Buy & Sell Bulgaria Insight Newsletter

source: Narodno delo newspaper

The district of Konstantinovo  will have direct connection to the highways “Black sea” and “Hemus.

The new General City Plan of Varna is the first strategic elaboration to sketch the potential for development of the village of Konstantinovo and the region round it.  For their underestimation until the present moment speaks the fact that in the currently operative city plan, drawn in the 80s, they were not included. As a natural effect of it, a consecution of villa areas and urban formations appeared such as Pripek, Lazur, Panorama, Chereshova gradina and Krushova gradina, which lack the indispensable technical and social infrastructure.

According to Professor Architect Ivan Nikiforov, Head of the Team of the new GCP, the general idea for the development of Varna to the south will transform Konstantinovo in a city area of full value, attractive for living and recreation. This trend will be consolidated to a great degree particularly after the erection of the second bridge over the canal near Kazashko that will enable transport connection to both the city to the north and the seaside resort complexes. In actual fact from Konstantinovo it will be possible to set a connection with the highways “Hemus” and ‘Black Sea”.

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Source: Standard.ro

Wind generators near Kavarna

Although the wind energy potential in Romania is 14,000 MW, four times higher than Bulgaria’s, the latter’s installed power is more than 13 times higher than Romania’s, 160 MW compared to 12 MW, according to market data.

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Nedyalka Aleksandrova

Lovely children! Educated and careful, considerate and amiable, studious, knowledgeable and curious. As a parent myself, I was lost in admiration of these wonderful kids and their tutors, who have achieved excellent results where lots of present-day parents fail.

Valeria and Lili with the kids from the Social Educational Professional Centre, Varna

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‘In mid-September 2009 the public deliberations about the GCP of Bulgaria’s sea capital Varna will be inaugurated,’ an order, issued by the City Mayor Cyril Yordanov, announces. The first three dates are set for the city regions of “Odessos”, “Primorski” and “Mladost” - respectively on the 17th, 18th and 23rd of September at 6 p.m. in the City Hall’s Plenary Conference Room.

In the first days of the month, the project will be discussed in the villages of Konstantinovo and Zvezditsa.

Citizens can submit written statements on the GCP within a week after the conclusion of the discussions if there are any objections to be raised. The Commission will review all officially submitted remarks along with the protocols of the community discussions within a month’s time. The final stage of the admittance of the GCP will be finalized at a session of the Experts Council of Territorial Development of Varna Municipality after which the GCP will be formally endorsed.

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Dear Partners, Clients and Friends,

We would like to inform you that our Head Offices in Varna, Bulgaria will be closed on Monday, September 21st, 2009 and Tuesday, September 22nd, 2009 due to the National Bulgarian Holidays. Should you have any urgent queries, please contact our Office Manager, Ms. Nedyalka Aleksandrova (tel.:+359 894 417 675) or our Cyprus Office (tel.: +357 22 37 15 12), which will be open in the above quoted period.

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Is the time right to invest?

Usually in any market, stock, bond, commodities, etc., the markets turn without very many people realizing it. By the time a change in the trend has been detected and accepted, the major opportunity to buy or sell has been missed. The majority of the investors will sit on the sideline because they are afraid that the time isn’t right yet. Meanwhile the smart-money minority is grabbing the opportunity.

The moral of the story is: don’t try to time the market. Look for investments that make sense and don’t worry about buying at the absolute low. An old saying on Wall Street says: Bulls win, bears win, hogs get slaughtered. Don’t be a hog.

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14^th Sep, Novinite.com

Top Bulgarian culinary show host, Uti Bachvarov (front) together with the award winning chefs of the represented restaurants at the ‘Tastes of Varna’. Photo by Anettevents

The first edition of the “Tastes of Varna” Culinary Festival attracted thousands of visitors for its various events over the week, including Bulgarian show biz stars and food and wine specialists.

The program of the Festival, of which Novinite.com (Sofia News Agency) is an official media partner, featured carving and flair shows, event live music performances, kids’ parties, and a competition for ‘Best Banitsa’ (i.e. traditional Bulgarian pastry) organized by one of the sponsors of the event, BELLA Bulgaria. The five-star Helios Spa & Resort complex in the top Golden Sands resort on the Black Sea is the official partner of the culinary fest.

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2^nd Sep, 2009

The legendary train, described in the novel “Murder on the Orient Express”, by Agatha Christie, passed through Varna, announced a reporter from radio Focus. Orient Express arrived at Varna Railway Station with 100 passengers, yesterday afternoon and was expected by many welcoming people, mainly tourists from France and Germany, who had come to see their fellow-citizens. The guests stayed in the city for almost four hours. However, this summer, no tourists were allowed to board the train for a viewing tour. The reason for that was the fact that as the passengers pay an extremely high price for this VIP trip, it wouldn’t be pleasant for them to be disturbed. This year the train set off from Vienna and through Budapest, Bucarest, Varna and Kapakule will end the tour in Istanbul.

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By Michalis Makris, EIG Investment Consultant

There is no doubt that the recent economic crisis has left its marks on the Bulgarian economy as well. Nonetheless, there are strong arguments to support that once international markets start to recover, Bulgaria, currently the EU’s poorest state, will probably offer the highest development prospects and investment returns in the Central and Eastern European region.

In June, the European Bank for Reconstruction and Development became the latest addition to the club of institutions forecasting a contraction of Bulgaria’s economy in 2009. It estimated that Bulgaria’s GDP growth will shrink by 3% this year and a further 1% in 2010. This estimate is in line with the predictions made by the European Commission in the beginning of June 2009. Moreover, a recent article in the Financial Times, dated June 10^th 2009, stated that in the first quarter of 2009, the Bulgarian GDP fell by 3.5%. This is the first tangible proof that Bulgaria has been hit by the crisis. It is also the first time that Bulgaria’s GDP dropped since the financial and economic crisis of 1997.

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