Bulgaria joined EU on 1st Jan 2007
 
After 7 years of negotiation on 26th Sep 2006 it was announced that Bulgaria will be accpeted into the EU on 1st January 2007. This in turn will lead to many billions of Euros of EU money being invested into the countries with the main benefactors being infrastructure and farming.
 

Forget the hype, look at the facts
 
 - GDP is growing at more than 6% per annum and set to continue.

 - Tourism increased by 5% in 1st half of 2006 increasing to 2.8million tourists,  UK   tourists increased by over 20%.

 - Euro 6 Billion to be spent on infrastructure with an additional Euro 2 Billion on motorways, 720 km of new roads are planned.

 - World leading companies such as Microsoft, Google, Hewlett Packard and Deutsche bank are now setting up in Bulgaria.

 - 33,000 British nationals bought properties in Bulgaria so far, 3600 live permanently in the country.


The BBC            - EU approves Bulgaria and Rumania - 26th Sep 2006

The Independent - Bulgaria, Sofia so good

The Independent - Professional Investor: Now the new frontier lies to the east

The Independent - Skiing: There's till time to join the cold rush

The Independent - Bansko: The upwardly mobile ski resort

The New York Times - A Second Home in Bulgaria?



German, Austrian Pension Funds Eyeing Property in Bulgaria

Business: 13 February 2007, Tuesday.
German and Austrian pension funds have started investing in business properties in Bulgaria since the beginning of 2007.
Insurance companies are also eyeing the real estate market in the country Forton International has announced
Forton's manager Valeri Valchev commented that if 2006 had been the year of the big talking about business and office projects, than this one would be the year of actually concluding all those deals.
Demand grossly exceeds supply right now, Valchev explained and the conservative players that the pension funds are, are just entering the market now.
Forton International is an associated representative of Cushman&Wakefield in Bulgaria.