 Photo: stroitelstvo.info |
16:28 Mon 28 Jul 2008 - Svetlana Guineva A new holiday resort Kostina will be built in the mountain village of Ribaritsa, located near Teteven city, Stroitelstvo gradut weekly reported. The resort will be situated on a land plot of 5000 sq m, and will feature 13 units of three different sizes for the total investment of 1.5 million euro. Investor and developer of the project is Tenbul Ltd, whose owner Ivan Marinov has lived and worked in Spain for the past read more  |
13:51 Mon 28 Jul 2008 - Svetlana Guineva Data gathered by the Bulgarian State Agency for Tourism (SAT) indicated that three to four hotels on the Black Sea coast were filing for bankruptcy every week. read more 11:49 Wed 16 Jul 2008 - dnevnik.bg International hotel chain Riu Hotels & Resorts will take over at the Pravets Golf & Spa resort in Pravets, north-western Bulgaria, Terra Tour Service, the investor in the project, said.
Riu has signed on to run a hotel with more than 200 rooms in the resort for a period of five years. The 70 million leva complex, which has an 18-hole golf course, among other facilities, has an area of 100 ha and should open for business by the autumn of 2009. read more 16:12 Tue 15 Jul 2008 - dnevnik.bg GHM, the owner and manager of a hotel portfolio of highly regarded properties such as The Datai and The Setai, said it would open a hotel in Bulgaira under its upscale brand Chedi. The local Chedi hotel will be part of the Thracian Cliffs golf resort near Kavarna on the Black Sea, resort manager Josef Halbherr said.
read more 11:40 Tue 17 Jun 2008 - Rene Beekman Irish low-cost airliner Aer Lingus announced it would start a new twice weekly service between Dublin and Sofia for its winter 2008 schedule, along with new services to Hamburg, Newcastle,Salzburg and Agadir . In addition, the company will increase the frequency of flights to a number of other European destinations, a company media statement said.
read more 19:33 Sun 15 Jun 2008 - Svetlana Guineva Resort operator Albena AD would stop construction work in the Black Sea resort with the same name in the upcoming several years, Dnevnik daily reported, quoting CEO Krassimir Stanev.
The decision, made during a shareholders meeting held on June 14, was provoked by the fact that many of the hotels in the resort needed to be torn down as being outdated and architecturally unattractive, Stanev was quoted as saying. read more 20:05 Wed 04 Jun 2008 - Elena Koinova Albena, the operator of the eponymous resort, turned the first sod to Rila Estate, a gated residential community in the Byalata Lagouna (White Lagoon) resort, the company’s spokesperson Yovka Strashilova told Dnevnik daily.
Byalata Lagouna, a resort adjoining Balchik, on the northern Black Sea, is known for its mineral thermal springs and curative mud. read more 18:51 Wed 14 May 2008 - www.sofiaecho.com Bulgaria was among the top 10 budget destinations for summer vacations in 2008, according to US travel writer Pauline Frommer.
Frommer's recommendations range "from romantic getaway spots to family faves to exotic destinations for adventurous travelers", she said in a media statement.
read more 16:49 Sat 10 May 2008 - Alex Bivol Poor infrastructure, polluted beaches, low standards of construction, noisy building sites, poor service and bankruptcies will put Bulgaria's Black Sea resorts under pressure this summer, British newspaper The Telegraph reported on May 9. read more 14:44 Fri 09 May 2008 - Elena Koinova Bulgaria’s first hotel chain Grifid Hotels has announced plans to add at least two other hotels to its existing two, owner Grigor Fidanov said, as quoted by Dnevnik daily on May 9.
