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NEWS

Thousands of British expats due to lose their property in Northern Cyprus

Feb 4th, 2010

The British Court of Appeal with its judgement in the Apostolides v Orams case on 19 January 2010 has created an unexpected new legal situation in the ongoing struggle in Cyprus between Greek-Cypriot owners of property who had been forced to flee in 1974 [...]



In Pursuit of Happiness? Try Bulgaria, Says Moody’s

Jan 15th, 2010

Hit harder in GDP terms by the financial crisis than any region on earth, citizens from across Central and Eastern Europe can, and often do, regale you with tales of economic woe.

But a new index published Wednesday says financial misery will be spread as unevenly across the ex-communist states this year as it was in 2009 - while optimism will be found in some surprising places.



Christmas & New Year’s Holidays

Dec 4th, 2009

Dear Partners, Clients and Friends,

We would like to inform you that our Head Office in Varna, Bulgaria and our Cyprus Office in Nicosia will be closed in the period December 23rd, 2009 - January 6th, 2010 for the Christmas and New Year’s Holidays[...]



Beloslav - the municipality, which has contributed to perfection for the program “Environment”

Dec 3rd, 2009

The Mayor of Beloslav, Mr. Emil Dichev presented their project “Construction of sewerage and collector system as an expansion to the existing town Wastewater Treatment Plant and Water Supply System of Beloslav” [...]



Bulgaria set to become Europe’s wind energy front-runner

Nov 20th, 2009

Bulgaria is set to dramatically expand its wind power output in the next ten years to meet 13,5% of the country’s electricity demand by 2020. It was announced that from the current 330 MW installed the amount of energy supplied will reach over 3,000 MW by 2020 [...]



Finance Minister: Bulgaria’s 2010 Budget Best in EU

Nov 18th, 2009

Bulgaria’s new Finance Minister has expressed confidence that next year’s budget, described as a model of excellence for EU member states, safeguards the country’s currency board regime and points to its exit from the global crisis[...]



A BIRD IN FLIGHT TO THE FUTURE

Oct 2nd, 2009

“When the new General City Plan is implemented, Varna will look like a butterfly or a bird in flight to the future, seen from outer space”, Prof. Nikiforov said at the Public Deliberations of the Plan which took place on October 1, 2009 at the Community Centre of Konstantinovo [...]



THE GCP beyond the lake - Konstantinovo – New Varna with 35 000 residents

Sep 30th, 2009

The new General City Plan of Varna is the first strategic elaboration to sketch the potential for development of the village of Konstantinovo and the region round it. The general idea for the development of Varna to the south will transform Konstantinovo in a city area of full value, attractive for living and recreation [...]



Bulgaria Wins Wind Energy Investment Match Against Romania

Sep 30th, 2009

Although the wind energy potential in Romania is 14,000 MW, four times higher than Bulgaria’s, the latter’s installed power is more than 13 times higher than Romania’s, 160 MW compared to 12 MW, according to market data.



The General City Plan of Varna in final stage of admittance

Sep 22nd, 2009

‘In mid-September 2009 the public deliberations about the GCP of Bulgaria’s sea capital Varna will be inaugurated,’ an order, issued by the City Mayor Cyril Yordanov, announces [...]



Holidays - September 22, The Independence Day

Sep 18th, 2009

We would like to inform you that our Head Offices in Varna, Bulgaria will be closed in on Monday, September 21st, 2009 and Tuesday, September 22nd, 2009 due to the National Bulgarian Holidays. On September 22, Bulgaria celebrates one significant event of its modern history. On this date in 1908, our country, one of the oldest in Europe, announced its independence [...]



Wind Picks up in Bulgaria, Romania

Aug 31st, 2009

The natural conditions in Romania and Bulgaria make these countries some of the best placed in Europe for producing wind energy. Interest in investing in wind power is high in both countries, but legislative ambiguity and the limited capacity of national electricity grids are delaying the building of new wind parks. Bulgaria could have a wind power production capacity of 3,400 MW in a few years [...]



16th World Conference of Overseas Cypriots

Aug 27th, 2009

Internationalization of the Cyprus Problem
By Nedyalka Aleksandrova
The Cyprus problem is among the main issues at the 16th World Conference of Overseas Cypriots, POMAK, PSEKA and the Conference of the Executive Council of NEPOMAK
The sixteenth World Conference of Overseas Cypriots, POMAK, PSEKA and the Conference of the Executive Council of NEPOMAK is taking place in Nicosia [...]



Stalev: € 1.6 bn direct foreign investments for the first half of 2009 is satisfactory

Aug 24th, 2009

The reduced flow of foreign investments is one of the main reasons for the crisis in the Bulgarian economy. The records for the first six months indicate an economic drop of 4.2% in comparison with the same period of 2008. Meanwhile, countries like Germany, one of the main foreign trade partners of Bulgaria, observe some positive signals for getting out of the recession [...]



Bulgaria considers tax breaks for sports investors

Aug 21st, 2009

Bulgaria’s new government of the GERB party is considering the opportunities for giving tax breaks to companies sponsoring sports activities and investing in sports facilities [...]