Buy & Sell Bulgaria Insight Newsletter

25^th 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.

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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.

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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.

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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.

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