Business Projects Bulgaria
A whole new district with a residential complex and a business project will be erected in the capital, next to the future Sofia Ring Mall near Bulgaria‘s sole IKEA store. Greek investors Fourlis and Danaos plan to invest EUR 70 M in a residential complex and a further EUR 50 M in a business project, both part of the EUR 300 M Sofia Ring Development. Sofia Ring Development is scheduled to be fully completed in 2019. Sofia Ring Mall, which is to become Bulgaria‘s largest retail and entertainment destination together with the closely located store of IKEA Bulgaria, will be the first building to be unveiled in the mega complex in about a year. The shopping center will provide to its customers views towards the city and Vitosha Mountain and a lot of green areas. It will feature a tenant mix of over 200 stores, including fashion and sport stores, entertainment facilities, a 10-screen cinema multiplex.
Bulgaria Sees EU’s Largest Annual Industrial Production Increase January 2013
Bulgaria‘s industrial production increased by 8.0% in January 2013 compared with January 2012, according to Eurostat. Bulgaria and Lithuania registered the highest growth among all EU member states for which data are available (+8.0%), followed by Estonia (+5.5%). In January 2013 compared with January 2012, production of durable consumer goods fell by 5.5% in the euro area and by 4.3% in the EU27.Intermediate goods dropped by 3.1% and 3.4% respectively. Capital goods decreased by 2.6% in both zones. Production of energy increased by 0.9% in the euro area and remained stable in the EU27. Non-durable consumer goods rose by 3.1% and 2.2% respectively. Among the Member States for which data are available, industrial production fell in eleven and rose in seven.
China’s Yutong Bus Mulls Opening Factory in Bulgaria
China’s Yutong Bus company considers opening a bus factory in Bulgaria, Bulgarian media have reported. A Yutong delegation headed by Roger Zhou, Sales Manager of the company’s European and North American Division, visited the Bulgarian Black Sea city of Burgas on Wednesday, according to Darik radio. The delegation was welcomed by local officials, including Deputy Mayor Krasimir Stoychev. The Yutong representatives are said to be satisfied with the local infrastructure in Bulgaria.