Sat, Jul 04 2009
Truststroy Investment, a company owned by two lawyers based in Bulgaria's Targovishte, will turn the first sod of Targovishte's second commercial complex, investor.bg reported on November 8. The three-floor luxury building would adjoin the CBA supermarket and the Mebel Stil Chamber.
The building would be ready before the end of next year and would spread on 1900 sq m. Shops would occupy the first two floors and the luxurious offices the third floor. The last floor was to house a panoramic bar.
Truststroy Investment had assigned the development work to local entrepreneur Decho Diakov.
The mall would provide jobs for at least 30 people and the shops would be sold rather than rented out.
The Alexander Stamboliyski boulevard, where the mall would be located, was slated to become Targovishte's trade zone. The construction of an auto salon was slated to begin within days, whereas German retailer Kaufland was slated to start building its new supermarket early next year.
Mobile operator Cosmote Romania agreed the acquisition of smaller local rival Zapp Mobile for 207 million euro on June 30, after months of negotiations.
The intergovernmental agreement for the Nabucco natural gas pipeline will be signed in Ankara on July 13, it emerged on July 3.
Bulgaria has low taxes, low labour costs and a lot of wind – a good combination for any company seeking to develop wind parks.
On June 5 2009, US ambassador Nancy McEldowney launched the first US-Bulgarian partnership dedicated to Information Technology and Innovation.
Bulgarian car parts manufacturers have been affected by the recession, but are optimistic about their future.