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24.11.2006 EU - Green Light for Bulgaria to Join in January 2007

The European Commission (EC) has invited Bulgaria to take on rights as a full fledged member on 1 January 2007 (Romania was also accepted). “They deserve a warm welcome”, Enlargement Commissioner Olli Rehn said presenting the monitoring report on Tuesday.
Bulgaria missed out on the first enlargement wave in 2004, but this time the predominant opinion was that we are prepared. The readiness of Bulgaria is a direct result from numerous measures that were taken in order to meet the requirements for membership. The people and authorities made huge efforts so they could become a part of the process of enlargement.
In May 2006 the Commission considered that "Bulgaria should be prepared for EU membership on 1 January 2007. Since then the country has addressed many of the challenges. This has put it into line with prevailing standards and practices within the Union. Bulgaria has carried out an extraordinary reform process and they have gone through a remarkable transformation. Further improvement will be achieved with the help of a mechanism of cooperation and monitoring on the continuous progress achieved by the state, particularly in areas of judiciary reform, fight against corruption and organised crime.
But nobody should make the mistake of thinking that accession means all the country's problems would be solved. It is maybe true that "This is the genuine and final fall of the Berlin Wall for Bulgaria," as Bulgarian Prime Minister Sergei Stanishev said but yet there are a number of areas where further progress is needed. Thus Bulgaria will have to report regularly to the Commission on what further measures are taken.

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LATEST REGIONAL NEWS
More interest in agricultural land in Vidin region

15/November/2011
Focus news, 14.11.2011

The deals with properties in Vidin (Northwestern Bulgaria) are increasing, as for some of the quarters this year the increase is up to 80%. This is what Polina Stoykova – operations manager in a real estate agency – told Radio Focus -Vidin.

This increase is mainly due to the deals with agricultural land, but there are also more deals with apartments, Ms Stoykova explained. The arab... read more

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Prices of homes in Sofia down by 40% since 2008

22/December/2011
Capital Daily, vol.39, 22.12.11, extract

The asking prices of apartments in Sofia dropped by over 40% since their peak in 2008, the analysis of BULGARIAN PROPERTIES shows. For the country the property price decrease is between 5 and 10%, estate agents say. The biggest price fall in 2011 is registered for holiday properties in Bansko – 25%. Contrary to the price drops, the Registry Agency reports that the number of housing deals has incre... read more

LATEST REGIONAL NEWS
China Invests in Agricultural Land in Bulgaria

18/November/2011
after Capital Daily, 18.11.11

The Chinese state company Tianjin Agribusiness Company made its first investment in Bulgaria, the Bulgarian Ministry of Agriculture informed today. The company rented 20,000 decares of land in Bulgaria's Northwestern Region (near the town of Vidin) on which it will grow corn, forage, and sunflower. This is the first stage of the 10 million euro project as the company intends to invest 20 million e... read more

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BULGARIAN PROPERTIES’ Chief Operations Manager: Bulgaria must be promoted abroad well

09/January/2012
Trud Daily, 06.01.12, p.12+13

Polina Stoykova - the Chief Operations Manager of real estate agency BULGARIAN PROPERTIES, comments for Trud Daily the company’s forecast for 2012.

2012 will not be an easy year for the business in general and for the real estate sector in particular. But we have been working in such ... read more

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