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Bulgaria golf course
Bulgarian construction firm Balkanstroy will invest 240 million levs ($156.8 million) over the next three years to build a golf and ski complex in the Balkan country, the Investment Agency said yesterday. The company plans to build new ski tracks with lifts, spa hotels and a golf course at the foot of Pirin Mountain, in southwestern Bulgaria. Balkanstroy will secure the financing through its own funds, the agency said. Investors are rushing to join in a boom for real estate deals in Bulgaria, mainly building holiday resorts at its Black Sea coast and mountains, betting on an expected rise in tourists as the country becomes an EU member next January. Sofia sees foreign direct investment, mainly in real estate, at a record 3.0 billion euros ($3.8 billion) this year. (Reuters)
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