Fri, Feb 10 2012
Photovoltaics Tervel 1, a subsidiary of KIOTO – Photovoltaics Austria, will invest 25 million euro in the facilities and auxiliary equipment, which will be built on a 30ha parcel on municipal land.
Construction companies say want to promote new destinations for rural tourism in Bulgaria
Private investors have offered to build two more reactors at Kozloduy nuclear power plant, Economy Minister Petar Dimitrov says.
After being put on hold in September 2008, the refurbishment of numerous Bulgarian roads is set to start up again.
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.
I wonder how much Atanas Yanev made on this, and how many other people have their fingers in this pie.