Sat, Nov 21 2009
Photo: Darren Staples 
The rehabilitation of the road section linking Veliko Turnovo to Gabrovo via Dryanovo is almost over
Compared with March 2008, output in March 2009 dropped by 8.7 per cent in the euro area and by 10.5 per cent in the EU27, European statistical office Eurostat estimates.
The Bulgarian cabinet has vowed that it will fund the investment projects stalled by Phare amounting to more than 323 million euro, under article 180 passed by Cabinet in October 2008.
Struma motorway's lots are considered too complex to complete by 2013, so funds are to be relocated to Trakiya motorway instead.
In April 2009, the 33 km section Gotse Delchev – Pirin village commences construction.
All 21 public tenders for repairs of existing roads called under European Union operational programme Regional Development, worth a combined 320 million leva, have been cancelled, Dnevnik daily reported on October 23. The entire road infrastructure development programme has been put on hold until further notice, the new head of the National Road Infrastructure Agency (NRIA), Ivan Atanassov, said. The reason was that there were too many irregularities with the paperwork.
The National Road Infrastructure Agency (NRIA) will soon announce new tenders to choose companies to oversee the construction of the road from Kurdjali to Podkova and the connection of Hemus Highway with Sofia's ring road, the director of projects co-ordination department of the Transport Ministry, Nelli Yordanova, said as quoted by Bulgarian-language daily Dnevnik. Both projects amount to 64 million euro.
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?
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