Sun, Nov 22 2009
A construction ban will be imposed in the coastal town of Sozopol and will be valid from May 15 to September 30.
The ban was enforced in connection to summer season 2007 and tourist visits to the coastal area.
Investors have to stop work on all projects in Sozopol and the nearby resorts.
Construction companies also have to clean the sidewalks and the surrounding areas from building materials and renew any green areas that might have been damaged.
Checkpoints will prevent heavy machinery from entering the resorts during the summer season.
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?