Fri, Feb 10 2012
Several projects are underway in Varna, but funding will again be insufficient to build a new drainage and sewerage network in Galata and Vinitsa.
The budget spending is seven per cent down from 2008, meaning that the city will seek European Union funds for infrastructure projects
Bulgaria remans top of the chart, with 18.8 per cent of all demand, followed by the US, Spain and Germany
The western part of Varna, which has been transformed over the past few years into a modern industrial and business centre, will see the inauguration of yet another large office and retail complex by December 2009.
Two large residential areas, a business and office centre and an entertainment centre, equipped with its own park, lake, and a play school close to Varna city centre to be ready by July 2011.
It is not unlikely that, after spending a day skiing the illegal slopes of Bansko, or taking advantage of the new, illegal cabin lift at Bodrost/Kartala, you enter into the ski lodge and pick up a free copy of Passport Scotch's slick The Environment and read about local personalities and how they love riding a bike. Illegal, understand, because these objects were constructed on law-protected nature reserves, and slick, well, because there's nothing cooler than saving the planet, yo.
On September 17, Bulgaria's Prime Minister Sergei Stanishev will open the repaired section of the road from the southwestern city of Blagoevgrad to the Rila Mountain area of Bodrost. He will also visit the ski resort Bodrost-Kartala that is under construction near where a devastating fire surged in Rila National Park for eight days. The coalition To Sustain the Nature in Bulgaria (SNB) sent a letter to
Environment Minister Djevdet Chakurov has ordered Bourgas Regional Inspectorate on Environment and Waters (RIEW) to file a complaint against the Bourgas regional Prosecutor's Office for construction violations in the protected area of Airodi, the Ministry of Environment and Water Affairs (MOEW) said in a media statement on August 12. RIEW Bourgas will also fine the buildings' owners between 5000 and 20
The illegal villas in the protected nature zone Airodi, near the Black Sea town of Ahtopol and part of Strandja nature park, will finally be destroyed, five years after the decision to demolish the buildings was made. In 2003, the Supreme Administrative Court reached the verdict in favour of demolishing the buildings and by law is now able to make the decision public, private broadcaster bTV reported on August 11
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.