27.03.2009

Dear Property Investor,

 

Firstly I would like to thank you for spending a moment of your valuable time to read our opening newsletter early this week.

 

According to the feedback we're getting it seems it was a helpful one. We've actually received numbers of ideas and proposals on how to improve it for the future. Some of these we're putting together from this issue on. Others would need more time for us to get onto.

 

So here you will find just the top three news for the last 48 hours with their respective dates and link to the source, as well as some way below the market value property in Bulgaria, currently available for sale on our books. And we're keeping our ears for all your comments and suggestions on this free property newsletter service aimed to help you make your investment most profitable and easy.

 

And here it is again -- If you don't want to receive our free property newsletter please just click here to immediately unsubscribe from Properties in Bulgaria mailing list.

 

 

 

Today's Topics

 

US Ambassador: Corruption is Number One Problem in Bulgaria
The US Ambassador to Bulgaria, Nancy McEldowney, has stated that corruption and organized crime are the most serious problems that Bulgaria faces......[more]

 

Ireland President McAleese: Irish Expats Bring Us Together
Bulgaria's leaders, President Parvanov and PM Stanishev, welcomed the President of Ireland, Mary McAleese, to Sofia Wednesday.....[more]

 

FT: Bulgaria Less Dramatic amidst Eastern Rumbles
"The demise of three east European governments in six weeks suggests the region faces instability at a time when strong governments are needed," the Financial Times wrote, commenting on the political situation in Eastern Europe.....[more]

 

Today's Special

 

Ski Villa next to Borovets Ski Resort: GBP 29,000
This two bedroom detached ski villa is fully renovated to a high standard. The villa boasts spectacular views of Borovets resort and the surrounding countryside.....[more]

 

 

 

Should you need any further information on Bulgaria and/or property investment please do not hesitate to contact Properties in Bulgaria.

 

 

Sincerely yours,

 

 

Nick Lavtchiev, MSc.

Properties in Bulgaria Managing Director

 

4th Floor, 16 Sv. Nedelya Sqr.
BG-1000 Sofia, Bulgaria

T: +359(0)2 9862863

F: +359(0)2 9861743

W: propertiesinbulgaria.com

 

 

 


US Ambassador: Corruption is Number One Problem in Bulgaria
March 26, 2009, Thursday

Photo by daylife.comThe US Ambassador to Bulgaria, Nancy McEldowney, has stated that corruption and organized crime are the most serious problems that Bulgaria faces.

 

McEldowney said that during her visit to Washington last week she talked to the new US administration about the "very important" problem of the global economic crisis and also about the US partnership with Bulgaria.

 

McEldowney was speaking in an interview on bTV Thursday. She went on to say that the US is a committed friend of Bulgaria and that they will talk truthfully about the problems they see in Bulgaria.

 

Ambassador McEldowney said that one of the problems she has noticed is the vote buying issue, stating that the vote of one citizen is an instrument that can decide the future of the country.

 

She added that "corruption is a problem that every country faces. Bulgaria did not invent corruption. But corruption and organized crime are the biggest problems in your country, everyone including the politicians have to fight against it."

 

McEldowney refused to be drawn into the debate on who will be the next NATO Secretary General or whether the US would be supporting Bulgaria's candidate Solomon Passy, by saying that all the candidates are of a high pedigree.

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Ireland President McAleese: Irish Expats Bring Us Together
March 25, 2009, Wednesday

 

Photo by BGNESBulgaria's leaders, President Parvanov and PM Stanishev, welcomed the President of Ireland, Mary McAleese, to Sofia Wednesday.

 

"The large number of Irish who visit Bulgaria are the natural bridge between our two countries because the contact between people is the most important thing, and it has been growing steadily in the recent years", President McAleese said during her meeting with Stanishev.

 

The Prime Minister declared in turn that Bulgaria was learning from Ireland's experience, especially in the field of the absorption of EU funds.

 

President McAleese and PM Stanishev discussed the measures the countries are undertaking in order to tackle global financial crisis effects agreeing these should include a boost of European-wide and international partnership.

 

Both leaders were positive that energy security and the diversification of the energy sources should be a top priority for the EU.

