News
12 May 2009, Tuesday
Bourgas and Varna airports report rise of traffic for Q1
Varna and Bourgas airports registered an increase in traffic and passenger numbers for the first quarter of 2009, as reported by German firm Fraport, the concessioner of the seaside airports. Varna airport saw a 14.2 per cent increase, rising to 60 727 passengers. Bourgas did even better, unveiling a substantially larger increase of 30.5 per cent, or the equivalent of 11 330 passengers. In the ...
23 April 2009, Thursday
Across the map of Bulgaria
Which is Bulgaria’s destination of excellence? Which will be the Bulgarian destination of excellence in 2009? The Bulgarians will find out in mid-May, when the results of the nationwide 952 - Nature Welcomes You contest will be announced. At present there are 10 finalists in the standings for most picturesque site with unspoiled nature, preserved biodiversity and huge potential for tourism ...
21 April 2009, Tuesday
Bulgaria with Highest Construction Output in EU
In February, the seasonally adjusted production in the construction sector in Bulgaria was the highest among the European Union (EU) Member States. The data, released by Eurostat, the Statistical Office of the European Communities, lists the construction output in Bulgaria at +2%.
21 April 2009, Tuesday
Bulgaria Best Bet for EU Holidays
The Telegraph recently reported on a survey by Holiday Rentals, confirming that holidaying in Bulgaria is excellent value for money and the cheapest self catering destination in Europe. The survey says that apart from the strong euro, living costs are what make the biggest 'dent in your budget'. Once you arrive in Bulgaria, holiday and living costs are incredibly cheap, making it...
01 April 2009, Wednesday
First "Royal yacht club" established in Bulgaria
The first in the country “Royal Bulgaria yacht club” was established in Varna. Its aim is to ease the cooperation with all royal clubs in the world. The idea for its establishment is of the famous in Bulgaria and abroad Ivan Grekov with tens of first places in Bulgarian and international regattas. “The need for the establishment of such club comes from the fact that for already 2 decades ...
31 March 2009, Tuesday
Austrian Companies Invest EUR 260 M in Renewable Energy in Bulgaria
Austrian companies will invest EUR 260 M until 2011 in Bulgaria for renewable energy projects. Dr. Michael Angerer, a commercial adviser in the Austrian Embassy in Bulgaria, announced this Monday, as cited by the Pari Daily. Austrian renewable energy projects have already started in Bulgaria. A total of 120 MW facilities will be constructed until 2010.
23 March 2009, Monday
More reasons to go to Belogradchik: the wine
Long overlooked as a tourist destination even by its own countrymen, Belogradchik, in the north-western corner of Bulgaria, and nearer the border with Serbia than anything else, is looking to place itself on the radar. Apart from its current high ranking in the voting process of New 7 Wonders of Nature campaign, where the curious red rock formations at Belogradchik hold the number two spot in t...
20 March 2009, Friday
Bulgaria in serious talks to host F1 race
Bulgarian Motorcycling Federation (BMF) was in serious negotiations about getting to host a round of the Formula One championship, BMF's head Bogdan Nikolov said on March 19, as quoted by Dnevnik daily. "We expect to have a result by next week," he said. Based on the outcome of the negotiations, Bulgaria could build a second racing track suitable for major international sport eve...
19 March 2009, Thursday
Preparations begin for Varna's luxury yacht HYPO Bulgaria Boat Show in Varna
"Most investors are looking for financing for the construction of yachting marinas," said the head of the Yacht Federation in Bulgaria, Stanislav Kasurov. "Major projects for the development of such specialist marinas are currently occurring in Nessebur, Sozopol, Ahtopol, Byala, Tsarevo, Bourgas and other places. The market for luxury yachts is dynamic and I expect its further progr...
16 March 2009, Monday
Fraport not to halt Bulgarian investments
A total of 20 million euro will be poured into the airport in Bulgaria’s Black Sea city of Varna, Andreas Helfer, general executive director of concessionaire Fraport Twin Star Airport Management, which manages also Bourgas airport under a 35-year concession arrangement, said. Half of the sum will be spent on the construction of a new passenger terminal, which should get underway within month...
12 March 2009, Thursday
Time to Check in to Bulgaria's Happening Hotel Sector
Despite concerns that EU member state Bulgaria is succumbing to the negative effects of the economic recession along with its other CEE neighbours, recent reports indicate an 8.4% increase in tourist revenue in 2008 (NSI Bulgaria), giving investors hope that the country's hotel sector could be a ticket out of the downturn for 2009. There are now over 3200 hotels, hostels and lodgings acros...
09 March 2009, Monday
Bulgarian Property Still Popular
Top of the Props by the MoveChannel. The Top of the Props chart provides a monthly snapshot of the most popular countries on their site and last month, Italy reigned supreme, attracting the most interest from visitors to the site, with Bulgaria in third position. Bulgarian properties have undergone one of the largest property booms in recent years, and this month’s Top of the Props Chart has see...
