Sun, Nov 22 2009

Belfast-based construction companies look for employment in Bulgaria

Mon, May 11 2009 10:27 CET byNick Iliev 1452 Views 3 Comments
Belfast-based construction companies look for employment in Bulgaria

With the property boom over, hundreds of real estate developments in Bulgaria have been frozen by the local building companies

Photo: Anelia Nikolova

Hit hard by the economic downturn, a group of construction companies in Northern Ireland are considering establishing a foothold in Eastern Europe and the Bulgarian market in particular, the Bulgarian news agency, BTA, has reported.

They consist of more than half of the firms who are initiating a one-week trade mission in Bulgaria and Romania starting today - May 11. The task force is made up of 25 firms in total, who have concentrated their attention on developing markets in Eastern Europe. Some of them are involved with the retail of construction material, others with recycling it – two prominent industrial activities in Northern Ireland's economy.

Representatives from the group believe that Bulgaria and Romania have great possibilities for the future. "Bulgaria and Romania are benefiting a lot from investment emanating from the EU and the subsequent modernisation of their economies. And we, in turn, can envisage a lucrative potential," said Vicky Kell, one of the mission's organisers.

"Bulgaria and Romania have benefited from substantial investments in infrastructure overhaul and development and in the creation of modernised production technologies, telecommunications improvement, transport, energy production and protection of the environment," Kell said. "Investments poured into infrastructural projects in Bulgaria alone amount to more than eight billion euro," she said.

Comments

Anonymous Mikael Mon, May 18 2009 16:42 CET
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Why not start with the repair of all holes in the runway at Burgas airport?

Anonymous Jordan Wed, May 13 2009 06:06 CET
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Great idea. Modernize the airports, like the one in Sofia.

Anonymous john jo Mon, May 11 2009 20:28 CET
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Fantastic how about starting with Varna airport terminals and turn them into modern buildings with a decent toilet block.

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A total of 3897 new flats in 547 new buildings were developed in Q1 of 2009, mostly in the seaside cities of Varna and Bourgas, followed by Plovdiv and Sofia.

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