SALE OF LAND TO FOREIGNERS POSSIBLE SOON

Politics | August 10, 2001, Friday // 00:00

Kostadin Paskalev, newly appointed minister of regional development told that a brand program has been moved to the government for approval and sale of land to foreigners for industrial purposes will be possible soon, BTA press agency reported. However, in the case of arable land, Bulgaria should insist before the EU for a 10-year transition period, Paskalev added. Improving water supply, recycling effluent waters, integrating the Bulgarian into the European infrastructure, fighting landslides and improving the competitiveness of domestic construction materials producers and supporting their participation in international tenders are some of the accents of the Regional Development Ministry`s program until 2005. Regional Development The program also envisages promotion of private investment in infrastructure and tourism, developing the real estate market an decentralizing local governments. The financial parameters of the program will be specified after the budget for 2002 is worked out.

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