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29.06.2007 WORLD BANK LENDS BULGARIA EUR 90 M FOR TRANSPORT INFRASTRUCTURE UPGRADES

novinite.com

World Bank's board of directors approved EUR 90 M in funding for a project to upgrade transport infrastructure in Bulgaria, the institution said on Wednesday.

The funds will be used to rehabilitate first, second and third class roads with total a length of 450 kilometres.

Part of the money will be invested in buying new equipment and improving the capacity of Bulgarian institutions to use available resources more effectively.

The loan, which has 17-year-long maturity, will help improve road security and decrease the number of the accidents in the country.

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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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Small, "fast moving" buildings replacе large projects

18/August/2011
Capital newspaper

New construction in Sofia continues to decrease and started buildings have less apartments, housing statistics reports quarter after quarter. Recently built brick mastodons are replaced by small buildings with one or two entrances and 10-15 apartments.

The reasons are different – there are no buyers, entrepreneurs do not want to risk and at present banks do not tend to finance larg... read more

LATEST REGIONAL NEWS
Welcome to Bansko Jazz Fest 2011

21/July/2011
BULGARIAN PROPERTIES

The 14th edition of the ever popular International Jazz Festival in Bansko – Bansko Jazz Fest - will take place between August 8th and August 13th in the resort of Bansko, like every year since its founding in 1998. Bansko Jazz Fest is the biggest summer music festival in Bulgaria. Its great popularity among musicians and fans from all over the world has turned it into one of the most important cu... read more

DID YOU KNOW?
Bulgarian property values 'down significantly'

20/March/2012
www.propertyshowrooms.com, 19 March 2012, excerpt

The value of real estate in Bulgaria has fallen by approximately 50 per cent since its peak in 2008, with both ski and beach resorts hit the hardest by the downturn in the market.

This is according to chief operations manager of Bulgarian Properties Polina Stoykova, who explained that,... read more

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