Currently, the chain comprises Arabela and Bolero four-star hotels with combined capacity of 1190 beds. Both are in the Golden Sands resort, on Bulgaria's northern Black Sea coastline. The company has been in talks to purchase another hotel in the vicinity to create a hotel complex. read more 14:13 Mon 14 Apr 2008 - Elitsa Savova The new summer tourist season in Bulgaria might start with most of the beaches in its Black Sea resorts without managers, because it was unclear who would be authorised to call the concession tenders and under what conditions, Dnevnik daily reported on April 14 2008. read more 13:36 Mon 14 Apr 2008 - Elitsa Savova The summer tourist season would be officially opened on May 9, State Agency for Tourism head Anelia Kroushkova said on April 14. read more 16:30 Wed 09 Apr 2008 - Elena Koinova A Bulgarian hotel has earned the recommendation of Forbes, the US business magazine addressing affluent readers. In its section on Eastern Europe's extravagant getaways, the magazine features Yastrebets Wellness & Spa hotel in Borovets winter resort. read more 11:53 Wed 09 Apr 2008 - Elena Koinova Kozloduy nuclear power plant will build a villa community in the Black Sea village of Kranevo, Dnevnik daily reported on April 9. The company already called a public procurement to design and build the community. read more 15:15 Fri 04 Apr 2008 - Elena Koinova The tourism strategy is finalised and is now being discussed by the Bulgarian Ministry of Environment and Water Affairs, the head of the State Tourism Agency Anelia Kroushkova told a news conference, as quoted by Dnevnik daily. read more 17:23 Thu 03 Apr 2008 The number of property transactions in 2008 is expected to decline due to the withdrawal of British and Irish customers, who used to fuel the market’s development in the last several years, and the logical downswing of the business cycle curve, Foros real estate company manager Dobromir Ganev told a news conference on April 3.
read more 13:15 Thu 03 Apr 2008 About 10 000 Romanian tourists are expected to flood to Bulgaria’s northern Black Sea coast during the Orthodox Easter holidays. Easter Sunday, April 27 this year, and the next day are a public holiday in both Romania and Bulgaria, Standart daily reported.
read more 10:03 Thu 03 Apr 2008 After a five-hour discussion on April 2, the interdepartmental committee of the Ministry of Environment and Water Affairs (MOEW) turned down the environmental assessment of the amendments of Tsarevo municipality master plan for re-design read more 12:40 Wed 02 Apr 2008 Bulgarian resorts ranked at the bottom of the price lists of British tour operators, Krassimir Stanev, executive director of Albena Jsc, said at a news conference, Dnevnik daily reported. That is not, however, where Albena wants to be.
read more 13:04 Tue 01 Apr 2008 Albena holding company will pour 50 million leva this year in increasing bed capacity and modernising hotel complexes in Albena resort, according to the company management’s plans, published in its corporate report for 2007 and quoted by Dnevnik daily.
read more 12:15 Tue 01 Apr 2008 Middle-aged Bulgarians have embraced the philosophy of healthy living and recreation, increasingly opting for spa-resort vacations, according to the monthly survey of the tourist website travel.bg.
read more 15:32 Mon 31 Mar 2008 The resort village of Kamchiya, located 28 km southward from Varna, will attract significant investment to the tune of between 200 and 250 million euro over the next two or three years, Avren municipality mayor Krassimir Todorov said, as quoted by Bulgarian news agency (BTA).
read more 15:16 Mon 31 Mar 2008 The first group of 74 foreign tourists for the new summer season arrived at Bourgas airport aboard a low-cost Sterling airlines plane from Copenhagen on March 30, Bourgas city hall said in a statement.
read more 17:04 Wed 26 Mar 2008 Shabla’s municipal council has granted land for the development of three golf courses, dobrichmedia.com reported. Construction has not started yet, as authorities are presently working out project details.
read more 15:50 Wed 26 Mar 2008 About four million leva is needed for the development of a fisherman’s village in Balchik, municipality officials said upon emerging from a meeting with local fishermen, representatives of the sea club, municipal councillors and the mayor’s team on discussing the project. read more 15:33 Wed 26 Mar 2008 The 100 million euro Azur del Mar holiday project on Cape Kaliakra is unlikely to come into fruition, citybuild.bg reported. The developer Kaliakra Invest Ltd suspended continuation due to the expiry of its legally prescribed period read more 10:45 Tue 25 Mar 2008 A new spa complex, worth 2.5 million leva (1.2 million euro), will be developed in the town of Kyustendil this year, mayor Petar Paunov said, as quoted by local dailyVyara on March 25.
