Sat, Feb 11 2012
Lidl plans to expand further in northern Bulgaria, with outlets planned in Rousse, Vidin and Veliko Turnovo, as well as a large logistical centre near Sofia.
Major facelift planned for Blagoevgrad's youth centre. The works will be funded entirely by the Government.
Company foresees 1.78 million investment for 2009 in product development and Information Technology and communications improvements as well as future market expansion.
Bulgaria ranked sixth in remittances sent by expatriate workers in 2007, according to World Bank data.
Eight properties put up for auction by the Defence Ministry cause friction with Plovdiv University
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.