Investors To Develop Northern Part Of Bulgarias Capital City 11/03/2008
Big infrastructure projects, including a new underground railway line, are to turn Sofia’s northern part into an attractive area for business and living. Large parks, sports and entertainment, residential developments, as well as production and logistic facilities would be constructed in the region in the next seven or eight years, Pari daily reported. “Investors are already realising the potential of the northern quarter and starting to buy land there,” Pari said. Sofia chief architect Petar Dikov said that unlike the southern part of the city, which was seeing rapid development, the northern regions needed “a long-term investment.” Investors could expect revenue in at least six years, he said. The new underground line, which will connect the northern residential... more

Bulgarias Capital Offers Better Investment Prospects Than Seaside 12/03/2008
Sofia could offer much more opportunities for investing in property than the seaside according to an expert. Those hoping to generate money from investing in Bulgaria should ignore the coast as it was less lucrative, and focus on Bulgaria's capital, Simon Tweddle, chief analyst at Property Secrets said, as quoted by propertyshowrooms.com. Seaside resorts depended on seasonal factors including tourist visits and the weather, Tweddle said. Many coastal regions had an excess of property currently available on the market. ''If you invest in the city you've got more than two million people who can potentially rent your property from you", Tweddle said. Bulgaria is attractive to business investors largely due to its stable political, economic and social climate. It has... more

Trakiya Concession Under Question 28/03/2008
The concession contract with the Bulgarian-Portuguese consortium for the completion of Trakiya Highway will be breached if the concessionaire fails to procure the financing necessary for the project by May 18, regional minister Assen Gagaouzov told Pari daily. If the Portuguese contactor does not meet the deadline set by the Government, Gagaouzov will ask the Cabinet for additional funds from the state budget, the minister said. However, if the Cabinet decides to grant financing to the consortium, the decision would need Parliament approval as well, he added. The  Government was considering to borrow 148 million euro from a private bank, according to Gagaouzov. Experts reckon that such a loan was not a lucrative alternative, because interest rates were now considerably higher than... more