read more 12:52 Mon 24 Mar 2008 Karlovo mayor Naiden Naidenov and a number of municipal councillors are trying to delay businessman Hristo Kovachki’s project for the development of the town of Banya as a tourist destination, by insisting on his clarifying the origin and the volume of the investment, Dnevnik daily reported on March 24.
read more 15:32 Tue 18 Mar 2008 - Anelia Zaharieva Bourgas firm On Time won the concession for Central Beach, one of the city's three beaches. The company will manage the seaside stripe for a period of 15 years. read more 15:02 Mon 17 Mar 2008 The number of trips made by Bulgarians abroad increased by eight per cent year-on-year in 2007, to a total of 4.514 million, according to provision data from the National Statistics Institute. read more 14:00 Mon 17 Mar 2008 Construction in the coastal resort of Sunny Beach (Slunchev Bryag) and the nearby tourist settlements “cannot and will not” stop before mid-May, Nessebur mayor Nikolai Dimitrov said, as quoted by Dnevnik daily.
read more 13:02 Mon 17 Mar 2008 - Anelia Zaharieva The number of accommodation facilities in Bulgaria has doubled to 3 300 over the past two years, data of the National Statistical Institute for 2007 showed.
read more 12:07 Thu 13 Mar 2008 - Desislava Leshtarska Bulgaria's first eco-hotel, in line with the relevant EU standards, would open no earlier than 2009, Denimila Dencheva, senior expert with the Ministry of Environment and Water Affairs, told the Ecohotel conference held in Sofia.
There were number of tourism facilities in Bulgaria that put the word “eco”, when describing the services they offer. Some of them have acquired various certificates, while others use the symbol without any authorisation, Dnevnik daily reported on March 13. read more 10:49 Wed 12 Mar 2008 - Desislava Leshtarska People who want to enjoy reduced living costs could find Bulgaria a suitable place to live, international property portal propertyshowrooms.com reported.
The cost of food and drink in places such as Sofia is much less than in many other European countries, it said, quoting a Teletext Holidays tourism company research.
Low cost of living would be of interest to anyone who planned to buy property in Bulgaria, suggesting that the location offered good value for money. read more 11:38 Tue 11 Mar 2008 - Desislava Leshtarska Germans are once again starting to book Bulgarian holidays after a two-year withdrawal, Dnevnik daily reported on March 11. The positive signals came from the last week's International Tourism Bourse (ITB), the annual business-to-business industry event, the daily claimed.
Industry experts said German bookings in Bulgaria should see a five-per-cent increase this year to around 400 000 in 2008. Statistics from Bourgas and Varna airports on the Black Sea showed that 390 000 German tourists came to the country on trips arranged by tour operators and that is considered the official figure, but the total number of Germans that landed in the two airports was 600 000. read more 18:18 Mon 10 Mar 2008 - Anelia Zaharieva The last charters of British and Irish tourists for 2007 winter season will arrive at Pamporovo resort on March 23 and April 1, Pamporovo ski school representatives said, as reported by Bulgarian news agency (BTA).
read more 16:32 Mon 10 Mar 2008 - Anelia Zaharieva Terra Tour Services, a subsidiary of Agrohold JSC, will invest 71.8 million leva in Pravets Golf & Spa Club, to be located near the town of Pravets, some 50km north-eastern of Sofia, profit.bg reported on March 10.
read more 16:26 Mon 10 Mar 2008 - Anelia Zaharieva Bulgaria is the best value-for-money summer holiday destinations for UK citizens, according to this year’s Best Value Breaks survey by Teletext Holidays and reported by the British newspaper The Sun. The country ranks highly because of cheap flights and accommodation. Morocco was the second best destination.
