Thu, Nov 05 2009

Four million euro logistical, administrative and storage centre on the Sofia - Varna motorway near Sevlievo is nearly complete
New logistics centre will create 150 jobs and have an annual processing freight capacity of 200 000 tons.
A new building will house Bourgas municipality equipped with multi-storey car parks and access for the disabled.
Despite the ongoing financial and economic crisis, Ericsson announced the opening of its new logistics centre in Bulgaria on December 3 2008, a company statement said on December 4 2008. Ericsson's Central Order Desk will cover 11 countries from South-Eastern Europe by processing 65 per cent of all orders to the company and coordinating 100 per cent of all complaints.
The construction of a new logistics centre has begun near Slunchevo village, in Aksakovo municipality near Varna, Stroitelstvo Gradut weekly has reported. The facility will be within a strategic proximity to Hemus Highway and Varna airport, and will have both industrial and storage functions, occupying a land plot of 6500 sq m. Investor is Izgrev Ltd, a company specialising in the building of industrial and storage complex,
Industrial Park Sofia East (IPSE) logistics project in Elin Pelin municipality, 25km east of Sofia, would cost 125 million leva if current plans are developed fully, Alexander Gebov, head of Paladin Property Development, the industrial park's project manager, said on March 5. It will spread on 70 ha of land, 96 per cent of which has been already rezoned from agricultural into land for construction development, and will provide space for light manufacturing, logistics and warehousing, benefiting from completely integrated infrastructure.
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