Date Target Vendor Investor Size Comment
December 29 Environment protection projects Soda ash producer Solvay Sodi Solvay Sodi EUR 21.1 m Solvay Sodi, in which Solvay, Turkish glass maker Sisecam and the EBRD jointly hold 98%, posted a EUR 11.6 m net profit last year.
December 28 Purchase of a 8.86-hectare plot near Sozopol at the Black Sea Industrial Holding Bulgaria Immofinance EUR 12 m Immofinance is the Bulgarian arm for real estate development of British-based mid-market investment firm Equest Partners.
December 28 Construction of a Biodiesel plant Vidin Municipality Bulgarian fuel retailer Eko Petroleum EUR 60m Building will start in mid-2006 and construction will take about 16 months.
December 23 Investments in Bulgarian and Romanian companies Bulgaria and Romania Investment fund Reconstruction Capital II Limited EUR 50 m The company said it would invest in companies operating in the retail sector, consumer services, fast moving consumer goods (FMCG) distribution, financial services, communications, logistics, media, light infrastructure, consumer products, food.
December 23 New production facility Pirdop Municipality Belgian copper maker Cumerio N/A Investments the company would make in Bulgaria could range from EUR 70 m to EUR 150 m.
December 22 Construction of 3 spa centers Strelcha Municipality The Vior-Andonov company and Forest EOOD EUR 5 m The aquired plots are 3,367 sq m, 2,037 sq m and 2,276 sq m.The projects will create 104 new jobs.
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
December 30 Bulgarian air carriers boost market share to 35% Bulgarian Airlines Association In the first ten months of 2005 the local carriers transported 520,000 passengers to the Sofia Airport versus 970,000 jetted in and out by foreign airlines.
December 30 Bulgaria's Opticoelectron to manufacture components for Ferrari Opticoelectron Opticoelectron Group is Bulgaria's biggest producer of optic-mechanical and optic-electronic devices and systems for special military purposes and civil use.
December 29 Bulgarian-led consortium wins EUR 8.4 m EU-funded contract for enhancing fire and emergency safety along the Bulgarian-Greek border EU's Official Journal Bulgarian companies Avto Engineering IA and Intelect S.P., and Polish firm Piotr Wawrzaszek I.S.S., has won the contract.
December 29 EU to call EUR 1.2 m tender for IT project to support Bulgaria's judicial reform The European Union A consortium of Hungarian, French and Slovenian companies won earlier this month a contract for ~EUR 1 m to provide technical assistance for the computerisation of the judicial IT systems in Bulgaria, as part of the same project.
December 28 Bulgaria to end 2005 with EUR 564.1 m budget surplus Finance Ministry Last week Bulgaria's parliament approved the government's budget bill for 2006, which sets a zero deficit target under one of the tightest fiscal plans in Europe.
December 22 Moody's says Bulgaria strong candidate for investment grade status Moody's Rapid economic growth and fiscal surpluses make a good case for giving it investment grade status, Moody's was quoted as saying by the agency.
December 21 Germany's Bayerische Landesbank (BayernLB) agrees to buy 60% of Bulgarian Unionbank Unionbank BayernLB will buy Unionbank through its Hungarian banking arm Magyar Kulkereskedelmi Bank (MKB).EBRD, which has held 15% in Unionbank since 2002, will keep its stake.
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

Bulgarian property market to see gusher of cash in \'06

Bulgaria's real estate market is primed to absorb hundreds of millions of euro in 2006 as investors continue to pour cash in the construction of - retail, logistic and industrial properties.

More real estate companies listed their shares for trading in the UK during 2005 than in the previous seven years combined as they raised almost 2 bln pounds to take advantage of investor appetite for property (news agency Bloomberg). At least 7 of the 20 new funds will invest in Bulgaria's real estate market where property prices are on the boil ahead of the country's expected EU accession in 2007.

- investment in property developments in Bulgaria next year: between EUR 300 and 500 m.
- foreign investors are aiming for a return of 7-9%
- the capital of native special purpose vehicles incorporated for property investment to exceed EUR 40 m (IndustryWatch)
Showcase of important issues, deals, and events.
With the contribution of Rivas
January 4, 2006