November 2007: The Real Estate Investment Trust,
Fair Play Properties expects to complete the purchase of 5.0 hectares
of land near Sapareva Banya for the construction of a vacation village.

Rila Lake Resort, a residential and hotel complex
near Panichishte, will be launched in 2008 and completed in 2010. The

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Financial Crisis Bypasses Southern Balkans Property

It looks like the mortgage crisis which started in the second half of
2007 has not affected the real estate market in Bulgaria, Romania and
Serbia. This can be proved with the rate of real estate price increase.





Only in the last few weeks did experts start talking about retention of
prices and even about a small decrease in some areas

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Bulgaria The Third-Most Attractive FDI Destination in SEE

Bulgaria is the third most-attractive destination for foreign
investments in Southeastern Europe after Turkey and Romania, according
to the Southeast Europe Attractiveness Survey 2008, compiled by the
independent market researcher CSA at the request of Ernst & Young
and released on April 24.

The survey draws on the answers of more than 200 top ...

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Bulgaria Ranks Second in Global Property Price Growth List

Bulgaria takes second place in a classification ranking the 2007 global
property price increase, the latest ranking of Global Property Guide
shows. According to the global house price growth list the annual
increase of the prices of real estate in Bulgaria reached 34.6%. The
lead is taken by the Chinese city of Shanghai where property prices
have gone up by ...

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Three Golf Complexes to Be Built near Sozopol

Three golf courses are to be constructed in the area between the villages of Ravna Gora and Izvor, Sozopol
Municipality. Each of them will have an area of about 1,000 decares as
the main part of the land is owned by the municipality, Panayot Remzi,
the Mayor of Sozopol, said.


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Bulgaria Still Tops Investors' List

Bulgaria, Turkey and France are the three countries set to see the
biggest growth in demand among overseas property investors, a new
survey has found.





Fly2let.co.uk reports that the NatWest International Personal Banking
League of Buying Abroad found that 75 per cent of mortgage brokers
expect to see an increase in the number of ...

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Golf Tourism Development to Attract Affluent Tourists to Bulgaria

Bulgaria has turned to golf, a sport not too popular in the country until now, looking to attract affluent tourists, AFP reported.


"Golf tourismdevelopment
is very ...

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Dobrinishte Resort Gains Ground on Bansko

Dobrinishte resort has been attracting investor and tourist interest in recent years. Some see it as an alternative to the front-runner Bansko
because of its reduced construction and the ski zone just ...

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One Billion Euro Invested in Bansko

It has been calculated that in the last 5-6 years about 1 billion euros have been invested in Bulgaria’s winter resort of Bansko.
The reason for the great development boom in the resort is the
favorable investment climate the local authorities have created, the
town’s Mayor Alexander ...

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Bulgaria - World Leader for Property Investment

Bulgaria property investment has proven to be the country's economic
driver with a record-breaking turnover of ˆ11.36 billion in 2007,
investment company Obelisk International says.As the world's strongest property market in 2007, Bulgaria property
investment has made a huge ˆ2.36 billion increase on 2006 figures, and
is successfully keeping up the momentum for ...

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Construction and Property in Bulgaria are Booming

Both the construction industry and the property market in Bulgaria are
continuing to boom as we move in to 2008, with 2007 having been bumper
years for both economic sectors according to a series of independent
reports. This is excellent news for the nation and for all those who
had committed to the market prior to the country’s 2007 EU entry...but
what does the ...

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Bulgaria’s 2008 Investment Potential

The property market of Bulgaria has achieved an incredible rate of
growth over the past few years, bolstered by a fast-growing economy and
its admission into the EU in January 2007. Bulgaria’s National
Statistic Authority noted that property prices have grown by 15% during
the first half of 2007, with Knight Frank’s Global House Price Index
registering a 27% ...

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Seven Golf Courses to Mushroom Near Bansko

Seven new golf courses are being built on the territory of Bansko and Razlog
resorts. "Our ultimate goal is to attract wealthy lovers of this
aristocratic sport from all over Europe. This way we will ...

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Bulgarian Property Market 2007 Turnover Reached 11bn Euro

Property market was the absolute economic leader for Bulgaria's economy
in 2007 with a record-breaking turnover of 11.36 billion euro, a real
estate agency data showed.The sum was the total value of deals with
land and buildings in the country over the period.In 2006, turnover in
the sector was close to nine billion euro, Pari daily said.According to
experts, ...

