Stability Reigns: Sofia Real Estate Market Thrives Despite Uncertain Times
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
The concession of Sofia's Central Railway Station is of higher priority than the Sofia Airport concession, Bulgaria's Deputy Transport Minister Kamen Kichev said Friday.
"The Sofia Airport will not be granted under concession at any cost", Kichev explained, adding that the due consultations with European creditors and a Kuwait-based investor in the construction of the airport were to be held first.
Kichev further insisted that all state-owned companies in Bulgaria had to be granted under concession.
He also argued that infrastructure charges collected by the National Railway Infrastructure Company had to be reduced.
The Deputy Transport Minister revealed that Bulgaria's state-owned railway company BDZ posted a loss of BGN 19 M for the first quarter of 2011, reducing the negative balance from BGN 29 M in the same period in 2010.
According to Kichev, the Ministry of Transport, Information Technology and Communications had received assurances from the World Bank that it had fulfilled all requirements for extending a badly needed loan of BGN 600 M to BDZ, and the transaction was only a matter of time.
In mid March, the railway workers came close to starting a general strike over some provisions of the World Bank loan deal, which were subsequently mitigated.
Kichev emphasized that all employees of BDZ had started receiving their payments on time.
He expressed hopes to stop robberies in trains and to make them cleaner.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
Trade relations between Bulgaria and Ukraine have reached unprecedented heights, with bilateral trade hitting a record 3 billion USD in 2022, according to statements made during the recent Bulgarian-Ukrainian business forum
As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022