Date Target Vendor Investor Size Comment
November 15 Plant relocation Rousse Municipality Bulgarian Garments Maker Markam EUR 1.8 m Markam tailors clothes for German, Dutch, Greek and French clients but sells 7% of the output under its own brand name.
November 14 New waste water treatment plant Lead and zinc smelter KTZM KTZM EUR 2 m The opening of the plant was the final stage of a programme (EUR 53 m) for the reduction of KTZM's industrial contamination. KTZM, which is responsible for 80% of Bulgaria's zinc and lead output, said earlier this year it planned to invest EUR 25.6 m in upgrades by 2010, of which EUR 3 m have been allocated for 2005.
November 14 A supply deal for front and rear truck axles Madara(Shumen)truck maker Russian vehicle manufacturer Kamaz EUR 12 m In 2004, Kamaz awarded a EUR 4 m contract to Madara and that was followed by a EUR 9 m deal in 2005 for the manufacture of front and rear axles for buses and automobiles.
November 10 Residential community Panorama City development Varna Municipality Alpha Developments (Bulgaria) EUR 51 m The developer intends to build up 120,000 to 150,000 sq m of the 176 ha site it owns in the Galata beachfront borough in Varna. The project should be completed within 3 to 5 years.
November 9 Construction of gas distribution network Kazanlak Municipality Italy's Gruppo Societa Gas Rimini EUR 17.9 m Gas Rimini, which got a 35-year license to supply natural gas in Trakia, the largest gas distribution region in Bulgaria centred on Plovdiv, said in April it planned to invest EUR 150 m by 2014 to build a natural gas supply network.
November 9 Construction of a new tourist complex Black Sea town of Tsarevo Germany's TUI EUR 10 m TUI estimates that the value of coastal properties has increased by 25% in '05.
November 9 Installation of a management control system Honeywell (US) Thermal power plant Maritsa Iztok 2 EUR 9.4 m The Maritsa plant, owned by Bulgaria's state-owned National Electricity Transmission Company (NETC), which operates the nation's high-voltage power grid, is part of the coal and power complex, which generates some 30% of Bulgaria's electricity.
Deals, contracts, tenders and outsourcing for a total value of more than BGN 2 mln. and projects of strategic interest to Bulgaria
With the contribution of SeeNews (published by AII Data Processing Ltd) and Rivas
GOVERNMENT AND EU | REAL ESTATE AND FINANCE | EU TOPICS
Date Subject Institution Comment
November 15 Bulgarian army to buy 50 Hummers Defense Ministry The vehicles will be purchased with $10 mln of the $15 mln granted by the U.S. government to the Bulgarian defence ministry in Aug.
November 14 Building contractors establish Bulgaria Est8s Club to market Bulgarian real estate projects abroad Media The collective property portfolio of the 14 developers is worth over EUR 1 bn.
November 11 Bulgaria to get EUR 7 m for improving cross-border cooperation the EU's PHARE pre-accession programme Finance Minister The grant will cover trans-border infrastructure, business and tourism projects and partnerships in the region.
November 10 EUR 120.9 m EU grant to improve waterworks systems Finance Ministry EU's ISPA program has allocated 168.7 mln euro for the modernisation of the water supply systems in 5 Bulgarian cities.
November 10 Bulgaria to draw EUR 1 bn investment in real estate in 2005 Real estate consultant Elta The real estate market absorbs 25% of all domestic investments.
November 10 Bulgaria to spend EUR 141.9 m to increase energy efficiency by 2007 Energy Efficiency Agency Bulgaria plans to spend the sum by 2007 on 552 projects.
November 9 China's Huawei to upgrade fixed-line network of Bulgarian Telco BTC Huawei Technologies Huawei will be the sole supplier of end-to-end Next Generation Network (NGN) and Multi-service Access Network (MSAN) solutions.
News and events important for investors related to the Bulgarian legislation, government and EU policy, financial and real estate sectors.
With the contribution of SeeNews (published by AII Data Processing Ltd) and Rivas

11.5% FDI growth in Bulgaria for the period Jan-Sept 2005

Bulgaria attracted FDI EUR 1322.8 mln mainly through greenfield investment projects (Jan-Sept 2005) [Source: Bulgaria National Bank]

 The flow FDI in seven southeast European states will rise by around 15% to EUR 10.5 bn ($12.3 bn) in 2006 [Source: Bank Austria Creditanstalt (BA-CA)]
 FDIs amount to over 5% of GDP (well above the level of the new EU member states in Central and Eastern Europe)
 Total FDI in the region 2005: EUR 91. bn (8.4 bn in 2004)
 Investors: EU
 Projected economic growth: 5%
 Target countries: Bulgaria, Romania, Serbia and Montenegro, Albania, Bosnia and Herzegovina, Croatia and Macedonia
 Bulgaria and Romania, which will in economic terms benefit significantly from EU accession in 2007, will be the growth leaders in the region

InvestBulgaria Agency has certified 10 investment projects so far in accordance with the Investment Encouragement Act. Eight projects received certificates for a First Class Investor, guaranteeing investments in Bulgaria for over BGN 70 mln. each. Their complete realization will create some 10,500 new working positions.

Showcase of important issues, deals, and events.
With the contribution of Rivas
November 16, 2005