Nearly 250 million euro have been invested in the Bulgarian Black Sea resort of Golden Sands in the past six years.

The resort will mark its 50th anniversary with a number of festivals, investor.bg reported.

Money has been invested mainly in hotel construction and the setting up of luxurious vacation complexes in the resort.

The number of hotels there was only eight in 1957. Now their number exceeds 90. Almost 80 per cent of the beds have already been booked.

Nearly 15 million tourists have visited the resort in half a century. More than 500 000 people serviced the tourists in the same period.

The 50th anniversary celebrations will include folklore performance, Latino and rock fiestas.