Sat, Nov 21 2009
The construction boom Sofia experienced recently is beginning to calm down and property investors are turning their interest to other Bulgarian cities.
Evidence could be seen in the projects for the construction of the first malls in Varna, Plovdiv and Bourgas, Capital weekly reported.
The interest in logistics and storage areas was also increasing, the report said. In the near future investors were also expected to show interest in office property.
Investment activity in various regions was going to gain definition once companies settled there and started implementing their projects, Capital said.
In the coming two years most bigger cities were going to benefit from major investment in the property sector, real estate agents said. Administrative buildings and the setting up of industrial areas were going to feature among these projects.
Foreign investors found it easier to invest initially in the capital of a country, the report said. Investment in other countries became possible once the companies got acquainted with the local market conditions, the report said.
The European Commission is taking Bulgaria to court for delays in providing Sofia with adequate waste disposal facilities.
James Warlick is the spouse of Mary Warlick, director of the office of Russian affairs at the US state department, who has been nominated to serve as ambassador to Serbia
Bulgaria’s Health Ministry announced on November 20 2009 that the flu epidemic declared two weeks earlier is at an end as rates of infection decline. The announcement coincides with reports of two deaths from A (H1N1) flu in Bulgaria.
Acting on allegations by Democrats for a Strong Bulgaria leader Ivan Kostov, prosecutors and Government officials are to probe deals by which Movement for Rights and Freedoms leader Ahmed Dogan acquired various properties.
Prosecutors allege that a deal agreed by the former defence minister caused losses of 12.9 million leva.