The
scheme under which the Bank Deposit Insurance Fund operates will be
probably radically changed as early as this year. As the bank sector
considerably changed its appearance after the introduction of the new
capital adequacy requirements, widely known as Basel II, it's only
logical that the ...

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Project Natura 2000 in Bulgaria

Natura 2000 is a strategy for the establishment of a European Ecological Network, developed on the basis of recommendations provided by Mr. David Prichard, an expert in international legislation at the Royal Society for the Protection of Birds in Great Britain also included in the European Union Directives and other international agreements for protection of endangered species and habitats.

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Cyprus and Bulgaria ranked top for buying abroad

Cyprus and Bulgaria have been rated as the best places to buy a property abroad in 2006.


At the same time property investment firm Assetz has warned investors off Spain, Florida and South Africa.

Stuart Law, managing director of Assetz, said today that southern Cyprus had more going for it than almost any other area of the world.

"The complete ...

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5.5 BILLION EURO INVESTED IN BULGARIA’S INFRASTRUCTURE PROJECTS

Bulgaria will invest 5.5 billion euro in infrastructure projects by the end of its mandate in 2009, Regional Development and Public Works Minister Assen Gagauzov said. The investment was included in the national strategy for integrated development of infrastructure from 2006 to 2015, Bulgarian news agency BTA said. Preliminary data showed that construction sector formed more than six per cent of ...

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15.03.2007 LATVIA AND BULGARIA’S PROPERTY MARKETS SHOW GROWTH POTENTIAL

Bulgaria and Latvia are among the destinations pointed as the next big thing in the property investment market. UK’s advice website BuyAssociation spokesman Paul Collins told Real Estate TV that these destinations offered the best potential returns in longer term. Economic and tourism growth potential in Bulgaria and Latvia was "at a steady but assured pace".

Collins said that many ...

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DID YOU KNOW?

Deals with office and trade sites in 2006 represented 83 per cent of all investment in real estate in Bulgaria, a report of international consultancy company CB Richard Ellis showed.

The total volume of major real estate investment deals in 2006 amounted to nearly 600 million euro, which is double the funds invested in real estate in 2005, Capital weekly reported.


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14.03.2007 RUSSIANS BUY OUT ESTATES IN BANSKO

Wealthy Russians are the most active buyers of real estates in Bansko winter resort, southern Bulgaria, and in Borovets ski resort, some 60 kilometers away from Sofia. The Russians show stronger interest in purchases of realties in Bulgaria's winter resorts than Englishmen and Irishmen.

Greeks also start buying estates in Bulgaria's winter resorts as they form about 10% of the ...

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12.03.2007 NUMBER OF VACATION VILLAGES CLOSE TO BULGARIA’S PAMPOROVO UP

The Pamporovo region is experiencing construction boom and the number of vacation villages there went up. A Spanish company invested in 24 two-storey houses in the region of Gorno Kremenovo, Monitor daily reported. The first 18 houses have already been set up and the village will be completed soon because of the warm weather. Another Spanish company planned the construction of 40 houses. Work ...

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The Coasts Of Tsarevo Attract Building Contractors

The coasts of Tsarevo attract new investors who build holiday settlements and sell apartments to foreigners. The tourist agency that mainly works on the Czech market starts a new project, and a Spanish businessman, who is the President of a big football team, will also build a complex of residences for sale.

The construction of a four-star hotel complex called “Hermes” in Tsarevo ...

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Changes to eco protection, resale and zoning rules stall Bulgarian land market

The transacting of land properties has
been confounded by a set of circumstances since the beginning of the
year, Dnevnik learned from Bulgarian real estate agencies.
One of the reasons for the market standstill the nation's Black Sea and
mountain resorts is the lack of clarity on the designation of protected
sites under the ...

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Sofia Beats Berlin in Real Estates Prices

A square metre of built-up area in
Sofia costs by 200 euro more than in Berlin
Real estates in Sofia sell at higher prices than in Berlin, as seen
from real estates marketing Internet websites in Bulgaria and Germany.
Small flats in Berlin downtown sell at 44,000 euro which is about 800
euro per sqm. A similar flat in Sofia ...

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Berbatov - Hero of the Week in England

Bulgaria's international and
Tottenham's striker, Dimitar Berbatov, was singled out footballer N 1
in England for last week, according to Actim Index - individual ranking
of the players. Moreover to that - Berbatov occupies 3rd place in the
general standing with the strikers after Didier Drogba (Chelsea) and
Wayne Rooney ...

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PAYMENTS IN CASH COME TO LIGHT

COMMISSION FOR COMBATING CORRUPTION PROJECTS RESTRICTIONS FOR CASH
PAYMENTS OF BGN10,0000-PLUS
The idea of limiting grey economy in Bulgaria (huge payments in cash
more specifically) that has already become trite due to multiple
discussions in recent years has at last made its way in Parliament.
Amendments to the law on money ...

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BULGARIA BREAKS LICENSING AND PERMISSION RECORDS

WHITE-COLLAR ARBITRARINESS ENTRAPS
BUSINESS IN 2,000 REGULATIONS
"Excessive care for formalities which harms the essence of work" - this
is the short definition of bureaucracy one can find in the
dictionaries. Unfortunately, it matches ideally the situation in
Bulgaria when it comes to permission and licence regimes. Surveys ...

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07.03.2007 BULGARIA HOME PRICES OUTSTRIP FORECASTS

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01.03.2007 BIRTHPLACE OF MYTHICAL MUSICIAN IN BULGARIA ATTRACTS TOURISTS

The number of tourists who visit the
Rhodope Mountains village of Gela increased significantly since the
village was pronounced to be the birthplace of mythical musician
Orpheus. In March 2005 local authorities put a welcoming sign at the
entrance of the village. The sign said Welcome To Orpheus’ Birthplace.
Local authorities ...

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Bulgaria hopes to join the single European currency, the euro, in 2009

Bulgaria hopes to join the single
European currency, the euro, in 2009, Prime Minister Sergey Stanishev
said Monday.
He made his remarks at a meeting with the visiting head of the European
Central Bank Jean-Claude Trichet, the government press offices said.
"The government is working for Bulgaria's accellerated accession to ...

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Bulgaria Is the 34th Country in the Best Places For Living List

Bulgaria is the 34th country in the
world among those determined as the best places for living – reveals
the latest classification of the American magazine “International
Living”, which was published this week under the title “Index for Life
Quality”. Bulgaria shares that high position in the list of 193
countries with Panama and ...

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Last Year Has Been The Year Of Investments in Kardjali

The funds that have been put to use
for infrastructure sites in Kardjali during the last year amount to BGN
12.461 million. A growth with 32% in comparison to the initially
planned funds has been accounted for the first time. Nearly BGN 9
million has been additionally ensured for the budget. That data were
announced during the ...

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Designs For Nearly BGN 23 Million Are Envisaged For 2007 in Stara Zagora

The investment programme of Stara
Zagora Municipality for the present year includes the construction of
sites at the total amount of BGN 22.774 million. The main source of
financing is the municipal income – from the municipal sites’
privatization and from other municipal activities. BGN 9 million is
envisaged from the ...

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Bulgaria in Top Three Overseas Mortgage Distributors by 2020

Bulgaria will be one of the top three
countries for overseas mortgage distribution by 2020 according to a
study by Alliance & Leicester Mortgages.
The other two countries are Spain and France. The three countries look
like being the hotspots of the future in the European mortgage market,
the study showed.
The Broker ...

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