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Love Affair with Bulgaria’s Property Market Continues

Contrary to recent rumors that the Bulgarian real estate market is not
so attractive to foreign investors any more, Andrew Regan, a Scottish
online freelance author, comments that the Bulgarian property boom
shows no signs of abating.


“Bulgaria's expected adoption of the Euro in 2011 means that investors
need to move quickly to snap up the best ...

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Property in Bulgaria Up by 327 Percent since 2001

In the last few years there has been no variety of projections,
expectations or forecasts on the Bulgarian real estate market. There
has been only one trend – that of prices going up, and only one result
– each year the money invested in real estate around the country
increase and so does the number of concluded deals. The market
continues pacing forward ...

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Between Two Tourist Seasons – Results and Projections

According to the data so far for the first nine months of 2007 Bulgaria
was visited by over 4.58 million foreign tourists, i.e. the increase
compared to the same period last year being about 7.4%. From them about
three quarters are EU citizens as the increase in this group is 30% on
an annual basis. The highest percentage of tourists came from
neighboring ...

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Ski Patrol to Be Launched in Pamporovo Resort

Ski patrols will be introduced this season at Bulgaria's Pamporovo
resort, it turned out at the sitting of the Standing Municipal
Committee for Disaster Management in the Smolyan Municipality. The
patrols have been agreed between the Smolyan Municipality and the
Chepelare ...

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Holiday Homes Still Fashionable in Bulgaria

Standstill in prices, entrepreneurs not worried.


Observations of the holiday homes market in Bulgaria for the first half
of 2007 show that in some regions the number of new apartments has
increased by 50%. Colliers International say that there were over 76
500 holiday properties on the market at the end of June. The sale
prices (800 – 1,700 ...

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The Market Changes Bulgaria’s Map

New settlements may appear, others will vanish due to the demographic
collapse. There is reorientation in the demand from low-quality and
cheap properties scattered around the countryside to gated communities
with gardens and sometimes with private pools, brokers say. This trend
is set by the clients who give prominence to the comforts and safety of
the ...

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New Water Purification Plants along the Black Sea coast

The Minister of Ecology Dzhevdet Chakarov has set an ambitious goal to
place water purification plants along the whole Black Sea coast, which
will cost about 200 million euro. This was announced yesterday at a
seminar of the mayors of the Black Sea municipalities. The construction of these facilities is also important for the
development of the tourism, the Minister of ...

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BULGARIA WORLD CHAMP IN PROPERTY PRICES HIGH JUMP

Bulgaria's residential property market has recorded the world's
second-highest increase in prices in the second quarter of 2007,
overleaped solely by Latvia, according to a new global
research.Residential property prices in Bulgaria jumped by 27.1% in the
second
quarter of this year, up by nearly 15% in comparison with the same
period last year ...

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BULGARIA ENTERS TOP 10 IN INVESTMENTS

Bulgaria has entered the Top 10 in foreign investments. An EIU report
points out that Bulgaria is among the Top 10 countries listed in the
chart for implemented new investment projects, funded by foreign
capital in 2006. In 2006, the number of projects realized in Bulgaria
grew up by 104,3% to a total of 286. For a comparison, the same number
of projects for ...

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HOUSING PRICES IN BULGARIA GROW AT A HEAD-SPINNING RATE

New high-jump world champions emerged in Bulgaria - residential
property prices. "Bulgaria is now the second in the world in property
prices increase," real estate agents report. The leader is Latvia,
according to Knight Frank UK survey for the second trimester of 2007
compared with the same period of 2006. From April to June housing
prices in Bulgaria went up ...

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PERELIK YEAR-ROUND TOURIST CENTER PROJECT KICKS OFF IN FALL

The construction of Bulgarian sports and tourist centre Perelik will
start in the autumn of 2007, the investor, Sports and Tourist Centre
Perelik, said on August 28, 2007. Perelik Centre is to be fully
completed till year 2012-2014. The Smolyan municipality, a partner in
the project, will make a non-cash contribution to the joint venture
company. Consultant on ...

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HOUSE PRICES CONTINUE TO BOOM IN BULGARIA

House prices in Bulgaria have risen by 27 per cent since last year,
with further increases expected over the coming months. Local experts
forecast a further 20 per cent increase in average prices before the
end of the year. Demand in the country has shifted inland away from
costal resorts toward urban and rural areas. However
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NVESTORS BUILD NEW MEGA RESORT IN BULGARIA'S RODOPI MOUNTAIN

On the Photo: the first truck with the ski equipment for the Stoykite -
Snejanka lift is already here. Another 40 trucks are to follow soon.
Investors have started the building of a new mega resort on the south
slopes of Snejanka Mount in Bulgaria's Rodopi Mountain. A total of nine
hotels and apartment complexes are under construction in the area of
the ...

