Sat, Nov 07 2009

The Transport Ministry will have a new name, adding information technology to become Ministry of Transport, Information Technology and Communications. The change of name reflects the merger of the State Agency for Information Technologies and Communication into the ministry.
Bulgarian Trace and SK 13, Spanish OHL, Greek Terna and Czech Brno are all bidding for the construction of the railway.
Bulgaria's state-owned railways look to upgrade train stations around the country and lure customers from competitors in a strategy to make railways Bulgaria's preferred form of transportation.
Kavarna municipality is offering a train with 30 cars to carry Bulgarian fans to an AC/DC concert in Belgrade on May 26 2009.
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