Sun, Nov 08 2009
Stefan Dobrev's winning design.
Photo: Maria Subotinova
This seventh auction features works by contemporary Bulgarian and foreign artists. Past editions have put first editions of Voltaire and Victorian lithographs on the block.
The National Art Academy has signed an agreement allowing for research to be conducted for potential reconstruction and expansion of the academy's building in Sofia, after a competition was held, selecting architect Stefan Dobrev for the task.
The Sofia City Art Gallery shows work by contemporary Bulgarian artists under the theme of 130 years of Siemens in Bulgaria, where significant historical periods are intertwined with the development of the local art scene.
Office rent transactions peaked at 65 000 sq m between July and September 2008, but collapsed to 10 700 sq m in Q3 2009, Forton manager Sergei Koinov said.
Most potential buyers are now opting to buy a luxury flat in the range of 120 000 to 150 000 euro or a single family home for about 500 000 euro.
About 30 000 to 35 000 people employed in the construction sector were facing redundancies in 2010, Bulgaria's Regional Development Minister Rossen Plevneliev said on October 26.
Average market prices of housing in Bulgaria dropped five per cent in July-September, measured quarter-on-quarter, the National Statistical Institute said on October 23 2009.
The European Investment Bank (EIB) has released a 43.5 million euro loan to Sofia Municipality, for infrastructure projects worth 88.1 million euro in total
Bravo. That looks incredible. I hope that it comes to life inspite of all Bulgarian negativity.