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STARA ZAGORA MINERAL SPA WILL BECOME A YEAR ROUND RESORT

Stara Zagora Mineral Spa has a good potential for future development as
an all-year-round spa resort. It is an attractive tourist destination
offering excellent opportunities for relaxation throughout the year. A
main reason for this is the modern tourist accommodation built over the
past few years, said the Mayer of Stara Zagora - Evgenii Jelev. The
resort is ...

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BULGARIA TO SPEND 2 BILLION ON INFRASTRUCTURE BY 2013

One billion euro will be invested in road construction and
reconstruction over the next six years. By 2013, as much will be
invested in Bulgaria’s transport infrastructure, announced Pmrime
Minister Sergey Stanishev and Transport Minister Petar Mutafchiev
during their inspection on the the construction of a railway connecting
Plovdiv and Svilengrad ...

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RUSSIANS BUY UP RESORTS IN BULGARIA AND MONTENEGRO

Lately the Russians prefer the Balkans especially Montenegro and
Bulgaria, when refers of buying villas or apartments in a resort.
Russians' interest in the first six month of 2007 was attracted by
destinations like Spain, Turkey, the Czech Republic and Cyprus. But the
real hits were Montenegro and Bulgaria.

Compared to the last year's interest, the search ...

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HOLIDAY PROPERTY IN BULGARIA'S VELIKO TURNOVO AMONG THE LEAST EXPENSIVE IN THE WORLD

The Bulgarian town of Veliko Turnovo has been included in a ranking
compiled by UK newspaper The Independent of the most favourable holiday
property markets.Property near Veliko Turnovo can be bought for 20 000 to 100 000 pounds
sterling. Unlike Bansko and Black Sea towns, Veliko Turnovo has not
been hit by excessive construction, and had beautiful natural scenery

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ROMANIA AND BULGARIA SIGN ORYAHOVO-BEKET BRIDGE CONSTRUCTION PROJECT IN 2008

Bulgaria and Romania are expected to sign an agreement for the
construction of a bridge connecting the Bulgarian town of Oryahovo to
the Romanian Beket.

Transport Minister Petar Moutafchiev said as quoted by investor.bg that
the two countries will decide on the exact location of the bridge
across the Danube in 2008.The ministry introduced to Romania the

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CONSTRUCTION OF VARNA-BURGAS MOTORWAY TO START '08

The Bulgarian regional development ministry said it is prepared to
start in March 2008 negotiations on the award of a concession contract
for the Cherno More motorway which links the Black Sea towns of Varna
and Burgas. The route of the motorway is currently being
particularised, said regional development minister Asen Gagauzov.
According to one of the latest ...

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Holiday Market Has Just Started Developing

Holiday estates’ market in Bulgaria has just started developing.
According to some estimates, prices are expected to go down because of
surplus offering. However, foreign investors think that our country’s
market of Holiday estates will continue developing in the following
several years. They say that the recently discussed over saturation of
market is not ...

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SUPER BOROVETS STARTS IN SEPTEMBER

The investment company Equest Investments Balkans Ltd (EIB) announced
that it has acquired strategic indirect shares of 33% of Rila Samokov
2004 JSC – the company which will develop the Super Borovets project
and possess land plots in the resort.According to the contract, EIB acquires 33,5 % shares in Rila Samokov,
which has 1 977 131 land plots for construction in the ...

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ROMANIA AND BULGARIA SIGN ORYAHOVO-BEKET BRIDGE CONSTRUCTION PROJECT IN 2008

Bulgaria and Romania are expected to sign an agreement for the
construction of a bridge connecting the Bulgarian town of Oryahovo to
the Romanian Beket.

Transport Minister Petar Moutafchiev said as quoted by investor.bg that
the two countries will decide on the exact location of the bridge
across the Danube in 2008.The ministry introduced to Romania the

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RHODOPE MOUNTAINS ATTRACT SUMMER TOURISTS TO BULGARIA

Bulgaria's Rhodope Mountains are gaining popularity among summer
tourists. The most popular alternative holiday destinations are the
villages around the rivers of Arda, Shirokolushka and those close to
the town of Smolyan.Accommodation in these villages costs from 10 to 15
leva (5 to 7.5 euro). The region is known for its traditional
meals.Extreme sports lovers ...

