Investment News

The Luxury Property Market in Bulgaria

The luxury property market in Bulgaria is moderately high during the first quarter of 2018, according to an analysis by the consulting firm Unique Estates.

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InterContinental® Debuts in Bulgaria With Opening of 194-Room InterContinental Sofia

InterContinental® Hotels & Resorts has brought modern luxury to Bulgaria with the opening of InterContinental® Sofia, an IHG® hotel, in the culture-filled capital city.

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FDI in Bulgaria in Q1 2018 was 179.1M euro

Foreign direct investment in Bulgaria in the first three months of 2018 stood at 179.1 million euro, the equivalent of 0.3 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on May 18.

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China's HNA to double investment in Bulgaria's Plovdiv airport

China’s HNA Airport Group will double its investment for repair and maintenance of the airport in Plovdiv, Bulgaria’s second largest city, the transport ministry said on Friday.

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Turkey will Make a Speed Train from Istanbul to Sofia

As a continuation of the "silk road" from China, a double railway line between Edirne and Istanbul will be built with the idea of ​​continuing through Plovdiv to Sofia.

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Internationally Renowned Hotel Chain Plans to Make a Hotels on Bulgaria's Black Sea Coast

The US Marriott Hotel chain is interested in two sites on the Bulgarian Black Sea coast. One of them is in Varna and the other is on the southern coast. This was announced by Minister of Tourism Nikolina Angelkova in Varna.

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Bulgaria can Open the "New Silk Road" to Central and Western Europe

Bulgaria could become a bridge for Chinese cargo and open the "New Silk Road"(One Belt One Road Initiative) to Central and Western Europe, said Transport Minister Ivaylo Moskovski

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Poland’s GTC Group buys Mall of Sofia

Polish real estate developer and investor GTC Group said on April 27 that it has acquired Mall of Sofia and the adjacent Sofia Tower office building from Europa Capital.

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Lidl will Open at least Seven New Stores in Bulgaria in 2018

"This year, Lidl will open at least seven stores in the country, mainly in Sofia, Varna and Plovdiv," said Milena Dragiyska, Chief Executive Officer for Capital.bg.

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Billa to Open 10 New Stores in Bulgaria

Austrian supermarket chain Billa, which already employs 4500 people in Bulgaria, plans to open between eight and ten new stores in three cities – Sofia, Plovdiv and Varna.

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Mondi Invests over € 600 Million in a New Plant in Bulgaria

The International Packaging and Paper Production Group Mondigroup intends to invest over EUR 600 million in the construction of a new plant in Bulgaria.

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A Chinese Consortium Takes over Plovdiv Airport

The consortium between the Chinese company "Hainan" and "Plovdiv Airport Invest" was designated as a concessioner at Plovdiv Airport following a procedure. This was announced by the Council of Ministers.

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Arco Vara to invest 60 mln euro in Bulgarian residential project

Estonian real estate group Arco Vara said that it will invest an estimated 60 million euro ($74.5 million) through its wholly-owned Bulgarian subsidiary, Arco Lozen, in the development of a residential project in Sofia during the next five years

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Indian Companies Interested in Investing in Bulgaria

Indian companies are interested in investing in the automotive, information and communication technology, food, agriculture and clothing industries in our country.

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Dutch Company Takeaway.com Buys BGMenu for EUR 10.5 Million

A new major player enters the food delivery sector in Bulgaria. Amsterdam-based Takeaway.com acquires "Hello Hungry", the company behind the local market leader BGMenu, in a EUR 10.5 million deal. The Dutch group acquires 100% of the company, pays the cash and invests additional funds in Bulgaria and Romania.

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EU provides close to half a billion euro for railway modernisation in western Bulgaria

About 471.5 million euro from the Cohesion Fund is invested in the development of the railway section between the towns of Elin Pelin and Kostenets, in western Bulgaria, the European Commission said on February 1.

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The Properties by the Sea: The Russians Leave, the Westerners Come

French, Germans, Belgians and other residents of Western Europe are asking to buy property on the Bulgarian Black Sea coast. At the same time, real estate developers registered a drop in the number of Russians investing in holiday properties on the Black Sea coast.

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First 9 months of 2017, Investments from Switzerland in Bulgaria Amounted to 128.3 million

For the first nine months of 2017, investments from Switzerland in Bulgaria amounted to 128.3 million. This was announced by the Minister of Economy Emil Karanikolov during a meeting with the Bulgarian-Swiss Chamber of Commerce, the Ministry of Economy announced.

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VMware has Negotiated the Largest Office Deal in Bulgaria

US high-tech VMware will rent more than 20,000 square meters in two of the buildings built in the Garitage Park complex. The announced rental area is the biggest office deal on the Bulgarian market.

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Over BGN 41 Million Granted for Repairs in Sofia

More than BGN 41 million will be provided for repairs in Sofia under the Operational Program "Regions in Growth" for a total project worth more than BGN 46 million. Two key areas in the capital will be modernized.

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