Fri, Feb 10 2012
Trakia Motorway has 115km pending construction which need to be completed within three years
Four million euro logistical, administrative and storage centre on the Sofia - Varna motorway near Sevlievo is nearly complete
New logistics centre will create 150 jobs and have an annual processing freight capacity of 200 000 tons.
A new building will house Bourgas municipality equipped with multi-storey car parks and access for the disabled.
Despite the ongoing financial and economic crisis, Ericsson announced the opening of its new logistics centre in Bulgaria on December 3 2008, a company statement said on December 4 2008. Ericsson's Central Order Desk will cover 11 countries from South-Eastern Europe by processing 65 per cent of all orders to the company and coordinating 100 per cent of all complaints.
The construction of a new logistics centre has begun near Slunchevo village, in Aksakovo municipality near Varna, Stroitelstvo Gradut weekly has reported. The facility will be within a strategic proximity to Hemus Highway and Varna airport, and will have both industrial and storage functions, occupying a land plot of 6500 sq m. Investor is Izgrev Ltd, a company specialising in the building of industrial and storage complex,
Industrial Park Sofia East (IPSE) logistics project in Elin Pelin municipality, 25km east of Sofia, would cost 125 million leva if current plans are developed fully, Alexander Gebov, head of Paladin Property Development, the industrial park's project manager, said on March 5. It will spread on 70 ha of land, 96 per cent of which has been already rezoned from agricultural into land for construction development, and will provide space for light manufacturing, logistics and warehousing, benefiting from completely integrated infrastructure.
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.