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What The Papers Say

Bulgaria shakes off grim image to become top holiday choice
By Fiona Govan
(Published in the Sunday Telegraph, 11/01/2004)

It was once the epitome of grim Communist uniformity, but Bulgaria is emerging as this year's hot destination for British tourists.

Sales figures indicate that up to 200,000 Britons will travel to the Balkan nation's Black Sea resorts this summer, where the attractions include cheap drink, large sandy beaches and temperatures in the 80s.

One British tour operator has already named Bulgaria as the top place to visit this year, while a report in America last week also named it as being among the 10 best international destinations.

The emergence of Bulgaria, and its 240-mile long "Black Sea Riviera", has been helped by the Euro's rising value against the pound. This has made holiday spots such as Greece and Spain far more expensive for Britons than non-euro countries.

Thomson Holidays, Britain's largest tour operator, said that it had included Bulgaria in its brochure for the first time this year.

The country, where a seven-day holiday in a three-star hotel, including bed and breakfast, costs from £259 per person, was already one of its three best-selling destinations, along with Florida and Cyprus.

"Bulgaria's biggest selling points are the great beaches and sunny climate combined with attractions including wine tasting, aqua parks, ancient monuments, nature parks, music and flower festivals," said a spokesman for Thomson.

"It's also really cheap when you get there - a pint of beer is 50p, a meal for two can be had for under £5, and a decent bottle of wine for around £2. The holidays are considerably cheaper than the equivalent in Spanish, Greek or Portuguese resorts."

Bulgaria's Black Sea resorts boast white sandy beaches, warm seas and temperatures that average 80F (26C)during the summer.

The country, which is roughly half the size of Britain, also has mountains and lakes and claims to be the motherland of the mythical songster Orpheus and of the gladiator Spartacus, who led a slave revolt against the Romans.

The principal Black Sea resorts in Bulgaria are Albena, Golden Sands and Sunny Beach. Golden Sands lies close to Varna, another resort where Leonid Brezhnev, the former leader of the Soviet Union, holidayed during the Communist era. Todor Zhivkov, the former Communist leader of Bulgaria also used to take his holidays on the Black Sea, at the resort of Evksinograd.

Sean Tipton, a spokesman for the Association of British Travel Agents, said that Bulgaria was the fastest growing holiday destination for 2004 and that at least 200,000 Britons were likely to visit this year - nearly double last year's total.

"Previously holidaymakers have been put off from visiting the country because it has been difficult to get there and because the accommodation was not up to standard," he said. "All that has changed in the last few years. At the moment it is fantastic value for money, but it won't stay that way for long."

First Choice Holidays, which has offered package holidays to Bulgaria since 2000, said that the country was its "star performer".

Richard Curtis, its spokesman, said: "At a time when holiday bookings are down almost 25 per cent on last year to destinations across the board, Bulgaria's performance is phenomenal. We have already increased our sales of holidays to Bulgaria by 100 per cent and it is only the second week in January."

A report in the The Washington Post last week named Bulgaria as one of the world's top 10 international destinations of the year, alongside more predictable choices such as Botswana, the Bahamas and Ecuador.

The country is not only attracting package holiday makers: the capital Sofia is luring weekend visitors with its historical churches, museums and boulevards.

Marin Dimitrov, a spokesman for the Bulgarian Embassy in London, said that his country welcomed the influx of British tourists.

"Bulgaria has a rich cultural and historical background that has a great deal to offer foreign holidaymakers," he said. "We are delighted that people are recognising this and coming to visit our country. This is a very good thing for Bulgaria."

 

AN INCREASING NUMBER OF BRITONS ARE INVESTING IN PROPERTY IN BULGARIA.
Liverpool Daily Echo (12 Feb 2004)
According to the newspaper Bulgaria is a relatively unexplored and untapped market for property buyers and hence offers the opportunity to maximise capital growth and rental yields. It is becoming increasingly popular with couples and families. Some of the most popular areas are along the Black sea coast: Nessebar, Balchik, Varna etc. The cost of living is cheap. A three bedroom house can be purchased for just £8,000,an 11 bed house/villa for around £45,500 and you can even get a 19 room hotel for pounds 345,000. Direct flights to the capital Sofia take around 2.5 hours.

