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Photo: Garanti Koza
The Bulgarian Council of Ministers has now approved a project-memorandum of collaboration between the government and investor Garanti Koza Bulgaria.
The document was regarding the project named Grand Kanyon - Sofia.
A large-scale tourism and recreational complex is to be built in the Sofia neighborhood Mladost on territories owned by the Turkish company.
The total cost of the investment will be BGN 120 M, which will involve the construction of a shopping mall, a 765-suite living complex, hotel, a park, amphiteater, children's playground and a skate park. Approximately 240 new employment opportunities will be created through the project.
The names chosen for the three buildings are ''Rila'', ''Vitosha'' and ''Pirin'', named after three of Bulgaria's mountains.
It is expected that construction works for the project will be completed by January 2018.
With the upcoming introduction of the euro, insurance companies in Bulgaria have assured that policy prices will remain stable and will not be adjusted solely because of the currency change
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In Zagreb this week, Bulgaria’s Minister of Tourism Miroslav Boršoš held a working meeting with Croatia’s Minister of Tourism and Sports, Tonči Glavina
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Despite lingering issues with corruption, public procurement oversight, and energy market liberalization, Bulgaria is still expected to join the eurozone next year
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