Sat, May 26 2012

SUNNY BEACH PROPERTY OWNERS IN BULGARIA DISAPPROVE PRIVATE INFRASTRCTURE

Tue, Feb 21 2006 10:00 CET

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The union of owners in Sunny Beach coastal resort said it would not approve the sale of resort infrastructure to a private owner, Sega newspaper reported.

According to the union, which represents hotel and restaurant owners in the resort, the best option is for the Nessebar municipality to acquire the infrastructure. Such request will be sent to Economy Minister Roumen Ovcharov.

A private owner will lead to problems for future investors. As a result the appeal of Sunny Beach as tourism destination might suffer, a union statement reads.

Sunny Beach holding currently operates the resort's infrastructure. The state has a majority deal in this holding, together with several private owners. The Parliament offered resort infrastructure to the Austrian EVN company, but negotiations failed.

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