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60 MILLION EURO TO BE INVESTED IN GOLF COURSE CONSTRUCTION NEAR BULGARIA'S BANYA

Karlovo municipality and Banya Golf and Spa Resort will discuss the
opportunity for developing the town of Banya as a resort. The
municipality council and the investor will discuss the possibility for
a public-private partnership, Focus news agency reported.Investment
will reach 60 million euro for the period of several years.The company
to be created will have ...

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WORLD BANK LENDS BULGARIA EUR 90 M FOR TRANSPORT INFRASTRUCTURE UPGRADES

World Bank's board of directors approved EUR 90 M in funding for a
project to upgrade transport infrastructure in Bulgaria, the
institution said on Wednesday.

The funds will be used to rehabilitate first, second and third class
roads with total a length of 450 kilometres.Part of the money will be
invested in buying new equipment and
improving the ...

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PROPERTY INVESTORS TURN ATTENTION TO SPA RESORTS IN BULGARIA

Vacation property investors are interested in the regions having
mineral water deposits near big Bulgarian resorts. An increasing number
of apartment buildings in the resorts have spa centres and promote the
powers of mineral springs, said an article in mediapool.bg. A number of
closed-type complexes are being built the region of Bansko winter
resort, famous for ...

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22.06.2007 3 BULGARIAN HARBORS BECOME MODERN YACHT SPOTS

Bulgaria's Pomorie, Tsarevo and Ahtopol's harbors will become modern
yacht ports, informed from the Transport Ministry. The small harbors
will be governed by the municipalities. This will bring benefit to the
developing profile of the region and will create one common concept for
the local infrastructure, reported money.bg.





The ...

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A SOFIA COMPANY WAS SELECTED AS EXECUTOR OF “VELIKO TARNOVO HILLS” COMPLEX

The Sofia “Motive 1” company was selected as the developer of “Veliko
Tarnovo Hills” complex in the old capital. The information was
submitted to “Stroitelstvo Gradat” by “Veliko Tarnovo Development” JSC
– the investor company of the largest investment project in the old
capital so far. Vassil Ilchov, who has extensive experience in that
sphere, is the ...

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WEALTHY RUSSIANS ARE BACK STRONG ON THE BUYERS` END OF THE BULGARIAN PROPERTY MARKET

"After a seven or eight-year pause, wealthy Russians are again among
the most active buyers of realties in Bulgaria," real estate agents
from the northern coastal city of Varna told Standart.

Russians seek expensive properties for more than 100 000 euro in the
region of Obzor, the resorts St.St. Konstantin and Elena and Zlatni
Piasatci (Golden Sands), and in ...

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EU INTRODUCES NEW MONEY DECLARING CUSTOMS RULES

From 15 June 2007 travellers entering or leaving the EU and carrying
ˆ10 000 or more in cash (or its equivalent in other currencies or
easily convertible assets such as cheques drawn on a third party) have
to make a declaration to the customs authorities.This follows the entry into force of a new European Regulation aimed at
fighting money laundering, and the financing ...

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176 MILLION EUR ARE THE EU FUNDS FOR TOURISM DEVELOPMENT IN BULGARIA

After entering the European Union and now being a full member of the
European community, Bulgaria is about to receive 11 milliard EUR for
regional development for the period 2007 – 2013.The largest part of the European funds will be allocated by the
Bulgarian Ministry of the Regional Development. The allocating of the
money, the choosing of appropriate projects and ...

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FLATS IN SOFIA AMONG THE CHEAPEST IN EUROPE

The prices of apartments and offices in Bulgaria increased by 10
percent over the first three months of 2007, but they will continue
going up, real estate agents say. Yet, real estates in Sofia are among
the cheapest in Europe, and this is why the city is still attractive
for building entrepreneurs and investors. In fact, since the beginning
of this year the ...

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ISRAELI WILL BUILD THE LARGEST TOURIST COMPLEX IN THE SOUTH-WEST BULGARIA

Israelis will built the largest tourist complex and villa settlement in
the Southwest of Bulgaria valued at 100 million euro. The Israeli
company “Asim Investment Group” has started the grand project in the
areas of Katarino and Golak, located on the territory of Razlog city.
The complex will be named “Rila Ville Village” and will be constructed
on a 150 decares ...

