REGIONAL NEWS

21.01.2011 Japan Planning to Build Huge Solar Park in Yambol, Bulgaria

BULGARIAN PROPERTIES

Japanese Toshiba and the Tokyo Electric Power Company are to receive the support of the Japanese government to build one of the biggest solar power plants in the world in Bulgaria. The power plant is to be built in the Bulgarian town of Yambol by March 2012 and it will cost over 100 billion Japanese yen (1.2 billion USD), AFP reports. Information about the project was announced last August but according to the perimeters announced then the power station was a lot smaller.

As a EU member state Bulgaria must increase the number of its renewable energy sources fast in order to decrease its carbon dioxide emissions. With the aid of the Japanese technology Bulgaria’s target is to ensure 16% of its electricity consumption from renewable energy sources compared to the present 7%.

The power plant will start with a capacity of about 50 MW as it will be constantly increased to reaching 250 MW in 5 years.

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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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Latest News
Annual analysis of the Bulgarian real estate market: optimism and more deals on the background of a continuing property price drop

30/January/2012
Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES

The economic recovery and the economic growth that started at the end of 2010 brought optimism and helped the Bulgarian real estate market make the first tentative steps towards a recovery from the crisis in the first half of 2011. This was backed up by the slowdown of the price decrease, the increase in the number of property deals and the lower interest rates under mortgage loans.

... read more

LATEST REGIONAL NEWS
Varna Airport opens after renovation

29/February/2012
BULGARIAN PROPERTIES

Varna Airport is announced to open on 29.02.2012 and it is ready to welcome guests and tourists from various destinations. The airport will renew operations after it was closed for a few months for renovation.

The project of Fraport Twin Star Airport Management for renovation of the airport pistes, in which the company invested nearly 40 million BGN, sgarted on 15th Oct, 2011. The ... read more

DID YOU KNOW?
The real estate markets in Greece, Romania and Bulgaria

21/February/2012
www.setimes.com, 20.02.2012

Central Athens homeowner Mary Parisi's tale is all too familiar these days. "I've been trying to sell my house for the past year," Parisi, owner of a five-year-old 90 square metre flat, told SETimes.

No one, it seems, is ready to take the plunge. "I've placed ads in all major papers a... read more

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