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28.02.2007 BULGARIAN-IRISH COMPANY WILL INVEST BGN 100 MILLION IN THE REGION OF SMOLYAN

Nov Jivot Daily, 22nd February 2007

The Devil Bridge near the town of Ardino, Smolyan region
Thirty plots with total area of 260 acres in the region of Bosilkovo, Davidkovo, Zagrajden, Riben dol villages have been bought by a Bulgarian-Irish company. The contractors intend to invest more than BGN 100 million in the construction of summer houses and chalets, spa centre and a small oil refinery to produce essential oils of thyme, juniper, raspberry, black currant.

A couple of Bulgarian companies are interested in building of resort complexes in the region of Zagrajden village. A company from the town of Smolyan plans to invest BGN 2 million in a mini water electric plant on the river of Davidkovska. The construction of holiday complexes near the villages of Riben dol, Starnitsa and Glogino has also been considered.

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www.VisitBulgaria.net

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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

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