read more 14:56 Mon 10 Mar 2008 - Anelia Zaharieva Property prices in Bulgaria’s southern town of Melnik and in neighbouring areas have soared due to the increased interest in the wine-growing region, Standart daily wrote on March 10. read more 17:38 Fri 07 Mar 2008 - Anelia Zaharieva Banya Golf and SPA Resort Jsc (BGSR), controlled by Bulgaria’s energy tycoon Hristo Kovachki, has recently deposited its full contribution due to the joint enterprise with Karlovo municipality, which will realise Banya golf resort project, Nikolai Petkov, chairman of Karlovo municipal council, said, as quoted by expert.bg. read more 13:53 Thu 06 Mar 2008 In their search of high yields and satisfactory capital raise, entrepreneurs have set their sights on quite out-of-the ordinary destinations like the districts surrounding Mongolia's copper mines or western Canada's oil reserves, as the newer investment areas such as Cape Verde, Morocco and Bulgaria have started to overheat, a recent Financial Times (FT) report says. read more 17:40 Tue 04 Mar 2008 - Desislava Leshtarska Low cost international carriers are facing little competition from equivalent Bulgarian carriers, Pari daily reported on March 4. stablished low-cost airlines on the Bulgarian aviation market, such as Sky Europe and Wizz Air, are increasing the frequency of flights to Sofia and Bulgaria's Black Sea resorts. read more 13:18 Tue 04 Mar 2008 - Anelia Zaharieva Foreign interest in holiday properties in Rousse region has stalled because prices have soared immensely and available properties have lost their attractiveness, with the market is suffering a lack of retail space in Rousse’s downtown, investor.bg reported on March 4 2008.
Plots designated for construction of holiday houses command similar values in neighbouring municipalities read more 12:41 Tue 04 Mar 2008 - Anelia Zaharieva Bulgaria's property market has been on the rise over the last few years, with real estate prices rising by 30.6 per cent in 2007, but their growth is expected to continue at a more moderate pace this year, home and property portal homemove.co.uk said on March 3. The region has a significant potential, particularly in commercial and industrial areas sector read more 11:38 Tue 04 Mar 2008 - Desislava Leshtarska The Irish Sunday Tribune newspaper has ranked Bulgarian ski resort Borovets 6th in its Top 10 of the most lucrative property locations, Dnevnik daily reported on March 4. The list is topped by the world's fastest growing city, Dubai. Also on the list (in that order) are Ibiza, Poznan, Toulouse, Geneva, Orlando, London, Hurghada and Portugal's Silver Coast. read more 11:46 Fri 29 Feb 2008 - Desislava Leshtarska Turkish hotel chain Dedeman Hotels&Resorts International will take over the management of two Bulgarian hotels, owned by Turkish businessman Sudi Ozkan, Dnevnik daily reported on February 29. The hotel operator has already placed job ads to fill available vacancies in Bulgarian papers.
Dedeman will take over the Ozkan hotels - the 200-room Trimontsium Princess in Plovdiv and the 600-room Sofia Princess in the Bulgarian capital, in early March. The Turkish operator intends to invest in upgrading the two hotels which are currently rated at four stars.
read more 12:52 Wed 27 Feb 2008 Bulgaria, Turkey and France are the three countries set to see the biggest growth in demand among overseas property investors, a new survey has found.
Fly2let.co.uk reports that the NatWest International Personal Banking League of Buying Abroad found that 75 per cent of mortgage brokers expect to see an increase in the number of people looking to buy in Bulgaria in the next three years.
Turkey (56 per cent) and France (46 per cent) are also expected to see a rise in demand, it was found. read more 17:51 Tue 26 Feb 2008 - Anelia Zaharieva Bulgaria, Turkey and France are the three countries set to see the biggest growth in demand among overseas property investors, a new survey has found.
Fly2let.co.uk reports that the NatWest International Personal Banking League of Buying Abroad found that 75 per cent of mortgage brokers expect to see an increase in the number of people looking to buy in Bulgaria in the next three years.
Turkey (56 per cent) and France (46 per cent) are also expected to see a rise in demand, it was found. read more 15:21 Mon 25 Feb 2008 - Anelia Zaharieva British and Irish buyers are withdrawing from the Bulgarian holiday market. And Russians and Scandinavians are likely to replace them, said Martin Gikov, Real Estate Management Director with UniCredit Bulbank at a news conference about the Bulgarian property sector.
Foreigners accounted for about 30 per cent of transactions in residential developments last year. Their share, however, is decreasing for a number of reasons, Gikov commented.
