Fri, Feb 10 2012
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
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.