Business, Investments and Property in Bulgaria

Video of the Day: Plovdiv, Bulgaria

2007-08-02T01:07:00.000+03:00

Keywords: Plovdiv

Direct link:
Plovdiv, Bulgaria - YouTube

Video of the Day: Bulgaria - Beyond The Crowd

2007-06-13T17:45:00.000+03:00

Direct link:
Bulgaria - Beyond The Crowd - YouTube
[via bglog.net]

See also:
Bulgaria - The World 2 Come

Digital Media Europe: AIG to acquire 65% stake in BTC

2007-05-03T23:41:00.000+03:00

Keywords: BTC, AIG

"Insurance company AIG has agreed to acquire a 65 per cent stake in the Bulgarian Telecommunications Company (BTC), the former state-owned telecoms company, for €1.08 bln."
Source: Digital Media Europe

The New Advertising TV Spot of Bulgaria

2007-03-14T15:49:00.000+02:00

European Headquarters in Sofia?

2007-03-12T04:48:00.000+02:00

Reid Hoffman: What is the best city and country to locate a European headquarters? What are the key issues in making a decision (such as employment law, cost, available talent, etc.) that are specific to Europe?

John Pfeiffer: To add some variety to the mix consider Sofia, Bulgaria. I've lived their 3+ yrs: they've just entered the EU, have a cheap educated work force, cheap land (don't just lease, invest), the airport gives you a plane hop to western europe, the Black Sea is 4 hrs away and the night life is quite nice (quality of life!). There is the foreign language and bureaucracy but it's just a small cost balanced against your low labor and cheap land savings.
Source: LinkedIn

Bloomberg: Jet-Setting for the Masses

2007-03-12T04:30:00.000+02:00

"Drewek, who turns 50 in April, is counting on the Ryanair price bump to help his latest venture, Bulgarian Country Cottages BG EOOD. The company is building homes near a ski resort and national park in Razlog in Bulgaria, one of the EU’s newest members. 'It’s part of the pitch,' he says of the expectation that low-cost carriers will fly into remote airfields. 'It will be a second wave of property increase.' "
Source: Bloomberg

Daily Telegraph: British invasion brings boom for Bulgaria

2007-02-26T03:11:00.000+02:00

Keywords: Veliko Turnovo

"A wave of British buyers looking for a slice of Bulgaria's burgeoning housing market has led to an influx of money into the former communist state.

In the medieval city of Veliko Turnovo, perched on three hills above the Yantra river in central Bulgaria, there used to be only two estate agents.

In the last two years, however, at least 80 new ones have opened their doors to a wave of British buyers looking for a slice of the Bulgarian housing market."
Source: Daily Telegraph

Independent: Property market heats up in Bulgaria's resorts

2007-02-14T17:26:00.000+02:00

"What country is this? At its top ski resort, prospective property investors check in to the Hotel Kempinski, one of the world's top brand names. The rooms are Wi-Fi equipped, and there's a cigar lounge, vitamin bar and spa. Nearby, one of Britain's most up-market estate agents, Savills, is selling apartments for more than £320,000 each.

In the same country's most popular coastal area, Obzor on the Black Sea, exclusive interior-design company Yoo has created a spa resort. The 257 apartments are on sale through another top-end British estate agent, Knight Frank, for up to almost £200,000.

Is this Italy? The US? Maybe France? No - it's Bulgaria."
Source: Independent

Time: Bulgaria Beckons

2007-02-03T01:46:00.000+02:00

"Hospitality in hand, Bulgaria is the next little thing on the international travel scene. The Balkan nation joined the European Union on Jan. 1, with blue flags waving in the streets on New Year's Eve, yet only in recent years have tourists ventured much beyond Black Sea beach towns and into the Ohio-size expanse of rose farms, medieval monasteries and Roman ruins. Visitors, especially Western Europeans, are flocking to ski resorts in the Rila and Pirin mountains and have even sparked a property boom in Bansko, where investors are scooping up cheap vacation homes."
Source: Time

Independent: Bulgaria: Will it be sand, snow or city?

2006-07-27T22:38:00.000+03:00

"As emerging property markets go, few can rival the hype or promise of Bulgaria, three areas of which are now being heavily marketed to British buyers."

