Sun, Nov 22 2009

LOGISTICS PARK VARNA GETS BULGARIA'S FIRST CLASS INVESTOR CERTIFICATE

Wed, Apr 25 2007 17:19 CET 186 Views

Logistics Park Varna got a first class investor certificate on April 25.

The centre is being set up in the industrial zone of the coastal city of Varna. Upon completion it will have built up area of over 80 000 sq m. The centre will have storage areas, office space and retail centres meeting international requirements.

FairPlay International and Bulgarian Property Developments feature among the project investors.
 
Construction works started a month ago, mediapool.bg reported. The project will be carried out in three phases.

According to plans, the first phase should end by March 2008.

First class investor certificates guarantee companies state aid for infrastructure developments related to the project.

Write comment

Name:Comment:

Generate new code
Send your comment

More in this category

New modern marina worth 24M leva to be constructed in Pomorie

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.

Construction sector in Europe continues to decline

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.

Bulgarian Property Developments begin construction of 12.6M euro logistics park in Rousse

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.

Discounter chains Penny Market, Plus open stores in Bulgaria

Both retailers target at least 50 outlets in Bulgaria by the end of 2010.

The big question

When will Bulgaria’s real estate and construction sector recover?