Sofia Telephone Palace Acquisition Deal Fails
Bulgaria's telecom service provider Vivacom has withdrawn from the preliminary contract with Irish-based West Incorporated signed earlier this year, it emerged on Friday.
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Business » Properties
Direction of Bulgarian Real Estate Market Unclear
A clear estimation of the real estate market in Bulgaria cannot be made due to the buyers's lack of clarity and general indecision.
Lack of Clarity, Zeal Reigned Bulgaria's Property Market in Q1
The recovery of the real estate market in Bulgaria will not be as steady as initially expected, local brokers say, judging by the mixed signals that the market sent in the first quarter.
Sofia Sees 25% Fall in Office Space Rental Rates since 2008
Asking rental rates for office space in the Bulgarian capital Sofia have dropped approximately by 25% since the beginning of 2008 driven by the large supply and the weaker demand, a survey shows.
Bulgaria Might Face Second Real Estate Crisis
The real estate agency "Bulgarian Properties" has announced a possible second crisis in the real estate market, a report from the agency for the second trimester of the year has showed.
600 Brits Owe 2-Year Taxes to Bulgarian Municipality
Around 600 UK owners have not paid their taxes for their apartments in the Bulgarian resort Pamporovo for the past two years, the municipality of the Bulgarian town of Chepelare has announced.
Sofia Residential Property Prices Mark Negligible Decrease in H1
The average asking sales prices for residential property in the Bulgarian capital Sofia continued to fall, though slightly, in the first part of 2010, data of realtors shows.
Russian Real Estate Owners in Bulgaria Unite to Form Own NGO
Russian owners of properties in Bulgaria have registered a non-governmental organization to protect their interests as a staggering number of Russians have acquired real estate in the country in recent years.
New Business Center to Rise in Bulgaria's Capital
The groundbreaking ceremony for a new business center in the Bulgarian capital was held on Wednesday.
Boney M Singer Eyes Bulgaria’s Black Sea Coast for Buy
Maizie Williams, one of the original members of the successful 70s disco music group, Boney M, plans to buy a small house along Bulgaria's Black Sea.
Bulgaria Ranks 42 on House Price Index
As the international housing market marks a recovery, Bulgaria remains among the countries, which slid further down the rankings, according to a recent house price index report.
Bulgarian Court Hits on Another Ethnic Turkish Leader Property
The Sofia Administrative Court ruled to demolish another property of the leader of the ethnic Turkish party Movement for Rights and Freedoms, (DPS), Ahmed Dogan.
Bulgaria Turns Obsolete Steel Mill Area into Museum
Parts of the walls of a historic building from the 17th century will be moved to the Sofia suburb of Kremikovtzi to be displayed there, the Chief Architect of the Bulgarian capital, Petar Dikov, informs.
TIM Unwavering in Construction Plans for Varna's Seaside Park
Holding Varna, part of the TIM business group, will apply once again with Bulgaria's Regional Ministry to begin construction works on the so-called “Alley One” in the Black Sea city's park known as the “Maritime Garden.”
Winds of Change in Sofia's Rental Market
Sofia’s apartment rental market is in the throes of transition. The world’s economic crisis has reduced Sofia’s expatriate population, with numbers falling from 2008 when 12,000 expatriates lived here.
Bulgaria's Varna Chief Architect Faces Charges over Park Scandal
The Regional Directorate for Construction Control in Bulgaria's Black Sea capital Varna announced Wednesday they are halting the controversial construction on the so-called "Alley One" in the city's park "Maritime Garden.
IKEA Eyes Land Purchase for Second Bulgarian Store in Burgas
Swedish furniture retailer IKEA, operating in Bulgaria through Greek-based Fourlis Group, is about to acquire a land lot for a second store in the country, reports say.
Bulgarian Court Rules to Demolish Ethnic Turkish Leader Barbecue
The Sofia Administrative Court ruled to demolish the notorious barbecue of the leader of the ethnic Turkish party Movement for Rights and Freedoms, (DPS), Ahmed Dogan.
Polish GTC Builds 3 Shopping Malls in Bulgaria
The Polish company GTC (Globe Trade Centre SA) investment program for Bulgaria amounts to EUR 350 M, the company's management announced Monday.
New Office Center to Open in Bulgaria's Capital in Fall 2010
Poligraphia Office Center will open doors in the Bulgarian capital Sofia in Fall 2010, announced Forton International, which is the intermediary of the deal.
Varna City Hall Tangled in 'Maritime Garden' Construction Scandal
Bulgaria's Minister of Regional Development, Rosen Plevneliev, says he is "surprised" by the decision of the City Hall in the Black Sea capital Varna to issue building permits for the so-called "Alley One" in the park known as the "Maritime Garden.
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