LUNAR Festival 2024: Illuminating Sofia's Nightscape Once Again
Sofia's Lunar Festival of Lights is back, illuminating the city with more than 20 captivating light installations across its most iconic landmarks.
The British company Farans Construction Ltd has sent a letter to the Bulgarian cabinet, stating it is willing to build a new prison in Sofia.
The company, based in Ireland, cited by the Bulgarian daily 24 Chassa (24 Hours), informs it can build two prison complexes for 2 000 inmates in 30 months.
The company has experience if the construction of prisons, public buildings and bridges.
The Bulgarian Justice Ministry announced, as early as November 2009, it was looking for a land plot and investors for a new prison over the shortage of cells and the mounting verdicts from the Human Rights Court in Strasbourg against Bulgaria over poor conditions in Bulgarian prisons.
The UK offer states the European PARIVAF bank is ready to finance the project with a loan of up to EUR 130 M to be repaid in 20 years under preferential conditions.
The project of the Main Directorate "Enforcement of Punishments" for a prison complex includes 3 buildings for 2 000 inmates and 200 detainees to be housed two in a room with a bathroom. The complex will have a sports facility, a school, a hospital and a production shop.
The Justice Ministry created 2 months ago a work group to study suitable land plots. The Sofia City Hall has already provided a land property of 500 decares near the village of Voluyak, adjacent to the capital.
The investment is estimated at BGN 100 M. The Bulgarian consultant for the UK company says inmates will be hired for the construction works, which will further reduce the cost.
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New data from the National Statistical Institute (NSI) sheds light on the housing landscape in Bulgaria, painting a picture of the majority of Bulgarians residing in older homes.
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
The housing market in Bulgaria witnessed mixed trends in the fourth quarter of 2023, with overall prices experiencing a modest increase of 1.2%
Bulgaria witnessed a staggering surge in mortgage loans in 2023, totaling a monumental BGN 6.39 billion
Amidst the backdrop of Bulgaria's dynamic real estate landscape, all eyes are on the potential impact of the country's imminent entry into the Eurozone
This information was shared during the presentation of data on the current state of the market to journalists
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022