Sat, Nov 21 2009
Photo: Tsvetelina Nikolaeva
Company remains optimistic that Bulgaria's real estate market is stable, even in the luxury segment
Unless the city hall lowers the rent, the establishments face the prospect of staying closed for the summer season. Currently only three out of 26 are operational
Carrefour, Marks&Spencer, Kenvelo, Benetton, Adidas, Mango, Terra Nova, Intersport, Sport Depo, Mothercare, New Yorker and Starbucks, among many others, expect their customers at Bourgas Plaza.
The large administrative centre is part of major construction works surrounding Bourgas airport that will see a new terminal, thorough reconstruction of infrastructure, the demolition of existing buildings and the construction of a new administrative centre.
Carrefour opens the first of four stores planned for Bulgaria in Bourgas Plaza, the city's first shopping mall, which is due to open for business in the first week of April
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?
This is Good . Bulgaria is in EU.
But its look like War Zone
finally the property legislation is reaching "normal" European status !
in CE this is standard since centuries !