Wednesday, 07th Jul, 2010
The Regional Governor of Varna District, Mr. Dancho Simeonov had a meeting on Tuesday the 6th of July 2010, with the Ambassador of Cyprus to Bulgaria H. E. Mr. Stavros Amvrosiou and the Chairman and CEO of Eurolink Investment Group Dr. Christopher Violaris. The meeting took place at the conference room of the Regional Administration in Varna.
June 28, 2010, Novinite.com
Bulgaria’s income and corporate tax rates have seen the greatest decreases in the EU in the period 2000-2010, according to Eurostat data released Monday.
Please be informed that if you have purchased properties in Bulgaria and due to changes in the Bulgarian Law on Local Taxes, all owners/companies registered in Bulgaria are obliged to submit tax declarations according to Article 14 of above law and to re-declare their properties by end of June, 2010.
Eurolink Financial Group offers you the service of organizing this on your behalf for EUR 100 per property, paid by June 29th, 2010.
Should you wish the procedure to be carried out by our financial specialists, please email us to confirm and arrange payment.
2nd June, 2010, by Lili Gospodinova
Many events were organized in Bulgaria to mark the day: the Bulgarian State Railroads, BDZ, offered free rides to children under 14 to all destinations in second class cars; the State Agency for Child Protection organized a student competition about knowledge of EU Member State. Education Minister, Sergey Ignatov launched a 3-day information “marathon” titled: “What Social Europe Can Do for You?” In addition to all events, drivers turn their lights on during the day.
Eurolink Investment Group (EIG) marked this day with the kids from the village of Konstantinovo, Varna Municipality. The local Community Centre had organized many games, a concert performed by children trained at the Centre and a drawing competition. The first place was won by Stella, a girl in 3rd grade of the local school and was rewarded for her beautiful drawing by the Guest of Honor, Mr. Christopher Violaris, Chairman & C.E.O. of EIG. READ MORE »
25th May, 2010, Novini.dir.bg
Banks sell packages of toxic assets 25% of the value, a rim of the Political Party Rights and Freedom Movement (DPS) allocated € 300 mn for the fraud.
Groups associated to the leader of DPS Ahmed Dogan, have begun an invasion of the bank market. We are talking about an entirely new phenomenon. Many banks sell so-called toxic assets. These are loans that are not serviced more than four months. Their number has recently increased drastically due to the crisis and unemployment. The banks make full packages with 1800-2000 credits each - mainly mortgage and with a particular pledge, offering them secretly on the market in various forms.
24th May, 2010, Novinite.com
The Parade of Sail amazed the viewers in the Varna Gulf before the 22 vessels from the 2010 Tall Ships Regatta set out of Bulgaria. Photo by BGNES
Thousands of residents and guests of the Bulgarian sea capital Varna have enjoyed the marvelous Parade of Sail staged by the participants in the 2010 Historical Seas Tall Ships Regatta.
Led by the Bulgarian barquentine Kaliakra, the 22 participants in the regatta sailed close to the coast in the Varna Gulf in order to demonstrate the beauty and splendor of their vessels.
16th May, Novinite.com
Photo by EPA/BGNES
Etihad Airways, the national airline of the United Arab Emirates, has launched the sale of tickets for flights to Bulgaria and Romania following the signing of a new codeshare agreement with Greece’s Olympic Air.
The new deal, which comes into effect on Tuesday, 18 May 2010, will also give air travellers in Greece greater and easier access to the Abu Dhabi-based airline’s network of 61 destinations.
May 10th, Actualno.com
Construction companies building golf courses, shopping malls, hotels and Spa resorts will once again enjoy the privileges offered by the state, says SEGA quoted by CROSS.
Apr 22nd, 2010, Novinite.com
Bulgarian Regional Development head Rosen Plevneliev (middle) together with managers breaks the ground of the new Weber factory near Varna. Photo by BGNES
French company Saint-Gobain Weber started Wednesday the construction of its second factory in Bulgaria.
The ground-breaking ceremony for the factory located near Izvorsko village, Aksakovo Municipality, close to Varna, was attended by Bulgaria’s Regional Development Minister Rosen Plevneliev.
The second factory to be built by Saint-Gobain Weber in Bulgaria will also be producing dry construction mixes.
Apr 22nd, 2010, Novinite.com
Xinhua News Agency
Bulgaria plans to put some teeth in its dental tourism sector by implementing a national policy for the fast-growing market as the global economic crisis increases demand for inexpensive treatment.
Bulgaria now attracts only three percent of the dental tourists in the world, said Ventsislav Stoev, a dentist and head of the Bulgarian Association for Health Tourism. “It is a very small part in this fast-growing market especially having in mind Bulgaria’s potential for health tourism,” Stoev told Xinhua.
Apr 15th, 2010, Novinite.com
Agriculture Minister Miroslav Naydenov. Photo by BGNES
The European Commission has approved aid “de minimis” for Bulgaria in 2010, for farms in the country, Agriculture Minister Miroslav Naydenov stated Thursday.
Naydenov, speaking at the opening of the organic products exhibition “Green Days” in Sofia, said that the funding totaled EUR 20 M with a maximum of EUR 15 000 for each farm.
April 13, 2010, The Moscow Times
Bulgaria was the country of choice for Russians buying real estate abroad in the first quarter до 2010, beating out warmer climes like Spain and Italy because of low prices and aggressive marketing, DOKI said in a report.