"A second investment area is the ski region, chiefly the town of Bansko, although Pamporovo and Borovets are also now popular."
Source: Independent

San Francisco Chronicle: BULGARIA: Iron Curtain lifted slowly on country brimming with European allure

2006-07-24T03:24:00.000+03:00

Image: Plovdiv Guide

"Roughly the size of Ohio, the country is blessed with an abundance of the things that call us to Europe. During my week there I gazed at haunting medieval frescoes in thousand-year-old churches, sipped surprisingly good wines in sidewalk cafes, poked around well-preserved Roman ruins and passed through rural villages where horse-drawn carts still trundle down cobbled lanes. There was so much to see that I never made it to the sun-baked beaches of Bulgaria's Black Sea coast (which, I understand, have been largely colonized by Brits and Germans on package holidays)."
Source: San Francisco Chronicle

Digital Media Europe: Globul to launch 3G service in autumn 2006

2006-07-19T05:27:00.000+03:00

Keywords: Globul, Cosmote

"Bulgarian operator Globul has unveiled some of the capabilities of its 3G service, which include video calls and video streaming. Globul is to launch the service by the end of September 2006.

The 3G network is capable of making video calls and video streaming, which includes live TV and video. The exact description and the prices of the operator's 3G services will be announced at their commercial launch in September 2006."
Source: Digital Media Europe

Digital Media Europe: Black Sea resorts to receive 3G, UMTS and HSDPA services

2006-06-30T21:44:00.000+03:00

Keywords: Mobiltel, 3G, UMTS, HSDPA, Black Sea

"Mobiltel customers travelling in and around the Black Sea will have access to 3G, UMTS and HSDPA services starting 1 July 2006.

Customers in the Southern Black Sea will have access to Bulgarian telcommunications operator Mobitel's 3G network as of July 1, 2006. Starting 8 July, UMTS and HSDPA network coverage will extend to Varna and the resorts along the Northern Black Sea. Resorts in Burgas and Albena already receive 3G network coverage."
Source: Digital Media Europe

Digital Media Europe: Bulgarian winter resorts to get high-speed internet access, additional fixed phone lines

2006-06-27T03:36:00.000+03:00

Keywords: Bulgarian Telecommunications Company (BTC)

"Bulgarian national telco the Bulgarian Telecommunication Company (BTC) is investing over 2 million leva to renovate fixed-line telephony and install ADSL internet capability in three winter resorts: Bansko, Borovets and Pamporovo.

At Bansko, BTC aims to increase the telephone capacity by 30 per cent, which will make it possible to completely digitalize the local phone network. BTC is to increase the telephone capacity in Borovets by over 30 per cent, while increasing the capacity in Pampovo and the neighbouring towns of Shiroka Luka and Stojkite by 100 per cent."
Source: Digital Media Europe

Assetz News: Bulgaria strengthens lead as property hotspot

2006-06-22T19:51:00.000+03:00

"Bulgaria has managed to further improve its reputation as a property investment hotspot in the last three months, according to the latest investment Tracker.

The second quarter of 2006 actually saw Bulgaria improving its position considerably, from a 116 per cent return on cash invested in March to 137 per cent in June, according to research from Assetz."
Source: Assetz News

International Herald Tribune: The rise and rise of Bulgarian property

2006-06-01T18:26:00.000+03:00

"Anyone who has bought property in Bulgaria will tell you that the prices are so low, it is impossible to lose. Prices will continue to rise. The only uncertainty is by how much. And how long.

The Balkan country already has had 12 years of increases. And the National Statistical Institute reported in January that the average sales price per square meter for residential properties in Bulgarian cities had gone up 36.6 percent in the previous year.

But residential prices in Sofia still average only €600, or $717, per square meter, or $66 per square foot. That is much less than the €750 average per square meter in Bratislava, Slovakia; €850 in Bucharest and €1,500 in Prague, according to the National Real Property Association of Bulgaria.

Those numbers have pushed Bulgaria squarely into the real estate spotlight, attracting West Europeans lured by the current hot place for vacation homes and, to a lesser extent, for investment."
Source: International Herald Tribune

Independent: Bulgaria: Sofia so good

2006-04-21T01:38:00.000+03:00

"Robert Nurden sees potential in city flats, ski apartments and seaside resorts."
Source: Independent

Photos:
Bulgaria - Flickr

Telegraph: A little place on the piste

2006-03-02T18:09:00.000+02:00

"A ski home for as little as £30,000? Nicola Venning finds bargains in Bulgaria..."

