Prices of residential property in Bulgaria have surged by more than 200 per cent on average over the past 10 years, according to an analysis by Sofia-based real estate agency Bulgarian Properties, based on National Statistical Institute (NSI) and Registry Agency data. “We witnessed a very dynamic decade for the Bulgarian property sector, which brought about a drastic surge in prices and in number of  [ Read More ]

Rents for prime office premises in Europe is expected to stabilize this year, according to a new report by Colliers International. European office centers such as Berlin, London, Stockholm and Warsaw will reflect the best results in terms of wage growth in the segment. “Based on expectations of robust economic growth we expect prime rents are generally stable in most of the 25 centers (market) in 2011,” commented the company.  [ Read More ]

Since mid-September this year Sofia Airport will accept flights from Qatar Airways, said airport. Qatar airline was launched in 2010 for third-best in the world, according to a survey of Skytrax, which included surveys of 18 million passengers. The national carrier of Qatar will operate regular service from Doha to Sofia with flights 4 times a week – Mondays, Wednesdays, Fridays and Saturdays. The airline will operate 144-seat Airbus 320, with  [ Read More ]

Bulgaria’s PM Boyko Borissov has sent a letter to the European Commission requesting excise duty on fuels to be lowered. “I have ordered Finance Minister Dyankov to request a written answer,” Bulgaria’s PM announced yesterday. PM Borissov explained that the cabinet had already received an oral answer saying that the decision for lowering the excise on fuels could be taken if only all 26 EU member-states agree on the issue.  [ Read More ]

Boyko Borissov, PM I would like the conflict in Africa to be solved and the oil supplies to be back to regularity. At the moment the Central European Bank has set $118 per barrel. I understand the wish of opposition and of the ill-wishers and of their populism – this is the exact word – but let them think a while how could be lowered the excise on fuels without  [ Read More ]

IBERIA, the Spanish carrier that merged with BRITISH AIRWAYS last year, has announced plans to build a new 100million euro cargo terminal in Madrid. Airline chairman Antonio Vazquez signed an agreement to build the new facility with Juan Ignacio Lema, the head of Spain’s national airport and traffic control authority, Aena. The cargo terminal will make Madrid-Barajas airport Europe’s largest hub for air cargo to and from Latin America. Iberia  [ Read More ]

Greece turns out profitable tourist destination due to political crisis in Middle East and Northern Africa Greece is a country which may profit from tourism due to the political crisis in the Middle East and North Africa (Egypt and Tunis). This has been forecast by the British Thomas Cook Group – the largest tour operator in Europe. The company’s forecast makes it clear that countries from Southern Europe are the  [ Read More ]

Bulgaria, being one of the richest countries in Europe in terms of mineral water springs, has a huge potential to grow as a balneo therapy and spa tourism destination but it needs a better image as a popular spa and wellness destination on the European market. According to experts, the most direct way to succeed in this endeavor goes through European insurance institutes, health insurance funds and care homes for  [ Read More ]

ulgaria’s Agriculture Ministry said on March 14 2011 it had started payment of subsidies to farmers shortly before the planned protests of agricultural producers because of delays in the disbursement of European Unions funds. The money will be transferred to 91 000 farmers that applied for direct subsidies in the past year. On March 13 2011, agricultural organisations said they would reconsider plans for launching countrywide protests if farmers received  [ Read More ]

Bulgaria’s Economy Minister Traicho Traikov will demand additional details and guarantees on the safety of the future reactor at the Belene nuclear power plant, the ministry said in a statement on March 14 2011. Traikov will request more information from both the reactor’s manufacturer, Russian state nuclear energy company Rosatom, and the International Atomic Energy Agency (IAEA) in connection with the incident at Japan’s Fukushima Dai-ichi nuclear complex. The power  [ Read More ]