Brick by Brick: Bulgaria Celebrates Inaugural LEGO® Store Launch at Paradise Center
The world-renowned LEGO® brand celebrated a momentous occasion in Bulgaria as its first officially certified store threw open its doors at Paradise Center in Sofia
Bulgaria's capital will have even larger shopping centers than the malls opened in 2010 but those will not be inaugurated until two years from now, a report says.
The next shopping malls to be opened in Sofia will be giant for Bulgarian standards – of over 70 000 square meters of commercial space, an analysis of the Bulgarian economic newspaper Pari Daily.
The future Paradise Center mall will be opened at the end of 2012 on an area of 3.6 hectares on the Cherni Vrah Blvd in Sofia. It will probably be the largest shopping mall in Sofia for the foreseeable It will have total commercial space of 75 000 square meters.
The opening of another large mall – with 72 000 square meters of commercial space – will be opened about a year later by Danaos Development, and will located next to the future IKEA store on the Sofia beltway.
According to the report of the Pari Daily, a third large shopping mall called Bulgaria Mall will follow suit about two years later.
The analysis points out that the new shopping malls in Sofia will not only be enormous but will seek to come up with strategies that are innovative for the local market.
Attracting international retail chains such as H&M and C&A is expected to become part of the scramble for customers of the new malls.
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New data from the National Statistical Institute (NSI) sheds light on the housing landscape in Bulgaria, painting a picture of the majority of Bulgarians residing in older homes.
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
The housing market in Bulgaria witnessed mixed trends in the fourth quarter of 2023, with overall prices experiencing a modest increase of 1.2%
Bulgaria witnessed a staggering surge in mortgage loans in 2023, totaling a monumental BGN 6.39 billion
Amidst the backdrop of Bulgaria's dynamic real estate landscape, all eyes are on the potential impact of the country's imminent entry into the Eurozone
This information was shared during the presentation of data on the current state of the market to journalists
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