Mon, May 21 2012
A slew of tourism resort proprietors renewed calls on developers to refrain from hyper-construction and from going beyond prescribed development deadlines.
The call comes days after the construction season ending May 1 2008 began and as construction schedules both on the southern and northern coastlines rack up busy construction agendas.
Elena Ivanova, head of the Union of Slunchev Bryag Proprietors, voiced local owners' concern over plans to erect 23 new hotels. The same concern has been echoed by owners to the south and north of this location.
Owners in the village of Tsarevo, for example, are among the ones on the highest alert. The resort will as of next year have Del Croco, a luxurious crocodile-shaped villa community built by Austria's Immoeast, Spain's Buena Vista and local Vida Tour Invest. The 90 million euro project alone will add 900 apartment units. The flats have already been sold out to Russian and UK citizens.
In addition, the village will witness the construction of a 16.7-hectare complex in what will be a nine million euro investment.
The villages of Kamenar, Medovo and Alexandrovo, all near Pomorie on the southern coastline, will become the construction site for a number of rural tourism facilities.
The municipality of Pomorie itself plans to add a brand new attraction - a facility of the submarine shelf type to use up a 3km coastline. The Pomorie municipality has plans to build the project with the help of an external investor. The project will be carried out in four stages.
Calls are no less valid for the northern coastline. National Real Estate Agency data says that construction output this season should exceed last year's by 10 to 15 per cent.
Varna municipality alone has issued more than 200 construction permits but only 10 are areas in resorts.
Municipalities, however, insist that construction permits are mostly issued for non-resort sites and that measures are taken to avert a hyper-construction scenario.
Byala municipality, for example, has attuned to owners' calls by raising the fee for construction permits' issue to five leva a sq m, as did the penalties for construction violations.
Both authorities agree, however, that closed multi-purpose complexes are the fad of the season.
The bulk of the northern-coastline projects will be carried out off Byala, Riviera and Kabakum. Kabakum will be hosting a closed-type complex with a total of 200 apartment units in what will be one of the 10 projects to be deployed in the territory of northern coastal resorts.
The municipality of Byala will become the site for the largest project to be deployed on 200 000 sq m in the Kara Dere site.
The construction agenda is busy despite calls from tour operators for a tourist outflow stemming from hyper-construction. The trend has been most noticeable among families from the UK and Germany. Their complaints mainly refer to the plethora of concrete and streets full of pavilions and noise, clients of Thomas Cook tour operators were reported by Dnevnik business daily as saying. In addition, new hotels have eaten up all greenery in the area.
As earlier reported, Thomas Cook will cease to bring UK tourists to the northern coastline as of next summer season. It also predicted that the under-capacity trend to have plagued hotels as of recently would be sustained next year round. Apart from the above problems, clients complained about the poor quality of service compared to resorts in neighbouring countries and the fact that foreign tourists no longer consider Bulgaria as an "exotic" destination and, therefore, one worth visiting.
Construction output increased by 6.3 per cent in January compared to December 2007 but it it is down 5.8 per cent on January 2007.
The option to postpone the due date was contingent on securing 55 million euro for immediate repayment of the amounts loaned by Belgium's Dexia and Japanese bank Mizuho.
The Eurostat data agency said that unemployment reached 10.9 per cent in March, up from 10.8 per cent in February. The March figure translates to 17.4 million people unemployed in the euro zone.
Citing three separate sources familiar with the deal, Capital Daily reports that the creditors found offers submitted by three bidders unsatisfactory.
Eurobank EFG is left with a 30 per cent stake in the merged entity but has said it will exercise its put option on the remaining holding.
The narrow focus of many euro zone countries on fiscal austerity is deepening the jobs crisis and could even lead to another recession in Europe, said the Director of the ILO Institute for International Labour Studies and lead author of the report, Raymond Torres.

Kamelia Lozanova has been appointed the executive director of the Employment Agency, a position she has held ad interim since September 2011, following the resignation of her predecessor Rossitsa Stelianova. Prior to that, Lozanova was the agency's deputy executive director in charge of international projects and European programmes. She has been with the agency for more than 20 years. Lozanova has a degree in Slavonic philology from the St Kliment Ohridski University of Sofia.

Gloria Dimitrova has been appointed executive director and member of the managing board at Uniqa Life Insurance Bulgaria. Dimitrova began her career in 1998 at the insurance supervision directorate, but moved to the private sector and worked for professional services and insurance brokerage firm Marsh&McLennan and US insurer AIG, both in Bulgaria and the Middle East. She joined Uniqa as regional director for Sofia in 2010. Dimitrova has a degree in economics from the University for National and World Economy in Sofia and a master's degree in insurance from the Business Academy in Svishtov.

Yassen Lyubenov is the new head of marketing at Bulgarian beer brewer Kamenitza. Lyubenov has 12 years of experience in marketing in the fast-moving consumer goods sector and has started his career as assistant brand manager at Kraft Foods Bulgaria. He later became brand manager at Wrigley Bulgaria, with responsibilities for Bulgaria and Macedonia. Prior to joining Kamenitza, he was senior marketing manager at Wrigley Russia, where he was in charge of brand expansion into Ukraine, Belarus, Central Asia and the Caucasus. Lyubenov has a bachelor's degree in international business administration from the University of Lincoln, UK.

Bedros Kalfayan, general manager of skin care and cosmetics company Beiersdorf Bulgaria, will oversee the parent's company units in Romania and Moldova starting April 1. Following company restructuring, Beiersdorf's subsidiaries in the three countries were merged and are now one unit, part of Beiersdorf Central and Eastern Europe. Kalfayan joined Beiersdorf in 2007 as sales manager and was promoted to general manager in 2008. Prior to that, he worked for Axxon Bulgaria, Ferrero and Rubella. Kalfayan has a master's degree in industrial management from the Technical University in Sofia.

Sasha Bezuhanova has been appointed Hewlett-Packard public sector director for emerging markets, where she will oversee HP public sector activities in 63 countries, including Bulgaria. Bezuhanova will also be in charge of HP's relations with the European Union. Bezuhanova has been HP's public sector director for Central and Eastern Europe since 2008; before that she was general manager of HP Bulgaria since 1998. Bezuhanova has a master's degree in electronics from the Technical University in Sofia and has completed a managment programme at INSEAD.