The strong growth in the Bulgarian economy is continuing and this is emphasised by the confidence in the market shown by companies such as GE for example.
GE Commercial Finance Real Estate recently announced it will be acquiring a 50% stake of the Mall of Sofia. The Mall is an enormous trade, business and entertainment centre currently under construction in the heart of the capital city.
The acquisition is costing approximately EUR 37M and was made by a consortium of GE Commercial Finance Real Estate and Quinlan Private.
This investment can only encourage the current growing trend in the Bulgarian property market and indicates GE’s intentions to expand to the countries in Central and Eastern Europe.
Copenhagen Airports has announced it will increase their planned investments in Bulgaria’s Varna and Burgas airports from EUR 106M to EUR 140M by the end of 2008. The added investment is been used to bring the airport and its facilities up to date and to deal with the constantly increasing passenger traffic.
A corporate analysis on the airports of Varna and Burgas shows that unless urgent reforms are implemented at both facilities, the...
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