Business | September 1, 2001, Saturday // 00:00

German tour operator ITS Reisen will build a vacation town in Bulgaria, the Company`s Vice President Dirk Berlinghof said after a meeting with Deputy Economy Minister Dimiter Hadjinikolov. The town will be located between the Black Sea resorts Slunchev Bryag and Elenite and will have a joint management of ITS and Balkatourist. The new vacation town will provide all-inclusive services. ITS will invest a total of DEM 20 M in tourism in Bulgaria in 2002. ITS ranks second among the German tour operators in terms of the number of tourists it has brought to Bulgaria.

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