Chinese Investors to Build Sea Resort for Russians in Bulgaria - Mayor

Business » TOURISM | January 22, 2013, Tuesday // 17:35
Bulgaria: Chinese Investors to Build Sea Resort for Russians in Bulgaria - Mayor File photo by Sofia Photo Agency

An enormous new vacation complex is to be build on Bulgaria's Northern Black Sea coast, announced Atanas Stoilov, Mayor of the Municipality of Aksakovo near Varna.

Stoilov told reporters Tuesday, as cited by Darik Radio, that the new resort will be built between the village of General Kantardzhievo and the Albena resort complex on a plot of 300 decares.

In his words, the project first started several years ago when it was initiated by French investors. After one of the investor's passing away, the project was transferred to British, and then to Chinese investors.

According to the Aksakovo Mayor, the Chinese owners of the plot manage the largest Chinese firm for security equipment.

"They are supposed to complete the resort village, which will be targeting Russians as clients," Stoilov claimed, without providing further details about the potential investor and the alleged resort project.

The mayor further promised that in the next two years, the municipality will rehabilitate all the streets in Aksakovo, and will construct a new water supply and sewerage system under a BGN 13 M-worth project with EU funding under EU Operational Program "Environment".

We need your support so can keep delivering news and information about Bulgaria! Thank you!

Tourism » Be a reporter: Write and send your article
Tags: Chinese, chinese investors, Chinese investor, Russians, Russian tourists, Aksakovo, Albena, resort, resorts, Black Sea coast, Varna, resort complex
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria