Sat, Nov 21 2009
Bansko municipality major Alexander Kravarov has ordered a halt to construction in the famous mountain resort.
The ban covers 28 areas, including the hotel and the villa zones, investor.bg reported.
Construction will remain on hold until detailed zoning plans and street regulations for the areas are completed.
While the ban is in effect, no permits for construction or change in the purpose of the agriculture land would be issued, investor.bg said.
Kravarov's order is subject to appeal within 14 days.
Deputy mayor Lazar Zahov said that the ban affected new construction. "We have to be aware where and what can be constructed and it has to be in conformity with the infrastructure in the region," he said, as quoted by Bulgarian news agency BTA.
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?