Bulgaria is looking to upgrade its transport infrastructure network in order to take full advantage of its position as a major trade crossroads and is pushing ahead with a series of projects to improve road, rail, maritime and air links
Most of the data and forecasts emerging in recent months about Bulgaria’s property market has emphasised a developing trend of supply exceeding demand, of stagnation, of a slowing down
The third quarter could see record economic growth for Romania - 10% or even higher, based on a peak contribution from the agricultural sector, which means GDP growth could come close to 9% at the end of the year
In Bulgaria 2,643 accommodation units for a short-term lodging with more than 10 beds have functioned in Q2 – hotels, motels, camping sites, rest-houses, etc. The number of the bedrooms in them is 105,500, the number of beds – 234,000, according to data of the National Institute of Statistics (NSI).
New loans extended by Bulgarian banks in July totaled 1.34 billion leva, nearly half a billion less than a month earlier, central bank data shows. July is the first month since March, when new loans dropped by 130 million leva, to record as big a decline in lending volumes.
Bulgaria’s accommodation capacity has increased by five per cent for the second trimester of 2008, compared with the same time a year ago, a study published by the National Statistical Institute (NSI) indicated.
86 municipalities in Bulgaria will be bidding to get a chunk of the total BGN 244 million, earmarked for city parks, parking lots, cyclist alleys, pedestrian subways, streets and road signs countrywide.
For the last 12 years foreign direct investments (FDI) in Bulgaria totaled some 25 bln euro, according to Profit.bg research, based on data provided by the Bulgarian National Bank (BNB).
The average gross salary could hit 3,000 lei in the next four years if the gross domestic product continues to grow at the same pace, according to the estimates of Romania’s finance minister, Varujan Vosganian
