Sat, Nov 21 2009
Kamen Briag
Photo: Julia Lazarova
Interest in Bulgaria overtakes Turkey, Egypt and Montenegro but ranks behind Greece.
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.
An Irish investment fund is buying Black Sea properties, hoping to sell them at a mark-up once the real estate market revives.
Major reconstruction work to begin near southern Black Sea coast as part of plan to improve infrastructure and ease traffic flow
Environment and Water Affairs Minister Djevdet Chakurov has issued an order forbidding construction for a year at Kaliakra, a natural site on the northern Bulgarian Black Sea coast whose preservation has been hotly fought for by environmentalists. The ministry announced this in a press statement on November 23 2008. The decision was brought about by the presence of the many plans, projects and investment offers for construction in the protected zone; their realisation would likely cause irreversible damage.
Municipality of Sozopol commissioned the Port of Bourgas to design a new fishermen port, whose construction should begin in 2009 and will be funded entirely by the state, Dnevnik daily reported, citing town's mayor Panayot Reizi. The proposed idea envisions the new port to be built behind the existing marina, which would be used only as a ship berth. Part of the plan suggests that the fishermen's boats that are now at the small harbour to remain there as one of the town's attractions.
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?
Well, we shall see what will happen of it all.
Start with Oasis in Lozenets!!
Sounds like a great idea, let the de-construction begin. Wonder which one owns the demolition company.