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Sheen Ltd
1/10/2012 11:51:14 PM ARI WAS HERE... read more

Indian and British Food in Bulgaria
1/17/2011 5:24:33 AM www.mysupermarketbulgaria.com has many Indian and British Food on sale online and physically in shop... read more

Bulgaria seeks Indian investment in IT and Solar power
1/17/2011 5:19:14 AM KOLKATA, INDIA: Bulgaria on Thursday sought Indian investments in several sectors including IT, agriculture, solar and wind energy, pharmaceuticals and tourism.... read more

Indian Grocery Store Sokoni has opened
8/28/2010 2:28:15 AM A new Indian store selling all the ready to eat meals, rice, lentils, flour, patak sauces, pickles, garam masale, tandoori masala, chicken tikka, jalfrazi, korma, naan, chinese noodles, mexican tacos, is all available in Sokoni and through its website www.mysupermarketbulgaria.com... read more

How is the current Property Market in Bulgaria?
8/27/2010 3:01:00 AM Is it true Bulgarian Property Market is still to bottom out? Are the prices still yet to drop? Are there many buyers or investors in Bulgaria? Thre are many questions which every agent, every seller and every person who is realated to the Bulgarian Property market has to ask but who has the right answer? IS also a question... read more

further 10% drop in Bulgrian Property Value is Expected
12/15/2009 1:30:51 AM Real estate values are likely to drop by another 10 per cent from current levels due to the weak influx of foreign capital and the delay of bank credit in Bulgaria, Industry Watch said, quoted by Stroitelstvo Gradut weekly. Real estate in 28 of the largest cities and towns in Bulgaria indicates an average devaluation of about 28 per cent in the third quarter of 2009 as opposed to figures from last year, the National Statistics Institute (NSI) has indicated. From Industry Watch, the estimation is that this is equivalent to a six billion leva loss sustained by all property owners in the country. Their loss is likely to hit harder because fuel and electricity prices are rising whereas direct foreign investment is lacking. "Bulgaria is poor in locally generated capital, and most major projects here were financed by foreign capital investments," Luchezar Bogdanov, managing partner in Industry Watch, said, as quoted by Stroitelstvo Gradut on December 14 2009. "Readily available cash on the Bulgarian market continues to shrink and while this continues, there will be little opportunity for flexibility on the market," Bogdanov said. For the period 2006-2008, foreign investment in Bulgarian real estate accounted for more than two billion euro, while in the preceding three years it was about 300 million a year, before the global economic downturn eventually constricted the flow of cash. Meanwhile, Tatyana Emilova, from consulting firm Colliers International, says that there is some movement in Sofia's market and that banking transactions have become more frequent. "There are more inquiries being made as well as more deals being completed," she said. Tsvetelina Tasseva, from Address Real Estate, also said that there is greater activity from potential customers aggressively pursuing deals, but, overall, this would not offset the downward trend, at least for the moment. She says that the overall decrease in transactions for 2009 will amount to about 35 per cent as opposed to 2008 figures, implying that prices could slide further down, although the "bottom has almost been reached". About 21 000 residential units were completed and made available on the market in 2008, twice the number of new flats and houses built in 2004. Another 15 000 new units were constructed and floated on the market in 2009, according to the NSI. Simultaneously, purchase in all kinds of real estate in Bulgaria's four largest cities decreased by nearly 50 per cent in the first six months of 2009, down to 20 500, Stroitelstvo Gradut weekly said. Source: propertywisebulgaria. ... read more

Knight Frank: Bulgaria among fastest dropping real estate prices
12/15/2009 1:26:23 AM Bulgaria is amongst the top four countries across the world where real estate has plummeted the most in value in the third quarter of 2009, according to the research of real estate consultants Knight Frank. According to Knight Frank's report, which tracks 42 countries across the world, troubled Baltic states Latvia and Estonia have seen real estate valuations drop 34 per cent in the third quarter, but still not enough to rival Dubai, where the slump in the local market has reached 47 per cent. The devaluation of real estate in Bulgaria in the third quarter, as opposed to the corresponding period of 2008, stood at 28 per cent. On the flip side, 16 countries across the world saw property values increase, including Israel, where residential real estate went up by 13.7 per cent in July-September and Singapore, where prices soared by 15 per cent in the third quarter. "Those European countries yet to record their first quarter of growth since the credit crunch include Spain, Denmark and Ireland, where an oversupply of stock is holding back prices," Knight Frank said in a statement on its website. United Kingdom seemed to be faring rather well according to the report. In spite of the grim initial impact from the global economic downturn, the British market has regrouped and was staging a strong comeback as a shortage of houses for sale was contributing to rising values with demand outstripping supply. Knight Frank is a global property consultancy firm with headquarters in London. Together with its New York-based global partner Newmark Knight Frank, its has 207 offices in 43 countries. ... read more

Rain and Flooding in Varna 01.10.2009
10/1/2009 2:05:41 AM Rain and Flooding has caused a lot of disturbance in Varna Bulgaria today on 01.10.2009... read more

Average market prices for Apartments in Bulgaria
2/3/2009 1:40:46 AM The latest report by the national statistics department has revealed a report for the last quarter of 2008 in which only two cities has seen prices well over the 2000Leva or 1000euro per SQM.... read more

Sofia-Varna flights starting from as low as 19.99 leva
8/21/2008 1:49:21 AM Fares for the Sofia-Varna route are starting from as low as 19.99 leva (10 euro) approximately one-way, all-inclusive, Natasa Kazmer, head of corporate communications and public affairs at Wizz Air, said to The Sofia Echo. Wizz Air expects the average ticket price to be between 20 and 40 euro, depending on the date of purchase. ... read more

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