Fri, Feb 10 2012
The facility has been rented out by pharmaceutical retail company Higia EAD. Construction has started in February 2009 and is expected to end by the end of the year.
The vast logistical facility, complete with an administrative centre, freight procession, a bank and office spaces will be in operation by the end of the year.
Four million euro logistical, administrative and storage centre on the Sofia - Varna motorway near Sevlievo is nearly complete
After being put on hold in September 2008, the refurbishment of numerous Bulgarian roads is set to start up again.
The banking sector's inadequate financial policies are responsible for the abysmal state of Bulgaria's construction sector, the Chamber of Bulgarian Constructors claim.
New business centre on Tsarigradsko Chaussee begins trading. The 10-storey building is packed with shops and offices.
New terminal, augmented infrastructure, new electric and lighting system and new water supply and disposal network for the Plovdiv Airport – the total cost has soared by 15 million leva since December 15 2008.
The conflagration takes four hours to reduce the hotel to embers. Given the scale of the disaster, it is a miracle that no one is even slightly injured. Survivors claim it was caused by a short circuit, others believe it was done for the insurance.
A modern condominium equipped with a private beach, spa, bar and an outdoor swimming pool will be built on the north tip of the Zlatni Pyasutsi (Golden Sands) resort in Varna.
Hundreds of millions of leva are the estimated losses incurred by the municipality due to alleged unscrupulous business deals perpetrated by Sofiiski Imoti.
Rollplast will expand its capacity five fold and increase production three fold, employing more than 700 people. It also aims to expand in Romania, Serbia and Macedonia.
Developer GTC wants Galeria Rousse to become the largest shopping mall in the town on the Danube River
Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.
Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.
Nearly all banks are ready to finance between 80 per cent and 90 per cent of the price of a home, provided it is a good building in a large city, Bulgarian daily says.
Property prices in Bulgaria were five to 10 per cent lower in 2011 than in 2010, while initial estimates for this year are that they will remain largely unchanged, with transactions remaining at ‘crisis levels’.
Bulgaria’s capital city Sofia ranks 17th, report says, quoting Global Property Guide.