Wed, Feb 08 2012
Photo: Anelia Nikolova
The loan will go towards construction of the Luda Yana dam in Panagyurishte, the dams in Neikovtsi (Tryavna) and Plovdivtsi (Madan) and the Studena dam.
Rashkov was allegedly involved in allocating financial resources designated for the construction of public works and infrastructure to some of his satellite firms.
Bulgaria’s first drug baron, Dimitar ‘The Eyes’ Zhelyazkov, tours the country’s prison system
Eight newly-created circuits, covering anywhere from one to nine days, advise tourists as to the must-visit wineries and cultural sites around the country. Wine tourism is still a new concept in Bulgaria, and its potential is huge, French wine specialists say
Pomoriisko Lake, near the town of Pomorie on the Black Sea coast, will be the location of an environmental festival organised by Green Balkans, a federation of environmental non-governmental organisations, on August 22 to 23 2008. A photography conference and a photo-safari for taking pictures of rare bird species will be among the free amusements around the lake, along with bird watching,
Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.
Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.
Nearly all banks are ready to finance between 80 per cent and 90 per cent of the price of a home, provided it is a good building in a large city, Bulgarian daily says.
Property prices in Bulgaria were five to 10 per cent lower in 2011 than in 2010, while initial estimates for this year are that they will remain largely unchanged, with transactions remaining at ‘crisis levels’.
Bulgaria’s capital city Sofia ranks 17th, report says, quoting Global Property Guide.