"For a real ski home bargain, it would be hard to beat Bulgaria. Bansko, an intermediate-level ski resort in the south-west Pirin mountains has recently spent ?130million on improving its 65km of pistes (which reach up to 2,560m) including a new cable car, seven chair lifts and six drag lifts."
Source: Telegraph

Times: When the ice melts

2006-02-07T13:55:00.000+02:00

BUDGET OPTION: BULGARIA
"Low property prices and inexpensive ski passes (usually under £10 a day) make Bulgaria ideal for a budget ski property. Because of the level of challenge its slopes can offer, it is also most suitable for the occasional skier and for those with little experience. The season lasts from mid-December to late March or even late April, and there are daily flights from Britain; the low-cost airlines have not moved in yet, so fares are comparatively high."
Source: Times

Bloomberg: U.K. Bankers May Spend 3 Billion Pounds on Homes After Bonuses

2006-02-02T00:13:00.000+02:00

"Bankers and other employees in London's financial industry are set to spend 3 billion pounds ($5.3 billion) of their 2005 bonuses on buying more than 20,000 new homes in the next few months, according to a report published today."

"Some of the bonuses will be spent on buying real estate overseas in countries such as Bulgaria, Spain, India and China, Nick Clark, chairman of the Homebuyer Show, which takes place in London's Docklands district on March 16-18, said in the statement."
Source: Bloomberg

Independent: Bansko: The upwardly mobile ski resort

2006-01-03T17:44:00.000+02:00

"Stephen Wood reports from Bansko, the Bulgarian resort hoping to replace Andorra as Europe's budget skiing capital."
Source: Independent

i-Newswire.com: Investment property in Bulgaria

2005-12-29T10:04:00.000+02:00

"Bulgaria was classified as 'the new Costa del Sol' according to the UK Daily Mail one year ago. There are many people who are starting to look for properties in Bulgaria: Footballers from UK football clubs, including Chelsea, property investors from all over the world, people, seeking to buy second or retirement home. Like Croatia, Bulgaria is expecting EU accession within the next few years and this will necessarily lead to a considerable increase in its real estate value. A similar process has already started to occur in Cyprus and when Bulgaria accedes to the European Union in 2007 it is widely believed that Sofia in particular will compete with other leading European capitals as a location for the European offices of many multi-national companies.
Bulgaria also has ranked first in the world for 2005 in the amount of investments, compared to the GDP, a report by the World Bank states."
Source: i-Newswire.com

The Herald: Bulgaria rises to third favourite for holiday homes as Britons find the prices are right

2005-12-27T12:35:00.000+02:00

"Bulgaria leapt ahead of Florida, Portugal, and Dubai after marketing the Black Sea coast for summer holidays and inland mountain ranges for skiing.

With the Black Sea coast averaging nearly 300 days of sunshine a year and a good meal for two with wine costing less than GBP8, Bulgaria has also been voted the UK's favourite holiday hot spot by First Choice..."
Source: The Herald

Assetz News: Groundwork laid for Bulgarian Property boom

2005-12-21T22:58:00.000+02:00

"A report issued today has referred to Bulgaria as one of the most rapidly advancing nations in Europe and suggests that it is becoming a 'byword for international property investment.'

The report by Property Frontiers supports the assertion from Assetz managing director Stuart Law that 'Bulgaria is likely to continue proving lucrative as a long term investment into 2006.' It reveals that there was an average property price increase of 47.5 per cent in 2004 while growth in the first quarter of 2005 continued to be strong at 10.6 per cent."
Source: Assetz News

AboutProperty.co.uk: Cyprus and Bulgaria ranked top for buying abroad

2005-12-20T01:50:00.000+02:00

"Cyprus and Bulgaria have been rated as the best places to buy a property abroad in 2006."

" 'Bulgaria is likely to continue proving lucrative as a long term investment into 2006, with ski resorts boasting year round rentals and yields of up to 12 per cent - as much as double those in the coastal resorts,' Mr Law explained.

'The ski resorts thrive through the summer months, offering activities such as hiking, fishing and mountain biking. The low cost of living (a pint of beer for example, costs 50 pence), new cheap flight routes and world-class ski facilities, mean Bulgaria is now providing healthy competition to the French and Austrian ski markets.' "
Source: AboutProperty.co.uk