The mega-project, called Super Borovets, in the Rila mountain, was given the final go-ahead with a ground-breaking ceremony on Monday after years of controversies. The enormous complex will encompass the towns of Samokov and Beli Iskar and will expand one of Bulgaria’s most popular skiing resorts. The ground-breaking ceremony was attended by Prime Minister Sergey Stanishev, former king and former Prime Minister Simeon Saxe-Coburg, as well as Oman’s Sultan and Prime Minister Qaboos bin Said al-Said, who is one of the main investors in the ski property project. Read more…
Bulgarian Property & Real Estate News
New highway will allow Sofia Citizens to Reach Rila Mountain in 30 Minutes
The Super Borovets project starts with the construction of a new gondola lift to the region of Markudjik at a cost of fifteen million euros. In three years’ time Sofia citizens will need only 35 minutes to reach the ski runs in the winter resort of Borovets, because this is the deadline for the construction of the Rila Highway, which will connect Sofia with the town of Samokov. “The Ministry of Regional Development and Public Works has already commissioned experts to work out the project for the highway,” said Glavbolgarstroy CEO Simeon Peshov. Read more…
Investment of 70m leva in Borovets ski resort
Borosport AD, the company managing the skiing facilities in the Bulgarian ski resort of Borovets, said it will invest 70 mln levs over the next 3 years in new ski runs, skiing equipment and installations for artificial snow. The size of the investment means the company qualifies for a First Class Investor certificate issued by the InvestBulgaria Agency. The combined length of the Borovets ski runs will be extended to 120 km over the investment period. The company will attempt to make the best of the skiing locations with altitude between 1,600 and 2,500 m where snow shortage, which has plagued many an international winter resort, is less of a problem. Read more…
Equest enters Super Borovets project on 15 mln euro investment pledge
Investment fund Equest will become a shareholder in the company scheduled to expand Borovets ski resort with an initial investment of 15 mln euro.The company will swap the cash infusion for a 51% of the stake in the project controlled by Bulgarian construction company Glavbolgarstroy, said Equest managing partner Georgi Krumov and Glavbolgarstroy president Simeon Peshov. The construction company last week acquired the stake in the project held by the family of Bulgarian banker Emil Kyulev. Read more…
Bulgaria Ski Resorts – Hitting the Slopes
Some have been waiting for this moment for as long as last March – the moment when the slopes are again covered in snow and they can grab their skis or snowboard and head downhill fast. Over the past few years Bulgaria ski resorts have become the dream destination for many of these people, with the winter resorts attracting investors, fans and benefactors from all over the world.
Bulgaria Property – Hot or Not ?
When the question arises as to whether Bulgaria property is still a good buy, the answer is yes, but only if you know where and what. Bulgaria itself is enjoying a boom time. It is no longer seen as a grey Communist state and has made impressive progress towards long-term stability and sustained growth. Tourists are pouring in at a rate of over 4 million per annum and it is estimated that by 2010 this figure will have increased to 20 million. Despite astonishing price hikes of over 30% per annum for the past year, the low level of Bulgaria property prices still offer investors excellent opportunities to ride the wave of capital growth as Bulgaria heads towards pending EU accession in January 2007. Read more…
Why Buy Property In Bulgaria ?
Located in South Eastern Europe, Bulgaria is bordered by Greece and Turkey to the South, Romania to the North and Macedonia and Serbia to the West. Its Eastern Border is formed by the beautiful Black Sea Coast. A country of outstanding natural beauty the environment remains unspoilt and is incredibly varied. A relatively small country, a few hours drive will take you from the snow covered central Pirin mountain Ranges to the long sandy beaches of the Black Sea coast.
Forming the heart of several of ancient histories greatest civilizations Bulgaria’s rich culture is reflected in a vast number of architectural treasures. Read more…
Best Ski Season Ever for Bulgaria
The Bulgarian Ski Federation and the Sofia 2014 Bid Committee announced today that the 2005-2006 ski season drew record visitors to Bulgaria. A celebration event was held at Sofialand and featured the resorts of Bansko and Borovetz – the two mountain venues for Sofia 2014’s bid for the Olympic Winter Games. “We are ecstatic with the attendance at Bulgarian winter sports destinations,” stated Tseko Minev, President of the Bulgarian Ski Federation. “The world is recognizing the amazing snow, fantastic accommodations and warm people of Bulgaria. Sofia 2014 captures all of this.” Read more…
More British Tourists visited the Bulgarian Winter Resorts
Balkan Holidays tourism agency registered a 35 per cent increase in the number of British tourists who visited Bulgarian winter resorts. More than 25 000 people arrived in Bulgaria, using the services of the company, Dnevnik newspaper reported. For the 2004-2005 season Balkan Holidays registered a 70 per cent increase in tourist figures, compared to the numbers for the previous season. Read more…
Bulgarian property prices still low, but rising fast
Bulgaria, the wannabe 2014 Winter Olympic host and wannabe EC member is continuing to see property prices soar from their low beginnings, although the price per square metre (currently 50 – 150 Euros) remains low compared to the Alps.
The Sofia News Agency, reports that offers are pouring in for a wide range of plots on sale in Bansko and Pamporovo as the 2006 building season begins to get underway. Bansko, where there are reported to be more than 400 plots currently for sale, is currently the most expensive, having come from fourth place behind the communist era Borovets and Pamporovo, both now undergoing radical face lifts under private ownership. Read more…