Irish and British customers, who have so far formed the core of holiday property buyers, reduced their activity following the global credit squeeze. They've also been deterred by low yields on seaside developments. Traditionally, British and Irish seaside property purchases are driven by speculative purposes. Initially they were tempted by the developers’ promises of high returns in the 10 per cent range.
read more 14:22 Mon 25 Feb 2008 The massive overdevelopment of Bulgaria's Black Sea coast continues. The new law, which came into force at the beginning of the year to regulate construction in the area, seems to do nothing much to limit the worrying trend.
Local media in Burgas alarmed that the building of a five-story hotel began on the beach near the ancient town of Sozopol, north of the resort Tsarevo on February 21. They argue that the construction site is illegal as it falls in a zone protected under the EU's Natura 2000 network. read more 14:32 Fri 22 Feb 2008 - Desislava Leshtarska The new mayor of the town of Sozopol on Bulgaria's Black Sea has presented the amendments to the urban zoning plan, which would see 10km of coastline between Sozopol and Chernomorets built up into a an upgraded luxury version of of Sunny Beach resort, Dnevnik daily reports.
Panayot Reizi, elected in November 2007, and new chief architect Roumen Aleksandrov announced plans for the construction of of beachfront villas, an aqua park, three golf courses and a small runway for charter planes. The proposed developments have been included in the revised general zoning plan of the city of Sozopol and would be presented to the municipal council within the next two weeks. read more 11:30 Fri 22 Feb 2008 - Desislava Leshtarska The number of tourists in globally is expected to triple in the coming 20 years, Veselin Vulchev, aide to Bulgaria's Foreign Minister Ivaylo Kalfin, said at a round table for the leaders of South East Europe countries' tourism authorities on February 21 2008.
The round table on the subjects of history, culture and tourism was a part of the events accompanying Holiday&Spa tourism exhibition that opened on the same day in Sofia. read more 11:00 Fri 22 Feb 2008 Three Balkan countries, Bulgaria, Croatia and Albania, offer some of the most exceptional attractions in Eastern European, according to Forbes.com.
The website's travel section highlights ten spots, including natural and architectural landmarks, worth seeing throughout the region. It notes that the "recent strength of the euro and a number of countries' easing of visa requirements have drawn tourist interest to Eastern Europe - in search of architecturally, historically and culturally significant sights that for years had been practically overlooked".
Forbes's choice in Bulgaria is Nebet Tepe, one of the three hills that tower over Plovdiv, one of Bulgaria's largest cities. Reaching 203 metres in height, it overlooks the Old Town, with its Revivalist period architecture, and features the remains of a Thracian fortress - built in the third century BC - as well as Roman city walls. read more 17:58 Thu 21 Feb 2008 - Desislava Leshtarska The 25th anniversary edition of the Holiday&Spa fair, organised by Prim Expo in co-operation with the State Agency for Tourism, opened on February 21 2008 in Sofia.
The exhibition, running until February 23, featured more than 240 tour operators and tourist agencies, state and branch organisations, regional and local tourism councils, spa and fitness equipment companies from countries such as Bulgaria, Greece, Turkey, Spain, Italy, Austria, Macedonia, England, Cyprus, Croatia, Egypt, Thailand and others. read more 16:24 Thu 21 Feb 2008 - Anelia Zaharieva Around 440 000 British tourists visited Bulgaria in 2007, the UK Ambassador to Bulgaria Steve Williams said at a meeting with Varna mayor Kiril Yordanov on February 19.
He added that the British "colony" in Bulgaria is increasing all the time, although he has no statistics for their exact number. According to the diplomat, they may number about a thousand. Ambassador Williams added that many Britons own properties in Bulgaria but do not live permanently in the country. read more 09:53 Thu 21 Feb 2008 - Dessislava Leshtarska Local authorities would invest 28 million leva in the construction of a spa centre and three recreational centres in the village of Kroushouna, in Lovech region in northern Bulgaria, the mayor of Letnitsa municipality Krassimir Djonev said, as quoted by expert.bg.