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PROPERTY FOCUS: Bulgaria's property profitability growing

The growing number of holiday property on offer has posed the question
for an emerging secondary market at the Black Sea and mountain resorts,
Pari daily wrote on May 4.In Bulgaria, this market is still in its early stage, but it’s expected
to develop in the next two to three years. Currently, there are about
40 000 properties for sale on the market around the country. ...

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AUSTRALIAN AIRLINES LAUNCHES VIENNA-BURGAS ROUTE

Austrian Airlines launched a new route from Vienna to the Bulgarian
Black Sea port city of Burgas on Tuesday, making it the third city it
flies to in Bulgaria.


The airline will operate three afternoon flights a week - on Tuesdays, Thursdays and Sundays.


"With flights to Burgas and Varna, Austrian Airlines now have a
national reach, which ...

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BULGARIAN BLACK SEA RESORTS PROPERTY DEALS ON THE RISE

Just before the start of the summer season, the number of holiday
properties on sale along Bulgaria’s Black Sea rose sharply. In the
northern summer resorts of Zlatni Pyasatsi (Golden Sands), St.
Konstatin and Elena and Slunchev Den (Sunny Day) more than 250 one
bedroom, two bedroom and three bedroom apartments were put on sale,
imot.bg said, as quoted by ...

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BULGARIAN SPA PROJECTS BOOST PROPERTY PRICES

Bulgaria’s State Agency for Tourism says that the number of tourists
visiting spa resorts will increase by 75 per cent in the next three or
four years.


Investors have been working on spa tourism projects for a long time, Kapital daily reported.


There are spa centre and hotel construction projects in, among other
places, the well-known ...

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BULGARIA’S CAPITAL TO SEE THE CONSTRUCTION OF SEVEN SKYSCRAPERS

Sofia will see work on seven skyscraper projects in 2007, Standart
daily reported. Sofia municipality already received the needed
documents for the setting up of these projects and launched the
procedures.


The majority of new developments will be part of already existing
business parks. Two of the projects will be carried out in Business
Park ...

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Razlog Becomes a Concentrated Golf & Resort Centre in Bulgaria

The Bulgarian golf courses, together with the golf villa complexes and
the vacation villages, built next to the golf properties have recently
been in the very spotlight of all property investors in Bulgaria.





At this point the region of Bansko and Razlog is the leading
destination for the largest number of golf projects in Bulgaria. So ...

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BULGARIA NEIGHBOURS TO BUILD HIGHWAY AROUND BLACK SEA

The Foreign Ministers of the countries members of the Black Sea
Economic Cooperation (BSEC) organization will sign a treaty for the
building of a highway around the sea.


The cooperation agreement allowing the highway's construction has been signed yesterday in Belgrade, ITAR-TASS has reported.


Once built, the highway will be shaped like a ring ...

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BULGARIA OPENS SUMMER 2007 SEASON

The summer season for tourists in Bulgaria kicks off on April 20, month and a half earlier as compared to previous years.


This is the first time ever that the summer season is given the
go-ahead that early. The event will be marked by a ceremony at the
Golden Sands coastal resort, to be attended by Prime Minister Sergey
Stanishev.



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NOTHER CERTIFICATE FOR I CLASS INVESTMENT OF A GOLF PROJECT, NOW IN PRAVETS

Terra Tour Service LTD received a certificate for first class investor,
for its project “Pravets Golf Resort and Country Club”, announced the
Bulgarian Investments Agency (BIA).


The investment that will be realized until the middle of the year 2010,
amounts to approximately BGN 71,8 million. The project financing will
be ensured by private funds of ...

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BANSKO RECEIVES RECORD-BREAKING BUDGET OF 10.3 MLN. EUROS FOR ROADS AND TOWN INFRASTRUCTURE

Bansko budget for the year 2007 is the record-breaking one in the whole
of South-western Bulgaria. The leading Bulgarian resort will have at
its disposal the amount of BGN 30 million, and thus, if divided per
capita of the population, it wins the whole country, even Sofia, the
population of which amounts to more than 2 million people. This year’s
budget of ...

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11.04.2007 CONSTRUCTION PACE IN BULGARIA’S RAZLOG REACHES ONE OF BANSKO

In the coming five years the region of Razlog and Bansko will have a
200 000-bed accommodation capacity, Dnevnik daily reported. This is the
balance of the construction permits the two municipalities have issued.





Seven golf complexes are on their way to completion in the region.
Construction of two golf complexes has already started in ...

