By The Sofia Weekly, 10 Jan 2009
The coastal city of Varna will soon have two attractive additions to its tourist infrastructure, expected to boost further the region’s tourist industry and luxury homes market. Eurolink Investment Group’s Chairman Christopher Violaris confirmed once again at a press conference in Nicosia, Cyprus his Group’s plans to build two 18 hole PGA golf courses in the outskirts of Varna.
Mr. Violaris was adamand that the present crisis will not affect his Group’s plans, on the contrary, he added, if our management of the situation is proper, Bulgaria and the region of Varna can greatly benefit from it.
He pointed to a recent report prepared for the insurance giant AXA, which predicts an exodus of over 500.000 Britons which consider Varna as the ideal place to relocate to.
“What is holding us back, is neither the market situation nor the lack of funds, but the extended delay of the official approval of the new Master Town Plan for Varna”. Mr. Violaris added that “any further delays will destroy great investment opportunities and will kill the interest of serious investors in the region”.
