20.1.2009 | Yavlena realtor says home prices drop in 2008
Housing prices in Bulgaria’s big cities fell by some EUR 100 per square metre on average in 2008, showed a survey of local real estate company Yavlena. In Sofia, deals are only struck at the moment by buyers in urgent need of a home and by cash-strapped sellers. The other... » more

15.1.2009 | Bad credits stay at 2% for half a year
Troubled credits in the banking system in the last six months have remained at between 2.16% and 2.23% of the overall amount of loans for companies and individuals. This was revealed by data of the Bulgarian National Bank with the latest figures as at the end of November. At... » more

13.1.2009 | Tougher anti-trust fines to take effect from Feb
Bulgaria’s Comission for Protection of Competition will start imposing heavier fines from February although new rules have been in place since early December. In a bid to curb monopoly abuse and disloyal competition, the watchdog will fine firms with up to 10% of... » more

06.1.2009 | Rates on local-currency loans pass 10% Nov’08
Interest rates on lev-denominated housing mortgages in Bulgaria exceeded 10% outrunning consumer and corporate loans both on the year and on the month in November, showed central bank data. Bankers forecast loan rates will stay at levels of before the credit boom of the past... » more

05.1.2009 | Real Eastate Project for EUR 50 M Started in...
The construction of the EUR 50 M residential and commerial complex Sky Buildings started in Plovdiv on Monday. Photo by yazov.bg The owner of the Bulgarian construction company Yazov Ltd, Dimitar Yazov turned Monday the first sod of his newest real estate project, "Sky... » more

05.1.2009 | Tourist sector waiting for state to take care of...
It is time the state committed to improving infrastructure because bad roads threaten to drive away Romanian holidaymakers, Bulgarian Hotel & Restaurant Association chairman for northeastern Bulgaria, Dimitar Dimitrov, told Dnevnik. The association’s board will gather... » more

16.12.2008 | Two-Bedroom Apartments Most Sought After in...
Two-bedroom apartments in downtown Plovdiv and in the prestigious residential district Karshiyaka were the most sought after residential properties in the city in 2008, the annual analysis of Europolis shows. Despite the stagnation, as of the middle of the summer, caused by the... » more

15.12.2008 | Treasure Island deal set
Former New Frontier owner Phil Ruffin is buying the Treasure Island from MGM Mirage for $775 million, sources confirmed Sunday night. The deal is expected to be announced today.Ruffin, a Wichita, Kan., businessman, sold the New Frontier in May 2007 for more than $1.24 billion to... » more

10.12.2008 | Bulgaria’s real sector swoons, industrial output...
Bulgaria’s industrial production contracted by 1.9% year-on-year in October confirming fears that the global economic slump has worked its way into the country’s real sector. Metals, mining, chemicals and textiles are the worst affected sectors, according to... » more

08.12.2008 | Property funds grappling with tight funding
The Bulgarian property funds developing or prepping to start projects are facing difficulties, market representatives told Dnevnik. The global economic doldrum has dampened demand and frozen prices on the property market, where some segments are even seeing downward price... » more

05.12.2008 | Consumer loans, credit cards top Christmas...
Consumer loans and credit cards are the most popular banking products ahead of Christmas, showed a ranking of fincity, a portal for financial services and information. Euro-denominated loans continued to lure more customers than local-currency loans, according to the website.... » more

04.12.2008 | Sofia property mkt slides 18% y/y Q3’08
Property deals in the Bulgarian capital slumped by 18% year-on-year in the third quarter of the year compared to a year ago, showed data of the Registry Agency. The downtrend began in the second quarter but the 13% year-on-year rise in the first stemmed the slide to some 4%... » more

03.12.2008 | Bulgaria's New Largest Shopping Mall to Be...
The new largest shopping mall in Bulgaria - Park Cherno More ("Black Sea Park") - will be built in the city Varna as the ECE Projektmanagement company announced Wednesday it had received a construction permit. The news was announced by the Pari Daily, which points out... » more

02.12.2008 | Average Salary in Romanian Banking System at 800...
The average net salary in the Romanian banking system stands at some RON 3,000 (793.77 euros) and has not changed in the past two years, Business Standard reported, citing data of the National Bank of Romania (NBR). The explanation given by specialists is that most employees... » more

02.12.2008 | Seven firms crowned investors of 2008
The managers of seven domestic and foreign companies were named investors of the year for completing or planning new projects in various sectors. InvestBulgaria Agency, the local investment promotion authority, hands the awards for a third successive year to highlight the key... » more

01.12.2008 | Grand Mall in Varna reaches occupancy of 60%
Grand Mall is currently being developed at Vladislav Varnenchik blvd, Varna. Аccording to the exclusive leasing consultants, Colliers International in Bulgaria, the occupancy has already reached 60%.One of the last agreements has been signed with the Inditex Group, one of the... » more

27.11.2008 | Average Rental Yield In Bulgaria Declines
Property prices in Bulgaria are rising faster than rent rates, which is bringing rental yields down. Gross rental yield was at 5.87% at the beginning of July. At the moment it is down to 4.62% (for medium size properties in Sofia).This ranks Bulgaria 44th among 69 countries... » more

27.11.2008 | First Solar Power Plant to Generate 1,250 MWh...
The first solar power plant in Bulgaria will generate a minimum of 1,250 MWh of electricity annually. The design of the plant was presented at the BTA National Press Club Wednesday by the building contractor SunService and the consultant, the German company IBC Solar. The owner... » more

26.11.2008 | Home prices in record decline
The home price plunge stayed on a record pace this summer, according to a widely watched gauge of national real-estate markets released Tuesday.The S&P Case-Shiller Home Price national index recorded a 16.6% decline in the third quarter compared with the same period a year... » more

25.11.2008 | Crisis Puts Bucharest's Sunset Residences on Hold
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