Stability Reigns: Sofia Real Estate Market Thrives Despite Uncertain Times
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Bulgaria Real Estate Aims at Impressing Kuwait Investors
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Bulgaria's real estate pavilion in Kuwait was launched Tuesday as part of the international property expo. Photo by Bulgaria's Foreign Ministry
Bulgaria is participating in the international exhibit "Investments and Real Estate 2009" in Kuwait with its own exhibit pavilion.
The news was reported by Bulgaria's Foreign Ministry.
The pavilion was officially opened by the Bulgarian Ambassador to Kuwait, Ilko Shivachev, and the Undersecretary of the Kuwait Ministry of Commerce and Industry, Rashid Al-Tabtabaei.
The expo is organized by the Kuwait Ministry of Commerce and the Kuwait International Fair. Its launch was honored by the Kuwait ruling family, many businessmen, and Kuwaiti journalists.
Kuwaiti investors have shown increased interest towards Bulgaria despite the global financial crisis, due to the good reputation of the country's tourism and the attractive real estate prices, according to Bulgaria's Foreign Ministry.
Kuwait has invested over USD 20 M in Bulgarian properties in 2008.
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