Sun, Nov 22 2009
The coastal city of Bourgas will refrain from issuing construction permits until the end of summer season 2007.
Bourgas mayor Yoan Kostadinov already issued an order that will be effective from June 4 to September 10.
The ban will affect the beach area and the central parts of Bourgas, investor.bg reported.
Emergency construction works and underground infrastructure projects will be carried out. Projects that already received construction permit will also be unaffected by the ban.
Municipal administration and police will monitor the manner in which the ban is implemented, Bourgas officials said.
The coastal city of Varna previously announced the introduction of a construction ban that will affect work in the resorts located within the Varna municipality. The ban will be effective starting May 1.
The Black Sea town of Pomorie has approved a proposal for the construction of a spacious and modern marina, with a capacity of over 600 yachts and small passenger ships.
Over the course of a year, from one of the leaders in Europe in new construction, Bulgaria became one of the countries currently quagmired at the bottom of the table and was now amongst the three worst hit countries, along with Romania and Slovenia.
The park is posed to act as an economic stimulant in the region, creating a modern infrastructural base for companies. It is set for completion by Q3 of 2010.
Both retailers target at least 50 outlets in Bulgaria by the end of 2010.
When will Bulgaria’s real estate and construction sector recover?