| Date | Target | Vendor | Investor | Size | Comment |
|---|---|---|---|---|---|
| July 18 | Three-year bond | United Bulgarian Bank (UBB) | Initially privately placed, but will soon be listed on the Bulgarian Stock Exchange | Euro 40 mln | UBB is majority owned by the National Bank of Greece (NBG) |
| July 18 | Bulgarian Real Estate | Residential property near Sofia and neighbouring ski resorts | British Lewis Charles Sofia Property Fund | Euro 72.5 mln | The company seeks to raise the cash through an initial public offering (IPO) on the Alternative Investment Market (AIM) of the London Stock Exchange |
| July 15 | Construction of two factories | Targovishte Municipality | Sisecam (Turkey) | Euro 60 mln | Sisecam will invest an additional Euro 20.3 mln to build a third production plant in Bulgaria, expanding its investment in to $220 mln |
| July 14 | Purchase of a store | Sofia Municipality | Spanish ceramics producer Roca | Euro 2 mln | 800 square m store in the central part of Sofia in an open bidding tender |
| July 14 | Construction of residential unit in the district of Mladost and a vacation village in Bansko | Sofia municipality and mountain resort Bansko | German Wertinvestition | Euro 10 mln | Apartment prices will be as high as 600 euro per square metre. Commercial space will cost up to 1,000 euro |
| July 13 | Modernisation of production facilities | Bulgarian copper mining company Asarel Medet | Asarel Medet | Euro 36.2 mln | Asarel Medet, located some 90 kilometres southeast of the capital Sofia, sells 90% of the extracted copper ore to the Bulgarian unit of the Belgian metals and specialty materials company Umicore |
| Deals, contracts, tenders and outsourcing for a total value of more than BGN 2 mln. and projects of strategic interest to Bulgaria | |||||
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| GOVERNMENT AND EU | REAL ESTATE AND FINANCE | EU TOPICS | |||
| Date | Subject | Institution | Comment |
|---|---|---|---|
| July 20 | June unemployment rate in Bulgaria falls to 11.11% | Labour and Social Policy Ministry | vs 12.21% June 2004 |
| July 20 | Varna port sees 20% rise in containerised cargo | Varna port | U.S. Customs and Border Protection administration will likely co-operate with the Varna port on the construction of a warehouse for initial processing of containerised cargo |
| July 18 | Bulgarian real estate index (REMI), the quarterly market index of Bulgaria's National Real Estate Association (NREA)up by 5.6% over end-April | NREA | Rising prices of office and industrial properties and of land zoned for construction lifted REMI Sales to 174.9 |
| July 17 | Bulgarian socialists nominate Sergey Stanishev for Prime Minister | Media | The Socialists have been in talks with the National Movement for Simeon II (NMSII), which is the second biggest party in parliament with 53 deputies, and the predominantly ethnic Turk MRF part, which has 34 seats, to form a coalition government. |
| July 14 | Karoll financial group to establish real estate investment trust (REIT) with Euro 257,000 capital | Karoll | Karoll plans to raise the fund's capital to Euro 5.3 mln through an initial public offering by the end of the year |
| July 14 | Real estate investments in Eastern Europe (including Bulgaria) offer lucrative profits | Financial Times | |
| News and events important for investors related to the Bulgarian legislation, government and EU policy, financial and real estate sectors. | |||
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Telekom Austria closed the acquisition of Bulgaria\'s dominant mobile telephone operator, Mobiltel. Deal worth: 1.6 billion euro, including 500 million euro in debt to be wholly paid by the end of the year |
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| Showcase of important issues, deals, and events. | |
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