Fri, Feb 10 2012
A total of 4792 projects have been certified as safe by authorities, amongst them hospitals, power plants, road reconstruction and rehabilitation projects and railway stations.
Major reconstruction work to begin near southern Black Sea coast as part of plan to improve infrastructure and ease traffic flow
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 solar panels, costing more than 400 million euro, will be operational by the beginning of 2010, offering an alternative in energy diversification and creating employment in the region of Doupnitsa.
The banking sector's inadequate financial policies are responsible for the abysmal state of Bulgaria's construction sector, the Chamber of Bulgarian Constructors claim.
A new building will house Bourgas municipality equipped with multi-storey car parks and access for the disabled.
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.
The decline of natural gas prices in international markets has contributed to falling values in Bulgaria's domestic market
Hundreds of millions of leva are the estimated losses incurred by the municipality due to alleged unscrupulous business deals perpetrated by Sofiiski Imoti.
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.