Date Target Vendor Investor Size Comment
April 11 Purchase of 19% stake Bulgarian American Credit Bank (BACB) Bank Austria Creditanstalt (BA-CA) N/A A package of 3.75 mln shares representing 30% of the bank's capital was floated on the local bourse.BACB's stock changed hands at 16-17 EUR per share on Monday. According to end-2005 central bank data, BACB ranked 21st among local banks in terms of assets (EUR 195 m) and 12th in terms of capital (EUR 40 m). The credit portfolio of the bank totalled EUR 157 m with deposits at EUR 43.6 m.
April 7 Construction of sales and service center for Volvo trucks Volvo Bulgaria (Bozhurishte) Ubbicalia (Spain) EUR 3 m The outlet will accommodate a service center, storage facilities and office premises with a combined built-up area of 2,500 sq m.
April 7 Development of company Orbitel Hungary's Magyar Telekom EUR 7 m Magyar Telekom bought Orbitel, a Bulgarian next generation telecommunications and Internet service provider, for EUR 8 m a couple of months ago.
April 6 A glass melting furnace for the production of tabletop items Glassworks factory New Glass in Novi Pazar Municipality Greek glass tableware maker Yioula Glassworks EUR 15 m The upgrade project will create 400 jobs in Novi Pazar, North-eastern Bulgaria, where New Glass is based.
April 6 Construction of plant for aluminium car parts Ruse Municipality French aluminium car parts manufacturer Montupet EUR 35.7 m 500 new jobs will be opened in a three-year period in Ruse for the project.
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
April 10 The Bulgarian capital offers for sale fifty hotels at an average price of EUR 737/m2, shows data Media Apart from the country's summer and winter resorts, supply of hotel complexes is concentrated primarily in Sofia and the second-biggest city of Plovdiv.
April 10 Britain's Apace Media increases Diema Vision stake to 66% Media The acquisition of Diema brings to 6 the television channels which Apace already owns in Bulgaria.
April 10 NATO to shell out $62 m for Bulgarian air bases Media Bulgaria will receive the money for the modernisation of the military airports in Graf Ignatievo, near Plovdiv, and Bezmer, near Yambol.
April 7 Germany's Pregis plans to buy two Bulgarian factories Media The factories are Texan and Polizol, both based in Sandanski, South-western Bulgaria. The acquisition will affect the market for unknitted disposable fabrics for medical use.
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

Spain's Ubbicalia to build logistics center near Sofia airport

- Investor: Ubbicalia Bulgaria, a unit of Spanish construction and engineering group Detea
- Project: construction of a large logistic center near the Sofia International Airport
- Investment: EUR 15 m
- Size: 5.0 ha site of built-to-suit offices and warehouse buildings
- Timeframe: construction works scheduled to begin in late 2006 and should be completed in 3 years.

Detea, which has been doing business in Bulgarian for 2.5 years, has so far invested here EUR 25 m and intends to spent another EUR 120 m by 2011 on projects developed by Commercia, the division for commercial and entertainment properties, and Ubbicalia, the division for industrial, logistic and production facilities. Detea is currently building the EUR 50 m Commercial Park Sofia, a shopping destination adjacent to Business Park Sofia which will sport an array of retail outlets. The center should be finished in late 2007 or early 2008.
The area around the Sofia International Airport is quickly becoming a logistics hub with a handful of developments in progress. Tishman and Business Park Sofia owner Lindner have teamed up for the EUR 65 m Sofia Airport Center. Israel's Engel has announced plans for a EUR 45 m logistics center without specifying a launch date for the construction works.
Showcase of important issues, deals, and events.
With the contribution of Rivas
April 12, 2006