Sat, Feb 11 2012
BTC signs a lucrative 20-year deal with the European Trade Center for 23 000 sq m of office space, making it the largest such deal on the Bulgarian market to date.
The banking sector's inadequate financial policies are responsible for the abysmal state of Bulgaria's construction sector, the Chamber of Bulgarian Constructors claim.
Airport near Pleven receives new air traffic control tower to replace obsolete infrastructure.
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 European Commission has released 20 million euro for the Haskovo – Komotini gas pipeline. Estimates peg the total cost of the project at 120 million euro.
A new building will house Bourgas municipality equipped with multi-storey car parks and access for the disabled.
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.