Sat, Nov 21 2009

Eastern Europe's declining competitiveness accounts for a geographic relocation in outsourcing of office space. Nevertheless, Bulgaria is holding its own.
Apart from luxury yachts, guests at the annual HYPO Bulgaria Boat Show in Varna will see helicopters, sports cars, motor bikes, scooters, diving gear and other specialised sports kit
The most drastic decrease is observed in the prices of residential estates along the Bulgarian Black Sea coast. Falls are observed in all market sectors nationwide but Sunny Beach, Sveti Vlas, Varna and Bourgas are experiencing sharpest reductions.
Two large residential areas, a business and office centre and an entertainment centre, equipped with its own park, lake, and a play school close to Varna city centre to be ready by July 2011.
The project will cost 2.3 million leva, with an additional five million leva worth of modern equipment to be installed. Another two million leva is needed to revamp the current equipment in use, all of it by the end of August.
The head of public order, Svetomir Nikolov, has been fired as part of a massive action undertaken to stall illegal construction around the Varna Lake
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?