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Sat, Feb 11 2012
Golden Sands resort unveils 55 per cent drop in receipts for nine months in 2009
Photo: Assen Tonev
Zlatni Pyassutsi Ltd have unveiled a decline in retail down to 55 per cent, amounting to 12.1 million leva for the period January-September 2009, as opposed to its corresponding figures from 2008, a company press statement has announced, cited by Investor.bg
Sales in the third quarter have decreased by 66 per cent, reaching 5.8 million leva, while the economic decline for the second quarter stood at 35 per cent, the report indicating that July-September, or the height of the season, was particularly affected.
Net profits for the period January-September have undergone a 94 per cent collapse, down to 818 000 leva, as opposed to the net profit generated in 2008 for the identical period which accounted to 13.8 million leva.
The Zlatni Pyassutsi Ltd total capitalisation, which has five other affiliated branches, stands at 112 million leva or 79 per cent of the shares, Investor.bg reports.
On the flip side, another Black Sea resort, Slunchev Den, has declared a profit of 103 000 leva for the period January-September 2009, a substantial improvement from 2008 where for the identical period Slunchev Den reported a 905 000 leva loss.
The report says that in 2009 there was an increase in Romanian and Bulgarian tourists but they were unable to offset the departure of German and Russian tourists. Overall, tourists towards the end of the third quarter revealed a 19 per cent drop from 2008, with Scandinavians leading the way with 44 per cent, followed by Germans, 36 per cent
Sales in the third quarter have decreased by 66 per cent, reaching 5.8 million leva, while the economic decline for the second quarter stood at 35 per cent, the report indicating that July-September, or the height of the season, was particularly affected.
Net profits for the period January-September have undergone a 94 per cent collapse, down to 818 000 leva, as opposed to the net profit generated in 2008 for the identical period which accounted to 13.8 million leva.
The Zlatni Pyassutsi Ltd total capitalisation, which has five other affiliated branches, stands at 112 million leva or 79 per cent of the shares, Investor.bg reports.
On the flip side, another Black Sea resort, Slunchev Den, has declared a profit of 103 000 leva for the period January-September 2009, a substantial improvement from 2008 where for the identical period Slunchev Den reported a 905 000 leva loss.
The report says that in 2009 there was an increase in Romanian and Bulgarian tourists but they were unable to offset the departure of German and Russian tourists. Overall, tourists towards the end of the third quarter revealed a 19 per cent drop from 2008, with Scandinavians leading the way with 44 per cent, followed by Germans, 36 per cent
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'Cosmos" seems to be taking on the role of 'Valeri' (whom I too now ignore...)
This comment has been removed by the moderator because it contained foul, abusive or discriminating language
Valeri is on my ignore list. He post so much weird stuff on the forum that they are not even worth trying to comment on it. Showing no respect for others, and seems to have put in systems to anger as many people as possible with his comment.
Valeri you really are an 'irrogant' (arragont and ignorant)... for the past few months your attitude on these discussion boards regarding news in Bulgaria has continued to decline to a point of general nastiness in your attitude. Whether its about tourism or towards orphaned children in your supposed 'own country'.... As someone who must be educated and enjoy the trappings of consumerism then who are you to keep poking at people who are trying their best to bring economic and social wealth to your own Country???? You seem hell bent on having a 'go'!! Do you honestly believe that the [...]
Read the full comment Orphaned/abandoned children of Bulgaria wanted to be treated as they were before some busy body stepped in...I totally understand that the programmes viewed by many in the UK portrayed Bulgaria badly however the same happened in Romania but there was an ultimate means to an end (sometimes you have to make somethings look really bad for people to sit up and listen)!! The end result is that there has been gradual reform, all children deserve a chance and if that comes by way of charity from richer nations than your own so be it...! And as for the discussion here this morning - do you not think that many of the Bulgarian entrepreneurs who got off the 'Arses' and set up businesses deserve your attitude, what about the cleaners/waiters/builders etc etc who all rely on tourism continuing so that they can put food on the table, or would you rather your own people starve...!! I for one think Bulgaria and the Bulgarian people deserve much much more..
You really need to get a life Valeri, I dont know why you come on these boards and spread your nasty attiutde...
At the end of the day no-one forced BG into the EU it was your own choice!!!! I for one think it is a lovely Country with lovely people..
Excellent!
Tourism is like oil riches - it keeps the population stupid.
Sadly, they will be back when the economic situation at homes improves....
Next year will be worse also the ski resorts.
Shame.