Sat, May 26 2012

BRITISH MILLIONAIRE BUYS VILLAGE IN BULGARIA

Thu, Jun 08 2006 09:03 CET

834 Views

British millionaire Scott Alexander bought a village in the Bulgarian seaside which he plans to re-name after himself.

The rather 'extravagant' purchase cost Alexander three million pounds, The Independent reported. Alexander said that the 1 000 people living in the village were 'quite excited' despite the change in the name as they were 'keen on business and responsive to change'.

After the purchase Alexander plans to turn the village into a coastal resort especially for British tourists. He described the deal as 'a sound investment', taking into consideration the expected boom in real estate prices once Bulgaria joins the EU.

The resort project includes the construction of new apartments, a casino and a lifestyle centre. The rest of the land will be re-sold to other British investors.

Alexander was recently proclaimed Britain's vainest man. He has a 10 000 pound portrait of himself painted on one of the walls of his mansion. Alexander spent 55 000 pound on a new teeth set. Additional expenses include 15 000 pounds a month for clothes, 2 000 pounds for botox injections and 100 000 pounds for growth hormone a year.

  • Print
  • Send via email
  • Translate to
  • Share:

To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

More in this category

Global food prices ease, but stay high, FAO says

The global food import bill in 2012 could decline to $1.24 trillion, down slightly from last year’s record of $1.29 trillion.

Bulgarian Olympic champion sentenced to nine years' jail in Brazil

Boevski has been under arrest in Brazil since October, when he was arrested at Sao Paulo's international airport with nine kg of cocaine in his luggage.

Bulgarian media tinted by owners' other interests – SEEMO report

Whereas foreign media ownership is perceived as advantageous for media outlets and journalists, Bulgarian owners are perceived as investors with short-term vision who strive for immediate profits.

Prevent violent extremism by being better at identifying people at risk of radicalisation – Malmström

Killing spree in Norway in July 2011 and the arrests of individuals in a number of EU member states for the preparation of terrorist attacks, are proof of the continuing need for vigilance, Europol says.

On annual World Book Day, UN emphasises importance of translation

In her message to mark the Day, Bulgaria's Bokova said that books are 'valuable tools' for knowledge-sharing, mutual understanding and openness to others and to the world.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.