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11.04.2007 10% OF INVESTMENTS IN EASTERN EUROPE TO FLOW IN BULGARIA

Some ten percent of the expected new investments in Eastern Europe will
enter Bulgaria, because the country continues to attract foreign
investors, the Oesterreichische Kontrollbank Aktiengesellschaft (OeKB)
stated in a report.


Austria\'s central provider of financial services and information to
exporters and capital markets measured the economic ...

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Bulgaria is Still a Sound Investment in 2007

Bulgaria's property scene has been subject to a meteoric rise over the
last few years - fact! A decade ago, the country was seen as a poor,
eastern block state riddled with crime and corruption but both
international and home-grown developers soon realised its potential,
and, thanks to massive investment, Bulgaria is now one of the world's
top property hot ...

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05.04.2007 HYPER BOROVETS

New ski projects are launched in Samokov region, while “Super Borovets”
awaits its start. Hristo Kovachki is the new big investor in the
region. Companies close to TIM Ltd also intend to invest in the region.


Samokov and Borovets are quieter, in comparison to Bansko, where new
ski, golf and spa projects for hundreds of million BGN are presented
every ...

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03.04.2007 DANUBE BRIDGE II CONSTRUCTION TO RECEIVE BULGARIA’S APPROVAL BY END OF APRIL

Danube Bridge II road and railway project connecting Bulgaria to
Romania is expected to receive Bulgarian construction permit by the end
of April, Vidin regional governor Krustyo Spasov said.
Danube Bridge II will be part of the European transport corridor IV and
will receive 70 million euro from the European Commission.
Spanish company Fomento de Construcciones ...

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27.03.2007 A SKI CENTER WILL BE CONSTRUCTED IN BYALA CHERKVA

Kuklen Municipality has already prepared its conception for the construction of a ski resort with 5-6 racing tracks. The General Organizational Plan of the Municipality, including the new winter resort, will be adopted up to 2 months. After 3 cases, Kuklen Municipality wins 17 decares of Municipal forests on the land of Yavrovo village, which forests almost reach the center of “Zdravets” ...

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BA Launches New Flight Sofia - London

British Airways announced the launch of a new morning flight from Sofia to London's Gatwick, which will be serviced every Sunday since the beginning of April.

The early morning take-off is scheduled for 6:45 am.

According to Emil Delibashev, BA Manager for Bulgaria, the introduction of an early flight will grant BA's clients extended opportunities to make connections ...

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Bulgarian Sea Resort Welcomes First Tourists

25 March 2007, Sunday

Bulgaria's glitzy Black Sea Resort Sunny Beach welcomed Sunday its first tourist for the 2007 season.

The group of 29 Israelis was welcomed with bread and salt following the Bulgarian tradition in welcoming guests. The tourist were also given the "You are not alone" ribbons in support of the Libya-jailed Bulgarian nurses.

The ...

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BULGARIA ATTRACTS THE BIGGEST INVESTMENTS IN THE BALKANS

Bulgaria, together with Romania and Croatia are the most attractive countries in the Balkans for foreign investors. Considerably lower are the investment money allocated to Macedonia, Bosnia, Serbia, Monte Negro and Albania. Peter Senfi, a representative of the European Bank for Reconstruction and Development said that most of the Southeastern European countries have marked an economical advance ...

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23.03.2007 PROPERTY BOOM STILL ONGOING IN BULGARIA - REPORT

In an article entitled On Course for a Building Bonanza, The Independent reported that Bulgaria’s property boom continues.
Initially Bulgaria attracted investors with the low prices but is now moving up in the international property market.
Coastal resorts continue attracting the majority of buyers, the report said. Several major projects are carried out at the moment and promise to ...

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21.03.2007 BULGARIA`S OWNERSHIP ACT CHANGES

On March 9, Parliament gave its final approval to amendments to the Ownership Act, opening the way for foreigners and foreign legal persons to acquire ownership rights over land, forests and forest stock land tracks and agricultural land. They can also acquire ownership over land by inheritance by law.

Reporting from Parliament, Bulgarian news agency BTA said that Parliament had ...

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20.03.2007 BRITS FORM THE MAJORITY OF BULGARIA'S FOREIGN PROPERTY BUYERS

More than 29 per cent of the property deals in 2006 in Bulgaria are signed by foreigners, according to an international properties research. UK citizens account more than 50 per cent per cent of these foreigners (Buyers from Russia and the former soviet republics are not included in the survey).

Brits buy in Bulgaria mostly with investment purpose, the report said. That is why they ...

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