Sun, Nov 08 2009
Construction works on Lyulin Highway could be fast-tracked, so that it is concluded by the end of next year, regional development minister Assen Gagaouzov was quoted as saying by Sega daily on March 21.
The Government will do its best to speed up construction works and launch the infrastructural development by mid-2009, Gagaouzov said at a meeting with representatives of businesses from the Pernik area.
The 19km-long Lyulin Highway, estimated to cost 148 million euro, will link the capital with the future Strouma Highway, which will run from Pernik to Kulata check-point at the Bulgarian-Greek border, minister Gagaouzov said.
A considerable amount of resources would be allocated to Pernik region this year, he added. At least 23 million leva have been earmarked for Pernik municipality under the Regional Development programme, the minister noted.
Office rent transactions peaked at 65 000 sq m between July and September 2008, but collapsed to 10 700 sq m in Q3 2009, Forton manager Sergei Koinov said.
Most potential buyers are now opting to buy a luxury flat in the range of 120 000 to 150 000 euro or a single family home for about 500 000 euro.
About 30 000 to 35 000 people employed in the construction sector were facing redundancies in 2010, Bulgaria's Regional Development Minister Rossen Plevneliev said on October 26.
Average market prices of housing in Bulgaria dropped five per cent in July-September, measured quarter-on-quarter, the National Statistical Institute said on October 23 2009.
The European Investment Bank (EIB) has released a 43.5 million euro loan to Sofia Municipality, for infrastructure projects worth 88.1 million euro in total