Latest News

13.09.2007 BULGARIAN-GREEK COMPANY TO BUILD WIND PARK ON DANUBE RIVER

en.dnevnik.bg

A BulgarianGreek joint venture has announced plans for the construction of a 500MW wind park in Bulgaria's Gulyantsi municipality, on the Danube. The investment project was submitted by the GP Energy company for approval to the local authorities last week. The project will also have to be reviewed by the regional environment and waters directorate based in Pleven.

The 2.0 ha park will consist of 25 wind-powered generators deployed in the area of the Somovit and Dolni Vit villages and a further 35 generators installed near the villages of Gigen and Iskar, all in the Pleven region. The electricity output will be sold to national power grid operator NEK at 9 euro cents/kWh without taxes.

Gulyantsi mayor Violin Ivanov said several companies have indicated their interest in harnessing the power of the wind in the area. Three wind turbines are already in operation near Somovit. They were installed by Lovech-based company Velga which plans to add a few more turbines next year.

A Sofia-based company will build a second wind farm near Somovit, said Ivanov, withholding the name of the investor.

Yet another investor is in the process of acquiring private land plots in the Somovit area suitable for wind power generation.

Some 100 wind turbines have been installed across Bulgaria in the past two years. Over 90% of the facilities have been deployed by non-energy companies.

Properties for sale in the area

  Read more news
LATEST REGIONAL NEWS
Varna Airport to Have New Terminal

21/June/2011
pochivka.com

A new terminal is planned to be constructed at Varna Airport at the end of the summer. It will be built by the concessionaire of Varna Airport and the terminal will cost 30 million Euro.

The aim of the construction of the new building is to offer more amenities to the passengers, modern systems for luggage servicing, commercial areas and a fun zone. The interior of the terminal wil... read more

Read our market analyses and forecasts!
Take a viewing trip around the properties with the help of our video clips!
Browse our best bargain offers in Sofia city
Latest News
The real estate market in Sofia in 3Q 2011

27/October/2011
Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES

The property market in the capital Sofia was one of the first local markets in Bulgaria to react to the trend of an increase in sales as early as in the beginning of 2011. After the strong start of the year we witnessed a slowdown in sales during the summer months and although the concluded deals were more compared to the same period last year this growth was very small, based on BULGARIAN PROPERT... read more

LATEST REGIONAL NEWS
Lovech’s Litex Motors Manufacture First Car

18/November/2011
www.jobs.bg/hc

Litex Motors’ team of young engineers manufactured the first Great Wall car from the test production in the company’s factory near the town of Lovech. The car is Great Wall Voleex C10.

Thus Litex Motors begins testing and synchronizing the equipment and the production lines in the factory and introducing the system of quality of the manufactured cars. The qualified staff in the fact... read more

DID YOU KNOW?
Bulgaria Among the World’s 8 Most Distressed Property Markets

09/December/2011
www.ipsbmv.com

What do the distressed markets mean for the property investor? In a nutshell it means low prices and banks turning their attention from the developers to those who can actually afford to buy property from them. This means some fantastic mortgage deals in excess of 100% LTV in some areas and unbelieva... read more

Offers from our partners