Sat, Nov 21 2009

A total of 3897 new flats in 547 new buildings were developed in Q1 of 2009, mostly in the seaside cities of Varna and Bourgas, followed by Plovdiv and Sofia.
Survey says that in 2007, a third of the population of the European Union could not afford unplanned-for spending and seven per cent were in arrears with utility bills – figures that date from before the credit crunch.
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.
A total of 4792 projects have been certified as safe by authorities, amongst them hospitals, power plants, road reconstruction and rehabilitation projects and railway stations.
Of the 10 projects halted by Phare, three have been completed and are currently in operation and the rest are under construction. 15 new projects await tender procedures by the end of April 2009
A hospital, office blocks, infrastructure projects and small production plants are among the buildings sanctioned.
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.