Bulgaria heads the list for most beneficial destination for 2008, because of low prices for food, beer, hotels and flights. “The Sun” also mentions good quality hotels and nice climate. Second best is Morocco, and Spain is all the way down to seventeenth place. According to Blagoy Ragin, director of the Hotel and Restaurant Association in Bulgaria , the English will be delighted with the sun, nature, forests, mineral water and cultural monuments. Bulgaria is visited by 200000 Brits each year. But potential is much higher, because over 50, 000 British have bought houses and other properties and land in Bulgaria and they visit Bulgaria as their second home. In the last few years most tourists in Bulgaria are from Romania, Greece and Germany, with more and more Brits arriving every year. CONTACT US

Bulgaria Foreign Investments
In 2007, most of the foreign funds in BULGARIA were invested in the tourism and the real estate sector, announced the Invest Bulgaria Agency (IBA).
According to the preliminary report of the IBA, the foreign direct INVESTMENTS in January - November 2007 reached about 5,05 billion euro, which is a 20% increase from the same period in 2006. This figure is about 17,7% of the total country's GDP. The IBA stated that the improvements of the business climate in the country were related primarily to the reduction of the earnings tax, which is now down to 10%, and of the social security tax.

The largest foreign investors in Bulgaria in 2007 are UK, Austria, Greece, Cyprus, Belgium, Spain and Luxemburg, shows information, given by the IBA. About 60% of the foreign INVESTMENTS in Bulgaria in 2007 were directed to the tourism and the real estate business. CONTACT US

Bulgaria No 1
According to the “Global property guide” record, published on BBC web site, Bulgaria is on the top of the list of the countries with the highest growth in the real estate in 2007.

The prices of the DEVELOPMENTS and real estates in Bulgaria have increased with 30.6% during the last year. The demand for properties in Bulgaria is even higher than in the Chinese city of Shanhai where the growth for the last 10 months was 28%. Other countries with considerable growth in the prices of real estates are Singapore, Estonia and Lithuania. Great Britain takes the 14th position in the list with 10% growth. The research is based of records from 42 countries in Europe, Asia and America. .. ..CONTACT US

Varna, Sofia Airports
Varna Airport handles over one and a half million passengers per year, besides people who meet and accompany their relatives and friends. With current improvement of the infrastructure and services at the airports of Varna and Sofia the stream of tourists will rise up, in 2008-2009.

Varna District Bulgaria,
This year Varna municipality will spend twice more on public utilities than last year.

The “Finance and budget” director, Stefka Gospodinova, announced that about one fourth of the budget will be invested in construction and re-construction of public utilities and cleaning. The amount equals to 50.2 million leva and covers maintenance and reconstruction of parks, gardens and projects for new ones in VARNA BULGARIA.
4 million leva will be spent on grassing. The city administration has assigned 9 companies to complete the projects.
For flower decoration in the Varna Sea garden, the municipality will spend 30 000 leva. The same amount is needed for purchasing of seeds of rare plants which will replace the existing old ones. 14 new park areas will be constructed. Half of the parks will be several kilometers long and will be around the main boulevards, the Pedestrian Street, “Vasil Levski” and “Slivnitsa” boulevards.

80000 leva will be spent on repair of children's playgrounds and new park benches. The total number of playgrounds in the Varna city, is 340. 1.2 million leva will be spent on cleaning of such recreational areas. Stefka Gospodinova announced that this amount is double than last year. She states that it is the first time since 10 years when the municipality can afford so major reconstruction of the public recreational areas.

