Sat, Nov 21 2009

The strategic plan envisages the conservation of the nature "for decades ahead", and it was formulated by a municipal team headed by professor Ivan Nikiforov, backed by Prime Minister Sergei Stanishev.
A project on the books since 1937 is finally set to be given one final push. Officials say that Varna's new 'impending' court house will finally be built after four false starts.
The retail chain has inked a deal with Varna Towers mall to host one of the first Mercator outlets in Bulgaria
Wanting guarantees for their jobs, sales clerks demanded immediate action from the mall's management to tackle the decreased customer flow. Mall of Varna suspected foul play by shops' owners who were trying to amend their rental contracts and pay lower rents.
Scottish property group Miller Developments is the new owner of Mall Varna, foreign media reported on November 16 2006. The deal was sealed for 120 million euro, and according to the Sunday Herald, this is the group's biggest property transaction in continental Europe. Keith Miller, chief executive of the Miller Group has been quoted as saying that with this acquisition, Bulgaria becomes one of the eight countries in which the company is operating outside the UK.
Strong public opposition to price hikes prompted Prime Minister Boiko Borissov to axe the Finance Ministry proposal to increase the excise duty on spirits, but MPs have put it back on the agenda.
Bulgaria’s Cabinet seeks to reverse recent changes in the telecommunications sector
Kremikovtzi’s prospects for a recovery plan appear increasingly distant
Bulgarians are getting the hang of debit and credit cards, MasterCard says
The two telecoms, both set up to challenge former fixed-line state monopoly BTC, will merge operations and expect to report 20 million euro in revenue and a gross profit of five million euro in 2010.
I don't see why management are to blame for this. The stores made agreements for their leaseholds. if they can't pay then it's not their fault, not management.
A more plausible explanation for the situation is that the stores due to the current economic situation can no longer support the relentless expansion driven by mindless consumerism that had been going on for the past few years, and many of them face going out of business.
Serves them right if you ask me. The cultureless American-style consumerism malls like "Mall Varna" propagate is one aspect Bulgaria can do without.
Building a nice mall with plenty of shops is only the start of the process - it is the ongoing management, marketing and entertainment elements that are the key to long term customer and public interest. Landlords here also quickly forget that tenant shops are their clients and should be treated fairly and with respect for their problems. Landlords/Investors need to pay more attention to the standard and style of management they appoint.
Macy's are in the Varna Mall? Wow.