• Interesting news from Bulgaria - 16 July 2008

    Wednesday, July 16th, 2008

    Real estate investment trusts will not to be allowed to develop projects, according to proposed amendments in the special legislation for them, which are discussed in the Financial Supervision Commission. After the changes in the Special Purpose Vehicles Act, REITs will only be allowed to invest and make profits through property acquisitions, sales and leasing. [...]

  • Opportunities for tourism in Bulgaria

    Tuesday, July 1st, 2008

    Bulgaria is wide known as a country of tourism. For the recent couple of years, the revenues of the country from international tourism ran up to around 2 billion EURO and substantially exceeded the overall amount of costs of Bulgarian tourist trips in abroad. The tourist businesses are almost totally privately run. An average of [...]