Thu, Feb 09 2012
Construction progress of Dunav Most II at Bulgarian side of the river
Photo: Nadezdha Chipeva
The contract is worth 50 million euro, but only five million have been appropriated to date.
Bulgaria and Romania plan to ask the European Commission to extend the deadline for the utilisation EU funds for the construction of the second bridge over the Danube between the two countries.
Bulgaria will remain mostly sunny but cold on February 2 2010.
Construction of the second bridge linking Bulgaria and Romania over the Danube river is delayed by at least seven months, while construction cost has risen by as much as 30 per cent.
Road infrastructure prevented the new ferry line from opening, mayor says
About 60 million euro will be invested directly in the regional economy of Vidin region in northwestern Bulgaria during that Danube Bridge 2 is being built to link the town to Calafat in Romania, weekly Stroitelstvo Gradut reproted. The direct investments will come as building materials, fuels, equipment, machinery, manpower and their kit. The bridge itself and the adjoining its infrastructure, including works on the Romanian side, is 274 million euro, of which 226 million are on the Bulgarian side.
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.
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