 

Bulgaria's Prime Minister pointed out that the ratification of the Lisbon Treaty, which the Irish voters rejected in a June 2008 referendum, was extremely important for the functioning of the EU institution.

 

President McAleese declined to predict whether a second referendum in Ireland would pass the Lisbon Reform Treaty but thanked Bulgaria and the EU as a whole for allaying the misgivings of the Irish people over the Treaty.

 

On Thursday, Ireland's President will open a seminar entitled "Bulgaria and Ireland - European Partners" at Sofia University, and she will complete her visit to Bulgaria by travelling to the southern city of Plovdiv, and the Bachkovo Monastery.

 

Paradoxically, President McAleese's visit to Sofia ends just before the Ireland-Bulgaria World Cup 2010 football qualifier taking place on Saturday.

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FT: Bulgaria Less Dramatic amidst Eastern Rumbles

March 26, 2009, Thursday

 

Photo by businessweek.com "The demise of three east European governments in six weeks suggests the region faces instability at a time when strong governments are needed," the Financial Times wrote, commenting on the political situation in Eastern Europe.

 

It points out that Bulgaria may see turmoil, though on a less dramatic scale, with the Socialist administration facing likely defeat in parliamentary elections this summer because of a poor anti-corruption record and economic distress.

 

"With the moderate centre-right groupings weak, the likely election winner is GERB, the anti-corruption party led by Sofia mayor Boyko Borisov," the Financial Times forecasts.

 

According to the article the demise of the Czech government had little to do with the economy and everything to do with political weakness. Mirek Topolanek, the centre-right prime minister, had a majority of just one in the 200-seat parliament. He survived four no-confidence votes before falling to a fifth, called by the Social Democrat opposition over a vote-buying scandal.

 

Hungary and Latvia are more worrying, since they both entered the global crisis with home-grown economic difficulties, have needed EU/International Monetary Fund rescues and may face deep recessions.

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Below Market Value:  Ski Villa Near Borovets Ski Resort for GBP 29,000

March 26, 2009, Thursday

 

Photo by propertiesinbulgaria.com This two bedroom detached ski villa is fully renovated to a high standard. The villa boasts spectacular views to Borovets resort, Samokov town and the surrounding countryside.

 

The villa is situated near the all year round resort of Borovets (soon to be Super Borovets) and the town of Samokov. The villa has its own natural water supply, mains electricity, septic tank, satellite television and has full mobile phone coverage and a rear parking bay. It comfortably sleeps 4 people with additional sleeping for up to 6 (downstairs sofa bed).

 

There is 24 hour security attached to the property and a resident English couple lives in a nearby house.

 

Ground floor: Living Room, Kitchen and Shower/WC room.

 

First floor: Two double bedrooms both with balconies, overlooking views of the mountains and ski slopes.

 

Garden: Outside there is a 500 m2 garden. Land included freehold.

 

Local Area: The villa is located in a peaceful area of the Rila Mountains. Close to all local amenities (see list below) which makes it ideally situated for 12 months rental potential, with its skiing, walks, lakes, golf courses, resort, town, places of interest and beautiful scenery.

 

Distance from Villa:

  • Samokov Town - 5 Minutes
  • Samokov Grand Prix (world championship motor cross) - 5 Minutes
  • Borovets (soon to be Super Borovets) Resort - 10 Minutes
  • Iskar Lake - 15 Minutes
  • Belchin Spa Resort - 15 Minutes
  • iBar Golf & Country Club - 25 Minutes
  • Air Sofia Golf & Country Club - 25 Minutes
  • Sofia City - 40 Minutes
  • Sofia International Airport - 45 Minutes
  • Plodiv City - 1 Hour
  • Rila Monastery - 1 Hour 30 Minutes

More details and photos of this property are available here

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*The above information courtesy of novinite.com and propertiesinbulgaria.com

 


 

     
 

16 Sveta Nedelya Sqr, 4th Floor, Sofia, , Bulgaria
t: +359(0)2 9862863 | f: +359(0)2 9861743
e:
[email protected] | w: propertiesinbulgaria.com