03.7.2007

VELIKO TURNOVO, Bulgaria -- The Tsarevets fortress looms over the tidy medieval city of Veliko Turnovo like an image from a fairy tale. Its crenellated stone walls and turrets, ideal for damsels in distress, crown a steep hill. But instead of heading up toward that restored beauty, the city's largest tourist attraction, my Bulgarian friends drove...

30.6.2007

Bulgaria has been named the best destination for overseas property investment, even though its tourist hotspots are showing signs of overheating, according to a new research.UK ranks as the best for investment returns with Bulgaria second, says the quarterly investment tracker, released by British investment firm Assetz. Making up the rest of the...

29.6.2007

Bulgarian president Georgi Parvanov awarded Friday former monarch Simeon Saxe-Coburg the Stara Planina medal, first degree, the country's highest civilian distinction.Saxe-Coburg receives the medal for his contribution to democracy and reform in Bulgaria, as well as his role in Bulgaria's accession to NATO and the EU, the Presidency's press...

29.6.2007

Nearly 250 million euro have been invested in the Bulgarian Black Sea resort of Golden Sands in the past six years.The resort will mark its 50th anniversary with a number of festivals, investor.bg reported.Money has been invested mainly in hotel construction and the setting up of luxurious vacation complexes in the resort.The number of hotels...

28.6.2007

The European Convergence Development Company Limited (ECDC) said it signed a shareholders agreement on 26 June 2007 with Megachim AD, a Bulgarian maker of paints and varnish, for the establishment of a special purpose company to develop a new retail and leisure center located in central Ruse, on the Danube. ECDC's participation will be via a 4...

28.6.2007

BRUSSELS (AFP) -- The European Commission warned Bulgaria and Romania Wednesday to take more action to fight corruption but decided not to sanction them for failing to meet reform targets.The European Union's executive arm said in two reports that the Balkan states, which joined the bloc on January 1, had made progress with judicial reform but...

28.6.2007

Bulgaria ranks second in Europe on the returns rate of property investment over the past 12 months, research of British consultancy company Assetz shows.According to the company’s index, drafted each annual quarter, Bulgaria’s property investment returns reached 71 per cent over the past 12 months.Poland ranked first with 100 per cent...

27.6.2007

We would like to see more Bulgarian companies - investors in the Czech Republic, stated the Czech's Prime Minister Mirek Topolanek. Today, June 27, Bulgaria's vice PM and Foreign Minister Ivailo Kalfin is attending an official visit in Prague. The Czech Republic is one of the countries that first opened its labor market to Bulgarians, said...

27.6.2007

The European Commission is to criticise Bulgaria and Romania for failing to tackle deep-rooted corruption and reform their judiciary. Bulgaria and Romania joined the EU six months ago. A report by the Commission highlights the lack of convictions in high-level corruption cases and voices concern about contract killings in Bulgaria. The report,...

27.6.2007

BUCHAREST: A searing heatwave has killed at least 44 people across southern Europe while in Britain torrential rain claimed three lives and forced hundreds to flee a creaking dam. Twenty-nine deaths have been blamed on the heat in Romania where temperatures yesterday hit 45¡C, four in Greece, three each in Italy and Albania and at least five...