were in deadlock to 1990, but now significant increasing in the Danish interest towards Bulgaria is observed. One of the proves of the interest towards our country is the fact there are more and more Danish, willing to buy real estate in Bulgaria and the Danish banks give them credits to do it. This fact is... more