Bulgaria's Construction Sector: Notable Decline Surpasses EU Trends
Recent data from Eurostat unveils a significant downturn in Bulgaria's construction industry, showcasing a more pronounced dip compared to the EU's overall production metrics
Bulgaria's government is due to make a decision by the end of January 2013 on whether to build two more bridges on the Danube, Bulgarian Regional Development Minister Pavlova revealed.
In her words, by the end of January, the Bulgarian government will also decided whether it wants to build two more bridges on the Danube to establish new land route links with neighboring Romania.
In her words, these new bridges can be built through public-private partnerships.
Bulgaria and Romania have been linked by the so called Danube Bridge 1 at Ruse-Giurgiu since 1954, and a second bridge at Vidin-Calafat is to become operational in May 2013.
Almost BGN 2 B will be "poured" in Bulgaria's construction sector in 2013, according to another forecast made by Bulgarian Regional Development Minister Lilyana Pavlova.
The cited amount of money will be invested from EU Operational Program "Regional Development", the World Bank, and the Bulgarian state budget, Pavlova told BTA Tuesday.
She said these prospects gave her reasons to expect doubling of the growth of Bulgaria's construction sector, including a rise in the number of employed construction workers.
Pavlova also revealed that the residents of Sofia and the southern city of Smolyan are the most active of all cities in Bulgaria in their desire to rehabilitate their communist-era apartment buildings, known as panel block construction, under programs for energy efficiency sponsored by the EU and the Bulgarian government.
A total of 200 residential panel construction buildings will be rehabilitated in all of Bulgaria in 2013 under the program, with a total of 140 applications having been submitted so far.
The minister added that during EU's next programming budget period – 2014-2020 – Bulgaria can get about BGN 200 M in funding for energy efficiency rehabilitation for panel block buildings.
Pavlova further revealed that by the end of January 2013 the Bulgarian government will decided whether to start building 10 new water reservoirs across the country over water shortage problems.
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