Tue, Feb 09 2010

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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 project, which was approved by Bulgarian and Romania as far back as 2000, has been constantly hampered by complications that delayed its progress. Realistically achievable target for completion, according to the project manager, is June 2011.
Housing prices will rise by at least 10 per cent by the end of 2010, after hitting rock bottom in the first half of the year, an estate agency manager says - a view different to other agencies.
The business centre, poised to absorb about 60 million euro in investment, will be the tallest building in Sofia
The mall's builders have started using a nearby street as a construction site without the proper permit
Banks could be the key factor on Bulgaria’s property market in 2010