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.

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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.

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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.

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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. (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 23^rd, 2009 - January 6^th, 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

Bulgaria Gazette, 12 November 2009

Bulgaria is set to dramatically expand its wind power output in the next ten years to meet 13,5% of the country’s electricity demand by 2020.

It was announced that from the current 330 MW installed the amount of energy supplied will reach over 3,000 MW by 2020, the European Wind Energy Association (EWEA) reported.

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“Obviously we have managed to explain why this is the only possible budget for Bulgaria at the moment,” Finance Minister, Simeon Djankov, commented on Tuesday.

Bulgaria’s new Finance Minister has expressed confidence that next year’s budget, described as a model of excellence for EU member states, safeguards the country’s currency board regime and points to its exit from the global crisis.

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Yesterday, October 15, 2009, the biggest business forum held in the last decade in Bulgaria took place in Sofia, at Sofia Hall of Kempinski Hotel Zografski. The Bulgarian-Chinese Business Forum was organized by the Bulgarian Small and Medium Enterprises Promotion Agency and the Investment Promotion Agency of the Ministry of Commerce of the People’s Republic of China.

172 Bulgarian companies from real estate, construction and investments, trade and finance, pharmaceutical and chemical industries, media and promotion, production, wholesaling and retailing, and 103 Chinese enterprises from energy and mining, chemical pharmacy, logistics, electrics, textiles, economic zones, real estate and development, high technology and manufacturing, and investment promotion agencies attended the event. There were both ODI enterprises and companies attracting FDI to China from 18 Chinese provinces (autonomous regions and municipalities). (more…)

Around the World in 80 Schools has been such a success that I have been contacted by schools, business and charitable organisations not featured in the initial project that would like to become part of this ever increasing network.

Around the World in 80 Schools +Plus is an additional feature that will showcase additional schools, orphanages, charities, communities and business around the world that want to come together to make a difference for children around the globe.

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Nick enjoying the beautiful weather and the garden

I recently visited Varna at the end of September and I was kindly invited to join the Eurolink Team and the Children for the Barbeque Afternoon that was being arranged at a Villa, in the countryside near Varna, on Saturday 26^th September. I would like to give you a few notes on my impressions of how the afternoon progressed.

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Cyprus President Dimitris Christofias, left, talks to his Bulgarian counterpart Georgi Parvanov, right, during their official meeting at the Presidency building in the capital of Bulgaria, on Oct. 6, 2008.

Bulgaria expects that the intensification of UN-led negotiations on Cyprus will lead to a final settlement of the Cyprus problem, President of Bulgaria Georgi Parvanov has said, adding that his country supports UN Security Council decisions and respects the right of each side to outline its positions.

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The required capital to register a limited liability company has been lowered to the symbolic BGN 2 or EUR 1 by the Bulgarian Parliament.

The MPs approved the change in Bulgaria’s Commercial Law Friday at the second and final reading of the amendments in the Trade Act, lowering the required registration amount from BGN 5 000 to BGN 2.

The proposal had received the preliminary approval of the new cabinet in August this year and was promised by the now ruling Citizens for European Development of Bulgaria (GERB) party before the July general elections.

On his part, Finance Minister, Simeon Djankov, included the measure in the the anti-crisis packet as a way to encourage local business.

The anchored Norwegian Jade liner as viewed from the Varna beach which enjoyed sunny October weather. Photo by BGNES

The 295-meter Norwegian Jade liner called at Bulgaria’s Black Sea port Varna on Wednesday, October 7, 2009.

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“When the new General City Plan is implemented, Varna will look like a butterfly or a bird in flight to the future, seen from outer space”, Prof. Nikiforov said at the Public Deliberations of the Plan which took place on October 1, 2009 at the Community Centre of Konstantinovo.

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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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