Tue, Feb 09 2010

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Eastern Europe's declining competitiveness accounts for a geographic relocation in outsourcing of office space. Nevertheless, Bulgaria is holding its own.
Apart from luxury yachts, guests at the annual HYPO Bulgaria Boat Show in Varna will see helicopters, sports cars, motor bikes, scooters, diving gear and other specialised sports kit
The most drastic decrease is observed in the prices of residential estates along the Bulgarian Black Sea coast. Falls are observed in all market sectors nationwide but Sunny Beach, Sveti Vlas, Varna and Bourgas are experiencing sharpest reductions.
Two large residential areas, a business and office centre and an entertainment centre, equipped with its own park, lake, and a play school close to Varna city centre to be ready by July 2011.
The project will cost 2.3 million leva, with an additional five million leva worth of modern equipment to be installed. Another two million leva is needed to revamp the current equipment in use, all of it by the end of August.
The head of public order, Svetomir Nikolov, has been fired as part of a massive action undertaken to stall illegal construction around the Varna Lake
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