It’s a title that Bulgaria has held for three years already. But while it used to be the destination of choice for middle-age Russians looking for vacation homes, Bulgaria is now turning into a heaven for retirees looking for a cheap place to live away from Russian winters.
8th Apr, Monitor daily
Bulgaria is number one attractive destination for investors. This showed the results of the traditional annual poll of the German-Bulgarian Chamber of Commerce, which was released yesterday. According to it the investors evaluate Bulgaria’s charm for foreign investment with a total score of 2.4 at a maximum of 1 rating. Second, the German contractors rated their own country with an assessment of 2.9, followed by Slovenia, Slovakia and Poland, while China ranks only sixth for attractiveness. “93% of surveyed German companies are extremely pleased with chosing Bulgaria as an investment location and would not look for other places to invest their money”, said Mitko Vassilev, Chief Executive of the chamber. Over the past 8-9 years the trade turnover between Bulgaria and Germany has been constantly increasing, and 2008 was a record-breaking, Vassilev reminded. A turnover of € 4 bn was reported at that time. As a result of the economic crisis in 2009 there was a decline by 20% representing a turnover of € 3.3 bn, said Vassilev. The major loser of the reported decrease in his view, however, is Germany. The proof of that is the fact that in 2009 export to Bulgaria has decreased by 20%.
Dear Partners, Clients and Friends,
We would like to inform you that our Head Offices in Varna, Bulgaria will be closed from Friday, April 2nd, 2010 until Monday, April 5th, 2010 due to the Easter Holidays. Our office in Nicosia, Cyprus will be closed from Thursday, April 1st, 2010 until Monday, April 5th, 2010. Should you have any urgent queries, please contact our Office Manager, Ms. Nedyalka Aleksandrova at +359 894 417 675.
In this season of beauty, renewal and joy, wishing for you happiness and success & sending you our best wishes for a Happy Easter!!!
Qatar to make USD 30 billion more investment:PM
23 Mar, 2010 - Qatar Tribune, by Rajesh Mishra
Bulgarian Prime Minister Boiko Borissov and his Qatar counterpart Sheikh Hamad Bin Jassim Bin Jabr Al-Thani
RAJESH MISHRA
DOHA QATAR Investment Authority (QIA), the country’s sovereign wealth fund (SWF), invested a total of $30 billion last year and would invest an equal amount this year as well, said the Prime Minister and Minister of Foreign Affairs His Excellency Sheikh Hamad bin Jassim bin Jabor al Thani on Monday.
Addressing a press conference jointly with Bulgarian Prime Minister Boyko Borisov at Emiri Diwan to announce a cooperation agreement between the two countries, the premier said that Qatar was always ready to invest in a country where there were prospects of good return for both sides.
The British Court of Appeal (Civil Division) with its judgement in the Apostolides v Orams case (Case No: A2/2006/2114) on 19 January 2010 has created an unexpected new legal situation in the ongoing struggle in Cyprus between Greek-Cypriot owners of property who had been forced to flee in 1974 and whose land had been grabbed by the invading Turkish Army, and for the mostly foreign speculators who took control of those lands, building, at times, plush ‘holiday’ dwellings on them.
Having attracted over € 21 billion in foreign direct investment in the last three years alone, Bulgaria is ranked one of Europe’s top investment targets. The country is beautiful, something which many other countries still do not know and the population is very open to foreign investors. Bulgaria has a winning combination of culture, education and the cost of labour, which makes the country very competitive. The geographic location is another key advantage.
With the support of Invest Bulgaria Agency, which is part of the Ministry of Economy, Energy and Tourism of Bulgaria, Eurolink Investment Group provides crucial economic information to investors concerning opportunities in Bulgaria. The Group also aims at helping speed up the process of starting and certifying a new business, offering land at strategic locations in the area of Varna.
Eurolink Investment Group has always welcomed all types of investments, focusing on providing support for investors in key sectors, including industrial production, energy (especially renewable energy), medicine, information technology, real estate and education.
From Wall Street Journal (Blog)
By Joe Parkinson
Hit harder in GDP terms by the financial crisis than any region on earth, citizens from across Central and Eastern Europe can, and often do, regale you with tales of economic woe.
But a new index published Wednesday says financial misery will be spread as unevenly across the ex-communist states this year as it was in 2009 — while optimism will be found in some surprising places.
According to Moody’ s ‘Misery Index’, which adds projections of fiscal deficits to unemployment numbers as a measure of economic gloom, the least miserable of the 23 states ranked will be (drum roll)… Bulgaria.
Mr. Emil Dichev, Mayor of Beloslav
The experience of the Municipality of Beloslav was presented at a forum, held in Sofia on 3 Dec, 2009, for the realization of the “Environment 2007 - 2013″ operative program, proved to be a very good practice. Currently, 29 projects in total are being carried out for construction under the program “Environment”, where the project of Beloslav was defined as leading, according to quality of execution. READ MORE »
Dear Partners, Clients and Friends,
We would like to inform you that our Head Office in Varna, Bulgaria and our Cyprus Office in Nicosia will be closed in the period December 23rd, 2009 - January 6th, 2010 for the Christmas and New Year’s Holidays.
Should you have any urgent queries, please, contact our Office Manager, Ms. Nedyalka Aleksandrova (tel. +359 894 417 675) or our Investment Consultant, Mr. Michalis Makris (tel. +357 99 444 652).
Wishing you Merry Holidays and lots of success in the New Year.
Eurolink Investment Group
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