Sun, Nov 22 2009

LOCATION AND EU ACCESSION TO BOOST BULGARIA'S INDUSTRIAL PROPERTY MARKET

Fri, Mar 02 2007 09:16 CET 404 Views

Investors will be increasingly interested in logistic and industrial property in Bulgaria in 2007 and 2008, real estate agents said.

The country's location and EU accession were among the reasons for the higher investor interest as Western companies will profit from moving production to Eastern Europe, Dnevnik daily said.

Bulgaria' coastal cities of Varna and Bourgas will attract a number of such investors because they are external EU borders.

Currently only 10 plots suitable for logistics and industrial projects were available in Varna, Dnevnik said. The number of such plots in Bourgas was five.

Infrastructure near logistic and industrial lots was among the main price determining factors.

The coastal region had already attracted some major property projects. Moto Pfohe's biggest showroom on the Balkans will be constructed near Varna.

A new business area will also be constructed near Varna, along Hemus highway.

Write comment

Name:Comment:

Generate new code
Send your comment

More in this category

EC suing Bulgaria for Sofia waste disposal failure

The European Commission is taking Bulgaria to court for delays in providing Sofia with adequate waste disposal facilities.

US ambassador-designate Warlick addresses senate confirmation hearing

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 declares flu epidemic at an end

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.

Bulgarian prosecutors to investigate Dogan’s real estate deals

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.

Sofia prosecutors charge Bulgaria’s former defence minister Nikolai Tsonev

Prosecutors allege that a deal agreed by the former defence minister caused losses of 12.9 million leva.

© 2000-2009, 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.