Call
Send Email
Messenger
WhatsApp
SWEDISH AND BULGARIANS TO SET UP FLOATING HOTELS
Varna’s unit of military plant Terem will carry out joint Bulgarian-Swedish project for the construction of floating casinos, islands and hotels, as well as parts for space shuttles, Bulgaria’s Defense Minister Vesselin Bliznakov said.
Curently Terem’s plant in Varna produces marine arsenal, Dnevnik newspaper reported.
Bulgaria will take non-monetary part in the project, it will provide the field. The Swedish partner will be Oceanic Creations which possesses the rights over a technology for the building of floating constructions from a special material.
Bliznakov said that 60 million euro would be invested in the project. It was Sweden’s biggest investment in Bulgaria, which would lay foundation for an intense economic co-operation.
The project would open 1000 new work places, Bliznakov said.
The partners would register their joint company next week, Bliznakov said.
At the beginning Bulgarian experts would be trained in Sweden. Later the equipment will be delivered to Terem plant in Varna.
Swedish company chose Bulgaria as a partner because of the inexpensive labour, Bliznakov said.
Learn more about life and buying property in Varna
Read more news
More News
After a rapid increase in house prices in these cities, we are seeing a slight slowdown in growth rates by between 2 and 5 percentage points compared to those of the end of last year.
The fastest price growth continues in Varna, where growth accelerated only after mid-2022 and currently remains at levels close to 20%, while in Plovdiv and Burgas we report an annual growth of around...
2024 kicked off with a dynamic property market in Bulgaria, and this activity was sustained throughout the first quarter, making it one of the strongest quarters in housing market history. This was confirmed by data from the Registry Agency, which showed an increase in sales volumes in the country's leading markets.
This year, the market switched into a higher gear. T...
Spring is here, bringing new opportunities in the real estate market!
March was a month full of property transactions, reinforcing market activity and allowing us to successfully conclude the first quarter of the year. We witnessed significant movement not only in the major cities but also in our favorite seaside and ski resorts. Additionally, the season for buying rural houses is i...
We are proud to announce the opening of our new office in the city of Dupnitsa, located at Knyaz Boris I Street, No. 1, Floor 1.
This strategic move is part of our mission to be as close as possible to our customers and to provide high quality local service for both buyers and sellers.
In our new office, clients will be able to take advantage of the ful...
