Sun, Nov 22 2009
About 14 results were found.
Bulgaria's real estate market was starting to mature into one of slower growth and higher quality, particularly in the residential and office space segment. This is one of the findings of the latest Oxford Business Group report Emerging Bulgaria 2007 presented on October 30 in Sofia. Markets for holiday homes and retail markets were less developed but the potential for problems remained, the report said. According to
As incomes rose and consumers became more discerning with their disposable income, Bulgaria's retail sector continued to grow. This year saw a sharp increase in the construction of shopping centres as the country's retail sector continued to gain maturity, after lagging behind Central Europe for several years. In August, an international real estate consultancy firm reported that by the end of the first half of
Bulgaria's coal power sector is undergoing renewal and expansion, filling a gap left by the closure of two nuclear reactors. While older stations are being overhauled, new projects are in the pipeline in Bulgaria's coal-mining heartland. The Maritsa East coal mines, located near Stara Zagora in the centre of the country, supply coal to power plants in the area. This includes Bulgaria's largest coal-fired power plant, Maritsa East
On July 19, Bulgarian National Bank (BNB) increased the minimum mandatory reserve requirement (MRR) in a move intended to slow lending growth. The BNB governing council announced that, from September 1 this year, the MRR of banks in Bulgaria would be 12 per cent, up from eight per cent at present. Banks' MMR is held in the central bank, tied up in non-interest-bearing deposits. Bulgarian
Bulgaria's tourism sector continues to grow rapidly despite a fall in visitors from its non-European Union (EU) neighbours and an unusually short ski season. The authorities are continuing to develop the growing opportunities in spa, cultural, adventure and ecological tourism, as worries persist that some coastal resorts have hit the limits of their expansion and sustainability. There is an ongoing struggle between
The June 27 European Commission progress report on Bulgaria praised the Government's reforms of the judiciary and government administration, but urged better enforcement of the law. While in most cases EU-standard judicial and administrative structures are in place, there is sometimes not enough administrative capacity to implement change on the ground. The EC pledged to work with Bulgaria to address
At the end of May, Bulgaria's parliament ratified two international agreements for trans-Balkan oil pipelines. One was with Macedonia and Albania, for the construction of a 895km line from Bourgas on Bulgaria's Black Sea coast to the Albanian port of Vlore on the Adriatic: the Albanian Macedonian Oil Pipeline (AMBO). The other, with Russia and Greece, concerned a 280km pipeline from Bourgas to the Greek town of
Bulgaria's national electricity company NEC is in negotiations with utility companies and major financing institutions to resume the construction of the country's second nuclear power plant (NPP) in Belene, near the Danube river. It is planned to substitute four outdated reactors of the Kozloduy NPP, the country's sole nuclear power station, which was partially closed down as a requirement for Bulgaria's accession to the
European Union membership has increased the confidence of foreign investors in Bulgaria's real estate sector across the board and a wider range of nationalities are expected to invest in the country in coming years. Currently, 29 per cent of real estate sales in the country are made to foreigners, mainly British (67 per cent) and Irish (12 per cent). Other EU members have been less enthusiastic about entering the
Bulgaria's Black Sea port city of Varna is a transport nexus and the home of some of Bulgaria's largest industries. A positive multiplier effect is taking place as companies invest in the region, with projects for shopping malls, office complexes and logistics centres. This month, rating agency Standard & Poor's (S&P) announced that it had raised its long-term issue credit rating for Varna to BB+ from BB, declaring the
The annual results of Bulgaria's insurance companies indicate a rapidly growing market. Now that Bulgaria is a European Union member, a large number of foreign companies have announced they are planning to establish branches in the country, some to ensure corporate partners coming into the market, others to compete for the growing domestic sector, in which life insurance is growing particularly strongly. At the
Bulgaria is seeing impressive retail growth, with foreign companies entering the market joining the already thriving domestic firms. hopping culture is changing in the country as the competitive and fast-growing environment encourages companies to offer different retail options. Growing incomes and high demand have hastened the development of malls, retail centres and out-of-town hypermarkets. The announcement
A few weeks ago, I had the privilege of visiting Dobarsko in Blagoevgrad Oblast for a weekend. A short walk from the village takes you onto a ridge from which the Rila, Pirin and Rhodope mountain ranges are visible. The views were stunning, all the more so because of the range of sceneries around. Each range has its own geology, flora and fauna. There really is nowhere else like it in Europe to the best of my
Bulgaria's tobacco industry is undergoing radical restructuring, with the sale of state tobacco giant Bulgartabac. Sale of the firm's factories have met with high demand on the stock exchange, and foreign investors have purchased some of the holding company's key subsidiaries. Bulgartabac Holding Group, previously 80 per cent state-owned and in the process of privatisation, is considered one of the leading tobacco
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