Super Borovets Project plans to transform the region into a year-round resort with football fields, tennis-courts and other playgrounds for practising active sports, as well as swimming pools and numerous amusement facilities. The plan makes provisions for riverside parks with additional attractions, including a horse riding centre and dairy farm with taverns in the area of Byala Polyana, close to Borovets. The aim of the project is to develop the tourism sector with the help of the local people, whilst at the same... [read more]

There are many economic and market forecasts and predictions, however the bottom line is if you want to buy your first home-there is no wrong time. There is because the motivation to buy is not determined by regional market conditions or by location. Industry opinions, economic reports and investor speculation do not sway or predict when a particular individual will be ready to buy. For the great majority of folks, the most compelling reasons to buy a home are based on individual circumstances and personal need... [read more]

Bulgaria increases fee for permanent residence for foreign investors to 750 000 euro There are a number of ways to get permanent residence in Bulgaria, one being by being a foreign investor - and on February 26 2009, the Cabinet decided to increase the fee for this category from $500 000 to 750 000 euro. The Cabinet said that it had approved amendments to the Foreigners Act to this effect, in the light of the development of the Bulgarian economy. The Cabinet said that it had agreed that the provision re... [read more]

Last week the leading Russian web-portal dedicated to overseas real estate "Prian.ru - International Property" has prepared a rating of countries most demanded by Russian property buyers. Generally the past week will be remembered for its plenitude of up-to-date information regarding the "nontraditional" property markets. The rating is based on the analysis of more than 800 thousand customers' requests to the portal's database submitted in January 2009. Bulgarian market occupies the t... [read more]

Bulgaria's economy grew by six per cent in 2008 to 66.1 billion leva, the country's National Statistics Institute (NSI) said in a flash estimate on February 16, but the growth rate shrank drastically in the last quarter of the year. Fourth-quarter gross domestic product (GDP) growth was 3.6 per cent, according to the NSI estimate, but the figure could rise because of the conservative approach used by the statistics board in making the estimate. NSI says that flash estimates, which it launched earlier... [read more]

UK telecoms operator Interoute (www.interoute.com) plans to invest some six million euros in Bulgaria in the next two years, Mark Gregory, general manager for central and eastern Europe, stated. The monies will be allocated to construction of a new data center, upgrading network infrastructure and training. Despite the global financial crunch, investments in southeastern Europe are still attractive, Gregory added. Interoute entered the Bulgarian market two years ago through the acquisition of operator TPN. Since th... [read more]

US pharmaceuticals company PPD (www.ppdi.com) has entered into an agreement to acquire Bulgaria-based contract research organization AbC.R.O. (www.abcro.com), management of the buyer said in a statement. Financial details of the deal have not yet been disclosed. The move, which is due for completion by the end of March, will gain PPD entry into Romania, Bulgaria, Serbia and Croatia with established infrastructure and expertise. AbC.R.O. provides a full range of Phase II-IV clinical services, including clinical tria... [read more]

Venture capital fund 3TS Cisco Growth Fund, which belongs to Cisco (www.cisco.com) of the US and 3TS Capital Partners (www.3tsvp.com), said it was seeking opportunities to invest in Bulgarian hi-tech companies. Representatives of the fund were speaking after the firm's first acquisition in Bulgaria, a 17% stake in online media Investor.bg (www.investor.bg) for 2.5 million leva (1.27 million euros). ... [read more]

We live in changing and exponential times. This isn’t going to stop, and the wealth generators of tomorrow are being educated into this environment. When you contemplate that tomorrow’s millionaires have not yet earned their first pennies, pause for a moment and think of the dynamics they are already beginning to take for granted. - The top 10 in demand jobs in 2008 did not exist in 2000 - We are currently preparing students for jobs that do not yet exist, using technologies that have not yet been invent... [read more]

Investing in property in Varna can hedge your funds, plus turn the negative returns into positive ones - Why this is the Right Time to Invest! A wise man once asked ‘ If we were meeting here three years from today - and you were to look back over those three years to today, what has to have happened during that period, both personally and professionally, for you to feel happy about your progress ? ' There is no doubt that the economic turbulence and credit crunch around the world has prompted ... [read more]