Sat, Nov 21 2009

Government plan to give money to municipalities leads to war of words and wrangling among beneficiaries.
Apart from banning all construction within 100 metres of the sea, the new proposals envision that all beaches, small and large, must be under municipal control.
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.
Black Sea town of Primorsko will have a new summer theatre as part of a wider overhaul.
Hundreds of millions of euro to be spent by scheduled completion date of two-phase project in 2010
After being put on hold in September 2008, the refurbishment of numerous Bulgarian roads is set to start up again.
Erecting signs against political opponents has become the latest political fashion
Sofia prosecutors filed the bill of indictment against Vesselin Georgiev, the former head of the National Road Infrastructure Fund (NRIF), on January 15 2009, almost a year he was accused of in corruption in an investigation by Bulgarian-language weekly Kapital. In January 2008, the weekly reported that Georgiev was involved in a serious conflict of interest. His younger brother, Emil Georgiev, and the company he ran, Binder, had been assigned work worth 120 million leva of EU funds by the NRIF. Furthermore, Vesselin Georgiev himself was a former director at Binder.
The Black Sea town of Pomorie has approved a proposal for the construction of a spacious and modern marina, with a capacity of over 600 yachts and small passenger ships.
Over the course of a year, from one of the leaders in Europe in new construction, Bulgaria became one of the countries currently quagmired at the bottom of the table and was now amongst the three worst hit countries, along with Romania and Slovenia.
The park is posed to act as an economic stimulant in the region, creating a modern infrastructural base for companies. It is set for completion by Q3 of 2010.
Both retailers target at least 50 outlets in Bulgaria by the end of 2010.
When will Bulgaria’s real estate and construction sector recover?