Plovdiv Airport Set for Concession as Bulgaria Eyes Aviation Privatization
Deputy Prime Minister and Minister of Transport and Communications, Grozdan Karadjov, announced that a concession procedure for Plovdiv Airport will soon be initiated
Milka Gecheva is the new Head of the State Agency for National Construction Control, according to a cabinet report published Wednesday.
The appointment came on the heels of the dismissal of Ivan Simidchiev from the post upon the disclosure of pictures made by employees of the National Revenue Agency who flew in a helicopter over 45 properties, constructed illegally on State lands on the shore of the Ivaylovgrad dam in southern Bulgaria.
"Gecheva has a 6 months deadline. Note this time slot and tell her to do the same," Prime Minister, Boyko Borisov told Regional Minister, Rosen Plevneliev, according to the report.
Borisov is further quoted saying Finance Minister, Simeon Djankov, also has six months to collect all unpaid taxes on luxury properties filmed by helicopter in recent weeks and present a balance sheet showing the total results from the operation.
Last week, together with Simidchiev's dismissal, the PM also demanded the ousting of the Director of the Customs in the Southern city of Svilengrad, Stefan Marashev. While Simidchiev resigned the very next day, Marashev refused to comply prompting the Customs Agency to start proceedings against him.
Gecheva was, until now, Simidchiev's deputy; prior to that she worked as Director of the "Construction" Department of the Agency – the office responsible for the issuing of the so-called Act 16 allowing the use of a particular building.
In addition to Gencheva's promotion, the other Deputy, Georgi Darakchiev, is keeping his post.
Interest in newly built properties is on the rise, driven by factors such as increasing prosperity
the last quarter of 2024, the proportion of properties purchased with mortgage loans in Bulgaria grew to 27%, or roughly every third property
The real estate market in Bulgaria experienced notable changes in 2024, with significant price increases and a rise in transaction volumes
Financial expert Kamen Kolchev has advised against investing in real estate, warning that property prices in Bulgaria could drop by up to 20% upon the country’s entry into the eurozone
Foreigners who invested in property in Bulgaria are now facing legal battles after discovering that their homes were sold without their knowledge
In recent months, sales of residential properties in Bulgaria’s major cities have risen sharply
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