Sat, Nov 21 2009

The 4.27 million leva reconstructions aim to reduce traffic accidents and improve access to Pernik's distant boroughs
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.
Three days before the December 11 and 12 Brussels summit at which the European Union hammered out a new deal on a package of measures to fight global warming, the Ecodesign Regulatory Committee announced its endorsement of a European Commission decision to phase out traditional light bulbs by 2012. The decision is part of the 20 per cent energy consumption-cut target that the EU has set itself for 2020. But before it becomes effective, the phase-out has to be approved by the European Parliament.
Usually, it is people with low incomes who suffer from inadequately heated homes. But often, so-called energy poverty occurs because of inferior housing quality. In Bulgaria this means poor insulation and draft-proofing as well as substandard heating equipment. The seventh national energy efficiency conference, hosted by the state Energy Efficiency Agency in Sofia on October 30, corroborated all these perceptions.
Businesses in South Eastern Europe should be more strongly engaged in trans-national development projects, Regional Co-operation Council (RCC) secretary-general Hido Biscevic said at a meeting in Istanbul on October 30 2008.
A fortnight after construction began on Bulgaria's second nuclear power plant at Belene, the Government is launching another large-scale initiative. In a surprise motion on September 19, it registered Bulgarian Energy Holding (BEH). The suddenness of the move sparked media speculation that this was a deliberate move to conceal unregulated sales between
By the end of 2008 contracts for 200 million euro will have been concluded under the European Union (EU) operational programme Regional Development, Deputy Minister of Regional Development and Public Works Iskra Mihailova said during a meeting in Rousse on September 4. After concluding the contracts, Bulgaria would fulfil its financial engagements for the second year of EU membership within this
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?