The most significant part of the program is the completion of the large swimming pool with the diving tower and the children’s swimming pool at “Primotski” swimming complex. This year the municipality spends 3.4 million leva for this. For completion of sports playgrounds and ice-skating ring the municipality will spend 1.8 million leva. Priority is the repair of the summer theatre and improving the territory in front of it. The reconstruction of the Varna theatre, is urgent because of the upcoming International ballet competition. The cleaning of the city will cost 19.7 million leva. Priority is the enlargement of the dumping ground in the village of Vuglen. CONTACT US for VARNA PRIVATE VILLAS FOR SALE

Varna No1 Biggest New Shopping Mall in Bulgaria
Varna’s Mayor Kiril Yordanov and Krasimir Uzunov, Executive Director of Mall Varna cut the ribbon and officially opened the biggest shopping center in Bulgaria .His Highness, Right Reverent of Varna and Veliki Preslav Kiril consecrated the newest and most modern commercial and shopping complex in Bulgaria.

Varna’s Mayor stated that the quick construction of the Mall on two of Varna’s major thoroughfares and the upcoming opening of the expanded “Hristo Smirnenski” boulevard was a prime example of good collaboration between private business and the municipal administration of the city.

The parking garage with 800 parking spaces was able to accommodate the many Varna residents who came to see their city’s newest attraction with the coloring of the gigantic letters of the “Mall Varna” sign and other concerts and fashion shows.

Mall Varna has a total all-out build-up area of 70 000 square meters, including 33 000 square meters of commercial space. Its 150 stores have already been contracted for the maximum period of ten years. Brands such as New Yorker, Camper and Burger King will be represented for the first time in Bulgaria.

The mall in Bulgaria’s Sea Capital also accommodates a children’s center named Capella Play, and an ice skating facility called Avangard Ice, as well as the first “Arena ” movie theater in the city with 1, 3 thousand seats and eight movie theaters.

The facade of the five-storey building of Mall Varna illuminates by a unique light show changing the light color every thirty minutes. The Mall Varna was constructed by the Bulgarian Interservice Uzunovi Jsc. In the fall of 2007 it was bought by the Scottish Miller Developments, a subsidiary of Miller Group.

Top Ten Investment
Varna & Bulgaria is among the one of the top ten fastest-reforming and most feasible investment destinations in Eastern Europe according to the World Bank’s annual ranking, which compares the economies of 178 countries.

This ranking criteria include registration of companies, issuing operation licenses and appointments. Bulgaria tops the list of countries, some of which are more suitable for investments than those in Western Europe.

Varna New 160 Million Stadium
Bulgaria Varna, soon to have BGN 160 Million Stadium.
The investment amount of BGN 160 million is expected for the new “Varna” stadium.

The sum could end up even higher, according to statements made in front of sports reporters by the contractor “Project Management Company” and the investor “Sports Complex Varna”.65% of the investor’s shares belong to “Himimport” while the remaining 35% are owned by the Varna Municipality.

Construction works are planned to begin in the fall and are expected to continue for about 26 months with another year needed to move the infrastructure. The Varna stadium, will be fully completed in 2011 at the earliest, and is now in the technical project stage.“Himimport” is also the investor in the track and field stadium “Mladost” (Youth), which needs another 0.4 hectares for auxiliary fields in order to respond to international standards. The company is already negotiating with the Varna Municipality.

The later project has an expected investment amount of BGN 38 million and will have a capacity of 2000 spectators with all Varna residents being able to use the facility when there are no competitions.

A hotel and shopping center adjacent to the “Mladost” field have also been planned.

Irish Tourists To Bulgaria Set To Double
The number of the Irish tourists, who will spend their holidays in Bulgaria in 2008, is expected to double in comparison to the last year, Varna’s governor Petar Kandilarov said .

A total of 90,000 Ireland’s nationals visited Bulgaria in 2007, data shows. The statements were made during a meeting between Kandilarov and Ireland’s Ambassador to Bulgaria Geoffrey Keating.

There are many good opportunities for cooperation between the two countries in the academic sphere. That is why HE Keating will meet the management of the Economic and Medical Universities in the coastal city. Varna hosted a summit of the Navy leaders of NATO and EU member states on May 8-9 2008.

U.S TODAY Reported
Bulgaria is one of the few countries in Europe where it would still be possible for Americans to get good value and enjoy their summer vacation despite high ticket prices and the strong EUR, according to the US daily publication “US Today’”.