Sun, Nov 22 2009
Over-construction of coastal resorts is a fact and represents major setback to the development of Bulgaria's resorts, head of the National Tourism Board Georgi Gergov said.
Foreigners pay 120 euro for a week-long vacation, Gergov said. The sum includes airport ticket, as well.
Only an inexpensive offer can compensate for the over-constructed resorts and the poor conditions there, Gergov said.
The chaotic construction in coastal and mountain resorts should end. Entrepreneurs, as well as the state lose from the lack of construction regulations, he said.
Mistakes made in the past can be corrected in case the proper infrastructure is provided and investors protect green areas in the resorts, Gergov said. Further state control is needed, as well.
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?