Fri, Feb 10 2012

BRITISH MILLIONAIRE BUYS VILLAGE IN BULGARIA

Thu, Jun 08 2006 09:03 CET

768 Views

British millionaire Scott Alexander bought a village in the Bulgarian seaside which he plans to re-name after himself.

The rather 'extravagant' purchase cost Alexander three million pounds, The Independent reported. Alexander said that the 1 000 people living in the village were 'quite excited' despite the change in the name as they were 'keen on business and responsive to change'.

After the purchase Alexander plans to turn the village into a coastal resort especially for British tourists. He described the deal as 'a sound investment', taking into consideration the expected boom in real estate prices once Bulgaria joins the EU.

The resort project includes the construction of new apartments, a casino and a lifestyle centre. The rest of the land will be re-sold to other British investors.

Alexander was recently proclaimed Britain's vainest man. He has a 10 000 pound portrait of himself painted on one of the walls of his mansion. Alexander spent 55 000 pound on a new teeth set. Additional expenses include 15 000 pounds a month for clothes, 2 000 pounds for botox injections and 100 000 pounds for growth hormone a year.

  • Print
  • Send via email
  • Translate to
  • Share:

To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

More in this category

European Commission meets target for recruiting Bulgarians, Romanians

‘I am delighted we managed to identify and attract some of the brightest and best people from Bulgaria and Romania to come and work at the European Commission,’ EC Vice-President Maroš Šefčovič said.

Cold spell should ease its grip on Europe next week, World Meteorological Organisation says

The current ‘negative Arctic Oscillation’ – a weather phenomenon which leads to cold conditions in Europe and relatively warmer conditions in the Arctic – should shift into a more neutral pattern within the next two to three weeks.

Cold snap hits Europe; thaw a threat

The extreme cold has been blamed for almost 400 deaths across Europe. In Ukraine, where temperatures have fallen below minus 30 degrees Celsius, the cold is blamed for at least 122 deaths. Many of the victims were homeless.

Bulgaria among EU’s lowest government debt-to-GDP ratios – Eurostat

At the end of Q3 2011, the highest government debt to GDP ratio was in Greece, at 159.1 per cent.

Bulgaria calls for rapid adoption of UN Security Council resolution on Syria

Foreign Minister Nikolai Mladenov says that Bulgaria supports the draft Security Council resolution presented by Morocco because it outlines a peaceful transition process that is the only way to stop the killings of civilians in Syria.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.