Sat, Nov 21 2009

4792 construction projects finished in Bulgaria in 2008

Tue, Apr 07 2009 16:28 CET byNick Iliev 1343 Views
4792 construction projects finished in Bulgaria in 2008

Photo: Anelia Nikolova

The total number of construction projects given safety certificates in Bulgaria in 2008 was 4792 and 460 buildings were demolished, weekly Stroitelstvo Gradut reported.  Of those, 3376 permits were issued by local offices of the National Inspection for Building Control, and the rest by the central office.

Of the projects completed last year, several of them were deemed to be of key importance, including two multi purpose hospitals in Plovdiv and Sliven, sections of the Maritsa motorway and the renovation of the Rousse railway station.

Several major Bulgarian towns have underwent gasification projects, others still in operation. Completed gasification has been achieved in Kyustendil, Bourgas, Varna, Lovech, Montana, Rousse, Kameno, Stara Zagora, Bourgas, Samokov, Veliko Turnovo, Plovdiv and several other towns.

Three new waste and water treatment plants commenced work in Madam, Razlog and Zlatograd. Furthermore, a hazardous waste landfill in Maritsa East 2 power plant has been 'neutralised', the report says.

Among the several renewable wind park generators that are currently under construction, one is ready and in exploitation, the wind farm in the village of Baya near Sliven in southeastern Bulgaria.

Retail-wise, among the big chains that have completed outlets and opened for business across the country are Kaufland, Billa, Metro and Technomarket.

The tourist sector has seen the opening of several new hotels, mainly on the Black Sea coast.

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Construction output down in euro area

Compared with March 2008, output in March 2009 dropped by 8.7 per cent in the euro area and by 10.5 per cent in the EU27, European statistical office Eurostat estimates.

Construction output grows thanks to increase in infrastructure demand

Construction output increased by 6.3 per cent in January compared to December 2007 but it it is down 5.8 per cent on January 2007.

Varna passes 2009 budget, looks to EU for infrastructure funding

The budget spending is seven per cent down from 2008, meaning that the city will seek European Union funds for infrastructure projects

Design of administrative centre for the new Bourgas airport is ready

The large administrative centre is part of major construction works surrounding Bourgas airport that will see a new terminal, thorough reconstruction of infrastructure, the demolition of existing buildings and the construction of a new administrative centre.

250M leva investment for infrastructure projects on southern Black Sea coast

Major reconstruction work to begin near southern Black Sea coast as part of plan to improve infrastructure and ease traffic flow

Sofia municipality allocates 22.3 million leva for infrastructure in 2009

Sofia municipality hopes to recoup almost half of the money it plans to spend this year by privatising assets.

Stopped road projects to be re-opened on February 19

After being put on hold in September 2008, the refurbishment of numerous Bulgarian roads is set to start up again.

Investment boost of 35M euro for Bourgas Airport expansion

In 2009, Bourgas Airport will get the benefit of a 35 million euro package for major refurbishment and expansion, it was announced at a news conference at the airport on January 22 2009, Bulgarian-language Stroitelstvo Gradut reported.

Bulgarian red tape and poor infrastructure - massive investment stoppers

Bulgaria is its own worst enemy in many ways. Not least the superfluous, archaic bureaucracy and the decrepit infrastructure which are the main dampeners when it comes to direct foreign investment. Massive projects and foreign capital have decreased significantly in the second half of 2008, and investment in real estate has also slumped in light of the global financial crisis but also because the Bulgarian system is very good at stopping them coming in the first place, according to official data released by the Bulgarian National Bank, BNB, as reported by Stroitelstvo Gradut.

National Road Infrastructure Agency pinpoints critical areas

A list of potentially "critical" sections of the highways around the country has been compiled and released to traffic police. That way snow-clearing equipment can be deployed on time and additional measures installed to "secure the safety and security of citizens", Ivan Atanasov the executive manager of the National Agency for Road Infrastructure, said.

More in this category

New modern marina worth 24M leva to be constructed in Pomorie

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.

Construction sector in Europe continues to decline

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.

Bulgarian Property Developments begin construction of 12.6M euro logistics park in Rousse

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.

Discounter chains Penny Market, Plus open stores in Bulgaria

Both retailers target at least 50 outlets in Bulgaria by the end of 2010.

The big question

When will Bulgaria’s real estate and construction sector recover?

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