Date Target Vendor Investor Size Comment
April 18 Raised capital Elana Agricultural Land Opportunity Fund n/a EUR 20 m The fund will issue 39.863 m new shares with issue price of BGN 1.25 and nominal value of BGN 1. The minimum subscription target is 10 m shares.
April 17 Construction of two co-generation plants Sofia Municipality Austria's VA Tech Hydro and Bulgaria's New Energy Vision ~EUR 40 m The Sofia municipality also decided to continue seeking investors for other co-generation facilities. The Austrian company has already been contracted by the state on another project, for the construction of the EUR 220 m Tsankov Kamak hydro complex which is due for delivery in 2009.
April 14 Capital increase Bulgarian Central Cooperative Bank (CCB) Bulgarian Central Cooperative Bank (CCB) EUR 12.4 m The transaction was fulfilled through the issuance of 24,253,593 new shares with BGN 1.00 par.
April 14 New co-generation power plant Bulgarian veterinary drug maker Biovet Bulgarian veterinary drug maker Biovet EUR 11 m The co-generation project enabled Biovet to sign in September 2004 a contract for the delivery of 486,000 emission reduction units to the Dutch government.
April 12 Investments in SEE countries Investment projects mainly in Bulgaria and Romania The European Bank for Reconstruction and Development (EBRD) EUR 20 m The investments will be done through the Spanish private equity group GED's second Eastern fund.
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 17 Bulgaria's Smolian calls tender for EUR 60 m ski complex Smolian Municipality Smoljan is situated in the Rhodopa mountain,close to Parporovo ski resort.
April 17 Austria's Strabag and 5 Bulgarian companies bid to build section of Sofia beltway The Bulgarian Road Executive Agency (REA) The state has allocated EUR 15 m for the 4.7 km project from the budget.
April 17 German discount retailer Lidl eyes Bulgarian market Media The company is already shopping around for suitable sites and plans to spend EUR 150 m on the rollout of 15-20 stores.
April 14 Bulgaria and Russian Gazprom in talks over 20 bn cubic metres gas transit by 2025 Bulgarian Economy Minister Gazprom wants to trade off the price hike for investment in Bulgaria's household gas distribution grid, an increase in gas transit volumes and participation in the privatisation of the Sofia district heating company and in the construction of the Belene nuclear power plant.
April 13 Bulgaria's Metal Technology Group Angel Balevski Holding AD bids EUR 46.6 m euro for Bulgarian forklift truck maker Balkancar Sredets The Bulgarian Privatisation Agency The assets which have been put up for sale include Balkancar Sredets's 122,000 sq metre manufacturing site in Sofia with its 39 buildings and recreation facilities in the coastal town of Kiten and near the town of Samokov, in the Rila mountain.
April 13 Bulgaria, Czech CEZ agree on EUR 206 m sale of Varna power plant The Bulgarian Privatisation Agency During the acquisition talks, CEZ improved by EUR 14 m to 206 mln euro its bid for the power station. Initially, CEZ offered EUR 192 m or EUR 335.50 per share.
April 12 Italy's Enel ready for majority stake in future Bulgarian n-plant Enel n/a
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

Real Estate Investments in Bulgaria's second biggest city

- Investor: Landmark - Properties Bulgaria, a property investment and management company
- Investment: EUR12 m
- Project: construction of a commercial park on the southern exit route of Plovdiv: retail outlets selling food, furniture, consumer electronics, household and home improvement goods
- Timeframe: the project is scheduled to begin by the end of 2006 and wrap up by the fall of 2007
- Size: 42,000 sq m park, built-up area of 18,000 sq m and 500 parking spots.

50% of the premises have already been leased.
Landmark is co-owned by investment advisers Altima Partners, Iceland's Landesbanki and Gort Securities, the owner of the Radisson SAS hotel in Sofia.

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- Investor: Real Estate Investment Trust Activ Properties
- Project: construction of a logistics center near Plovdiv's Krumovo airport
- Size: 45,000 sq m logistics base to later reach 100,000 sq m in area with transportation links to European corridor 8 and the Plovdiv airport

The complex will be exclusively a storage area with minor capacity for the constriction of production facilities.
Activ Properties is considering another capital raise to finance its investment program and will offer for sale shares worth EUR 10 m by the end of 2006
Showcase of important issues, deals, and events.
With the contribution of Rivas
April 19, 2006