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Welcome to our May 2009 newsletter. Chamkoria Chalets - Construction Update
The month of May started with some unseasonably cold weather and several snow showers which made working conditions a little icy for a couple of days . For the last few weeks however we have had beautiful sunshine and work has been progressing on both the inside and outside of the properties. On the outside we have been working on the wooden panelling that finishes off the chalets and also on the natural stone for the walls. On the inside work continues on the electrical and plumbing work and we have also started the plastering. It is great to see the apartments being plastered and starting the final finishing. In the next few weeks we will also start tiling the bathrooms.
In the top floor apartments we have started to install the Velux windows and finish the chimneys on the roof. It is now very busy on site with over 60 workers there every day. Offsite the furniture and furnishing orders are being worked on so that they will be ready when the buildings are completed. Kuwait Investors Interested in Bulgaria
Bulgaria’s Foreign Ministry reported that Bulgaria will be participating in the international exhibit "Investments and Real Estate 2009" in Kuwait. The Bulgarian exhibition area was officially opened by Ilko Shivachev, the Bulgarian Ambassador to Kuwait, and Rashid Al-Tabtabaei, the Undersecretary of the Kuwait Ministry of Commerce and Industry. The international exhibit has been organized by the Kuwait Ministry of Commerce and the Kuwait International Fair. Its launch was honoured by the Kuwait ruling family, many businessmen, and Kuwaiti journalists. Kuwaiti investors have shown increased interest towards Bulgaria despite the global financial crisis, as a result of the country's tourism and the attractive real estate prices. Apparently Kuwait invested about USD 20 M in Bulgarian properties in 2008. Tourism From Russia And The Balkans
The Deputy Foreign Minister also announced statistical data showing substantial growth in the number of people from other former Soviet and Balkan states travelling to Bulgaria in the first quarter of 2009 - Serbia (48% increase), Macedonia (40%), the Ukraine (20%), Belarus (12%), and Moldova (7%). And finally... If you have missed our previous newsletters and would like to see them, you can view them on our website. Warm Regards. Concept Bulgaria OOD
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Records show that the number of Russian citizens receiving Bulgarian tourists visas has increased since the beginning of 2009. After a decline in January and February of 2009
compared to the previous year, the number of Russians who received Bulgarian tourist visas grew in March, April, and May.