The village of Kroushouna has become a popular alternative tourism destination for the with the Vodopada (Waterfall) cave, which resembles a water labyrinth, just 800m south of the village.
read more 12:05 Wed 20 Feb 2008 - Anelia Zaharieva In an attempt to attract affluent tourists, local business people have opted for luxury construction at certain destinations along the northern coastline, which have not yet suffered the consequences of over-construction, Standart daily reported. These are some of the projects under development:
** July Morning, a seaside resort, which will spread over 95 000 sq m of beach-front sea land, situated next to Kavarna. This will deliver about 400 apartments. Construction is expected to start in spring. The investor is Bulgarian Land Development, headed by Dimitur Spasov.
read more 11:30 Wed 20 Feb 2008 - Anelia Zaharieva Ehotels, a new Bulgarian chain managed by Ambassador Tour company, presented its hotel portfolio on February 19 2008. The hotels and Ambassador Tours are both owned by Bourgas-based construction holding PONS.
The chain now operates four hotels -- Snezhanka in Pamporovo resort, Perla in Slunchev Bryag (Sunny Beach), Diva in Chiflik village and Rodopski dom (Rhodopi home) in Chepelare. Another two will be associated soon: Knyaz Pavel in Pavel Banya in autumn 2008 and the newly-built Andromeda in Sunny Beach, expected join Ehotels in the summer. Their managers are now negotiating the accession terms. read more 15:14 Tue 19 Feb 2008 German business has professed an interest in the development of Bansko, said the German ambassador to Bulgaria, Michael Gayer, during his visit to the resort town. read more 15:12 Tue 19 Feb 2008 - Anelia Zaharieva The British construction company RilaDev and the Bulgarian Tempo will develop a 25 million euro resort compound on a 16 000 sq m plot near the village of Banya. The future Pirinea Complex will have a gross actual area of 44 000 sq m and will embrace a five-building residential section, housing 147 apartments, a four-star hotel with underground parking, conference and business centre read more 15:02 Tue 19 Feb 2008 - Dimitrichka Haralambieva The owners of some hotels on the Bulgarian Black Sea coast are revamping them into holiday home properties as concerns mount about the outlook for domestic real estate investments. The trend is especially evident in the coastal resort of Golden Sands, said local realtors.
read more 10:58 Tue 19 Feb 2008 - Anelia Zaharieva Currently, there are several entrepreneurs who continue building in Zlatni pyassutsi (Golden Sands) and St Constantine and Elena resorts, near Varna. New construction embraces primarily SPA centres and apartment complexes on the site of former state or factory-owned recreational compounds. read more 09:30 Tue 19 Feb 2008 - Anelia Zaharieva After Sluntchev Bryag (Sunny Beach)'s beach-front was tightly built-up and plots near Bourgas-Sofia thoroughfare were burrowed for construction, building works in Sluntchev Bryag seem to have abated, Standart daily reports. Unlike in previous years, when the dawn of spring marked the start of works and the whole resort was turned into a construction site, heavy building equipment is now less prominent. read more 16:08 Mon 18 Feb 2008 "Golf tourism is extremely important for attracting more affluent tourists," says Kuncho Stoychev, an investor in Black Sea Rama golf course near Balchik, which is expected to open in June. "If an average tourist usually spends about 50-100 euro (750-150 dollars) a day, a golfer might spend 400-500 euros," he adds. read more 14:17 Tue 22 Apr 2008 - Rene Beekman The Balchik municipality has expressed interest in buying back the plot of land on which the remains of the ancient temple of Kibela (the ancient goddess Cybele) had been discovered. A buy-back however, would take a significant chunk out of the municipal budget, Bulgarian news agency (BTA) quoted Balchik mayor Nikolai Angelov as saying. read more
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| BNB Fixing 06 Aug 2008 |  | EUR | 1.5487 | USD |  | | EUR | 0.7921 | GBP |  | | USD | 0.6452 | EUR | | | GBP | 1.2625 | EUR | | | EUR | 1.95583 | BGN |  | | USD | 1.26289 | BGN | | | GBP | 2.46683 | BGN | |
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