Sat, Nov 07 2009

Bulgaria's tourist sector proved surprisingly resilient last year with rising profits and a surge in building, particularly on the Black Sea
During the May-June period, holiday packages and one-night stays at hotels in Black Sea resorts could cost up to 20 per cent less.
Hotel owners face grim choice: keep current prices and face bankruptcy or cut them and still face bankruptcy
The conflagration takes four hours to reduce the hotel to embers. Given the scale of the disaster, it is a miracle that no one is even slightly injured. Survivors claim it was caused by a short circuit, others believe it was done for the insurance.
Office rent transactions peaked at 65 000 sq m between July and September 2008, but collapsed to 10 700 sq m in Q3 2009, Forton manager Sergei Koinov said.
Most potential buyers are now opting to buy a luxury flat in the range of 120 000 to 150 000 euro or a single family home for about 500 000 euro.
About 30 000 to 35 000 people employed in the construction sector were facing redundancies in 2010, Bulgaria's Regional Development Minister Rossen Plevneliev said on October 26.
Average market prices of housing in Bulgaria dropped five per cent in July-September, measured quarter-on-quarter, the National Statistical Institute said on October 23 2009.
The European Investment Bank (EIB) has released a 43.5 million euro loan to Sofia Municipality, for infrastructure projects worth 88.1 million euro in total