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News & Press Releases

 
New Lift and Two New Ski Runs in Pamporovo
A new six-seat ski lift and two new ski runs are to be built between Bulgaria’s Pamporovo ski resort and the village of Stoykite. The cutting where the new lift will pass is ready, as it starts from the center of the village and reaches Snezhanka ...

 
Bulgaria’s 2008 Investment Potential
The property market of Bulgaria has achieved an incredible rate of growth over the past few years, bolstered by a fast-growing economy and its admission into the EU in January 2007. Bulgaria’s National Statistic Authority noted that property prices ...

 
Development of Agricultural Land Market in Bulgaria
* Click photo to enlarge Agricultural land has recorded a twofold increase over the last two years, experts say. They divide the evolution of Bulgarian land market over the past 18 years after the fall of the state socialism into ...

 
Bulgaria Leads Property Boom on the Balkans
Twenty years ago few Brits would have been able to find Bulgaria on the map, let alone tell you anything about the country. Today, hundreds of Brits own property there and thousands more visit this Balkan gem every year. Bulgaria has undergone ...

 
Bulgarian housing prices up 22% Jan-Sept 07
Nation-wide housing prices jumped 22% in January-September 2007 to around 1,120 levs, shows data released by Bulgaria's statistical authority on Tuesday. The biggest spike - over 45%, was registered in the city of VIDIN, North-western Bulgaria, ...

 
HOUSING PRICES IN BULGARIA GROW AT A HEAD-SPINNING RATE
New high-jump world champions emerged in Bulgaria - residential property prices. "Bulgaria is now the second in the world in property prices increase," real estate agents report. The leader is Latvia, according to Knight Frank UK survey for the ...

 
New Water Purification Plants along the Black Sea coast
The Minister of Ecology Dzhevdet Chakarov has set an ambitious goal to place water purification plants along the whole Black Sea coast, which will cost about 200 million euro. This was announced yesterday at a seminar of the mayors of the Black Sea ...

 
Bulgaria Expects 5 Bln EUR Direct Foreign Investments for 2008
Bulgaria expects round 4,7 billion EUR direct foreign investments (DFI) for 2008, informed vice Minister and Foreign Minister of Bulgaria Ivailo Kalfin. According to the DFI the Bulgarian side is not co-financing. In addition in the next 7 years ...

 
Holiday Homes Still Fashionable in Bulgaria
Standstill in prices, entrepreneurs not worried. Observations of the holiday homes market in Bulgaria for the first half of 2007 show that in some regions the number of new apartments has increased by 50%. Colliers International say that there were ...

 
The Market Changes Bulgaria’s Map
New settlements may appear, others will vanish due to the demographic collapse. There is reorientation in the demand from low-quality and cheap properties scattered around the countryside to gated communities with gardens and sometimes with private ...

 
BULGARIA ENTERS TOP 10 IN INVESTMENTS
Bulgaria has entered the Top 10 in foreign investments. An EIU report points out that Bulgaria is among the Top 10 countries listed in the chart for implemented new investment projects, funded by foreign capital in 2006. In 2006, the number of ...

 
BULGARIAN-GREEK COMPANY TO BUILD WIND PARK ON DANUBE RIVER
A BulgarianGreek joint venture has announced plans for the construction of a 500MW wind park in Bulgaria's Gulyantsi municipality, on the Danube. The investment project was submitted by the GP Energy company for approval to the local authorities ...

 
PERELIK YEAR-ROUND TOURIST CENTER PROJECT KICKS OFF IN FALL
The construction of Bulgarian sports and tourist centre Perelik will start in the autumn of 2007, the investor, Sports and Tourist Centre Perelik, said on August 28, 2007. Perelik Centre is to be fully completed till year 2012-2014. The Smolyan ...

 
INVESTORS BUILD NEW MEGA RESORT IN BULGARIA'S RODOPI MOUNTAIN
On the Photo: the first truck with the ski equipment for the Stoykite - Snejanka lift is already here. Another 40 trucks are to follow soon. Investors have started the building of a new mega resort on the south slopes of Snejanka Mount in Bulgaria's ...

 
UK LOW-FARE EASYJET STEPS IN BULGARIA, FLIES SOFIA-LONDON
British airline EasyJet announced yesterday it would add seven new routes to its network this autumn, including Bulgaria. EasyJet, which is considered to be the second-biggest low fare airline company after Ryanair, will start regular flights ...

 
STARA ZAGORA MINERAL SPA WILL BECOME A YEAR ROUND RESORT
Stara Zagora Mineral Spa has a good potential for future development as an all-year-round spa resort. It is an attractive tourist destination offering excellent opportunities for relaxation throughout the year. A main reason for this is the modern ...

 
RUSSIANS BUY UP RESORTS IN BULGARIA AND MONTENEGRO
Lately the Russians prefer the Balkans especially Montenegro and Bulgaria, when refers of buying villas or apartments in a resort. Russians' interest in the first six month of 2007 was attracted by destinations like Spain, Turkey, the Czech Republic ...

 
HOLIDAY PROPERTY IN BULGARIA'S VELIKO TURNOVO AMONG THE LEAST EXPENSIVE IN THE WORLD
The Bulgarian town of Veliko Turnovo has been included in a ranking compiled by UK newspaper The Independent of the most favourable holiday property markets. Property near Veliko Turnovo can be bought for 20 000 to 100 000 pounds sterling. Unlike ...

 
CONSTRUCTION OF VARNA-BURGAS MOTORWAY TO START '08
The Bulgarian regional development ministry said it is prepared to start in March 2008 negotiations on the award of a concession contract for the Cherno More motorway which links the Black Sea towns of Varna and Burgas. The route of the motorway ...

 
BULGARIAN CITIES ARE BEST FOR INVESTMENT
Property buyers looking for homes in Bulgaria should consider the country's large cities, advised the experts. Instead of looking to a tourist destination for a retirement home in the sun, investors should concentrate on Sofia or Varna, Les Calvert ...

 
SUPER BOROVETS STARTS IN SEPTEMBER
investor.bg The investment company Equest Investments Balkans Ltd (EIB) announced that it has acquired strategic indirect shares of 33% of Rila Samokov 2004 JSC – the company which will develop the Super Borovets project and possess land plots in ...

 
"BURGAS AND THE SEA" FESTIVAL BEGINS ON 4 AUGUST
The town of Burgas, as known as “the town of festivals”, will be the host of the national festival for pop songs “Burgas and the Sea” from 4 August. Every summer on the stage of the Summer Theatre in the Sea Garden some of the most cherished ...

 
CONSTRUCTION IN BANSKO RESORT FROZEN
Bansko municipality mayor Alexander Kravarov has ordered a halt to construction in the famous mountain resort. The ban covers 28 areas, including the hotel and the villa zones, investor.bg reported. Construction will remain on hold until detailed ...

 
60 MILLION EURO TO BE INVESTED IN GOLF COURSE CONSTRUCTION NEAR BULGARIA'S BANYA
Karlovo municipality and Banya Golf and Spa Resort will discuss the opportunity for developing the town of Banya as a resort. The municipality council and the investor will discuss the possibility for a public-private partnership, Focus news agency ...

 
NEARLY 73 000 TOURISTS VISIT BULGARIA’S VELIKO TURNOVO SINCE BEGINNING OF 2007
Nearly 24 000 Bulgarian and foreign tourists visited the town of Veliko Turnovo during the first three months of 2007. The number of visitors to the nearby village of Arbanasi has also increased in comparison to figures for the previous year. ...

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