There is no doubt that the recent economic crisis has left its marks on the Bulgarian economy as well. Nonetheless, there are strong arguments to support that once international markets start to recover, Bulgaria, currently the EU’s poorest state, will probably offer the highest development prospects and investment returns in the Central and Eastern European region […]
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The implementation of the first stage of the new General City Plan (GCP) of Varna is in full swing
In the last decade Varna has developed and expanded extensively. At present it is the 80th largest city in Europe, Bulgaria’s second-largest metropolis and the biggest city and seaside resort on the Bulgarian Black Sea coast.
The impetuous development of Varna raised the need of a new general city plan as to the west it has reached its maximum of territorial enlargement. The lake of Varna will have a leading role in the process, the authors of the new GCP say […]
The best deal is not the cheapest one
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How to buy a home during a crisis. Revolutions often take place in a time of crisis. Some significant changes took place in Bulgaria since the beginning of the crisis in the real estate sector. Developers and real estate agents affirm that now it is the buyer to dictate the rules on the market. But does he know it? […]
Prof. Ivan Nikiforov: Varna will become a garden city
Prof. Architect Ivan Nikiforov is a Doctor of Architectural Science and the team leader of the group of specialists who prepared the General Town Plan (GTP) of Varna. He has a long professional experience gained from his engagement in developing many towns. A couple of days ago he was granted the prestigious award ‘Varna’ for his work on the GTP and his book ‘History of town development’.
Euro Set to Take Over from Lev as Main Bulgarian Loan Currency
Sofia Weekly The euro has started taking over from the lev, as the main currency preferred by Bulgarian businesses and property owners, data shows. Bulgarian National Bank (BNB) figures released for January 2009 showed a huge rise in euro denominated loan portfolios. Euro denominated housing mortgages in January totaled BGN 22.9 mn in comparison with […]
Global Economic Recession: Protect your money – beat the crisis
investment in Residential Land – Green Energy – High Technology By Christopher Violaris, CEO, Eurolink Investment Group Plc. It is by now obvious that the world economy has entered into a recession the depth and the duration of which only very few are prepared to risk a forecast and much less are those who dare […]
crisis, investment, RecessionIMF says Britain faces long recession
Source: Financial Times Britain’s recession could be deeper and longer than in most other parts of the world, according to draft International Monetary Fund forecasts that cast a shadow over Gordon Brown’s election hopes for next year. The IMF will on Thursday tear up forecasts it made for the world economy only weeks ago and […]
"Bulgaria, breaking through the clouds of recession"
by Michalis Makris, Investment Consultant, Eurolink Investment Group
Despite the fact that the investor psychology is currently hitting astonishing lows and continues its downward trend, our Group has managed once again to demonstrate that excellent investments may be hard to find but definitely exist. While unveiling our plans for the future development of Varna, our Group has proven that those who have followed a careful strategy are still going strong during these hard times. Other companies may seize to exist, but we expect to reach the end of the economic crisis unscathed.[…]
Bulgaria – an Anchor of Stability in Eastern Europe
Source: Financial Times While the economic crunch is devastating all European countries, and putting down on the knees the economies of most Eastern EU member states, Bulgaria stands as an anchor of stability. The national currencies of Poland, Hungary, the Check Republic, Latvia, Lithuania and Estonia are hitting record lows. The citizens of Eastern EU […]
Market Projections by Christopher Violaris
Dear friends, investors and clients,
What started as an economic crisis in some parts of the world is now turning into a long lasting nightmare, the end of which nobody seems to be able or willing to predict.
In the meantime those who are guilty for causing this drama, which under normal circumstances should have been made to pay the price, are sitting tight and waiting to harvest the loot of their crimes. Mainly in the form of state funding destined to help the economic recovery.
I wish I had some good news and optimistic predictions to tell you, but I am afraid what I have to say and how I see the future, would for most of you, be a bad dream come true! […]