 

BULGARIA'S REAL ESTATE MARKET HIT 24-28 % RISE IN PRICES 2003
Sofia Morning News (22 Feb 2004)
The average 2003 increase of Bulgarian real estate prices is between 24 % and 28 %, the Real Estates National Association Chairman Orlin Vladikov announced on Saturday.

The boosted bank crediting at lower interest rates and the straight-forwarded state foreign policy are considered among the main reasons thereof.

Most aspired are small-sized panel apartments, between 60 and 80 sq.m., which have seen a 100 % increase in some suburbs of capital Sofia in 2003.
 

 

BULGARIA IS THE FASTEST DEVELOPING TOURIST DESTINATION IN EUROPE
Sofia Morning News (4 March 2004)
Bulgarian treasury enjoyed a 21 % increase in tourism income for 2003, Economy Ministry announced on Wednesday.
The reported flow of USD 1.622 B has outreached the expected results of about USD 1.5 B. That financial picture is even more impressive on the background of the global decreasing trend in the sector, marking a 1.2 % slope in 2003.
A total of 4.047 million tourists have come to Bulgaria over 2003, which makes for 17.9 % more visits than previous year. December only, when the winter season kicked off, has seen a 28.34 % increase of tourist flocks.

Greece tops the list of mostly interested in Bulgarian holiday making, with 547,000 visitors, Germany and Macedonia at its heels. The official data showed that Bulgaria has become even more attractive to the EU with 25-30 % more tourists from there.
Bulgaria is the fastest developing tourist destination on the Old Continent, according to surveys of the European Tourism Commission.

BRITISH PENSIONERS SPEND ABOUT 1000 EUROS PER MONTH IN BULGARIA
Veselina Angelova, Trud daily (18 March 2004)
“We chose the sunny Bulgaria to spend our old age. Your country is enchantingly beautiful – a piece of the paradise. We live in peace and abundance and we don’t miss anything. The nature and the climate are wonderful, the people are so nice.” This are words of British pensioners, who since the previous summer live in the village of Beljakovets, region of Veliko Tarnovo. The village is only 3 km away from the old capital of Bulgaria and already welcomes four retired English families.
Stanley Thompson, 59 and his wife Jane live in a house, which they bought for 12 000 GBP. Their fellow country people Alan and Patricia Thornton have purchased a beautiful two-story villa with garden for 50 000 USD.

“All the time they say it’s very cheap here. They spend 1800 – 2000 BGN (apprx. 1000 Euros) a month. Four-five times a week they have supper in the restaurant “Lucky Man” in Veliko Tarnovo and they love to go to mechanas with live music. Often they go on excursions around the country. Some of them have personal farms with donkey, pigs and hens”, says Ilia Danev from Beljakovets, a close friend to the foreigners.

“In what country we live in! We hardly live through the month with our pensions, our children go to work abroad, while the foreigners buy houses here!” are some of the comments of the local people.



BULGARIA IS THE FASTEST DEVELOPING TOURIST DESTINATION IN EUROPE
Sofia Morning News (4 March 2004)
Bulgarian treasury enjoyed a 21 % increase in tourism income for 2003, Economy Ministry announced on Wednesday.
The reported flow of USD 1.622 B has outreached the expected results of about USD 1.5 B. That financial picture is even more impressive on the background of the global decreasing trend in the sector, marking a 1.2 % slope in 2003.

A total of 4.047 million tourists have come to Bulgaria over 2003, which makes for 17.9 % more visits than previous year. December only, when the winter season kicked off, has seen a 28.34 % increase of tourist flocks.

Greece tops the list of mostly interested in Bulgarian holiday making, with 547,000 visitors, Germany and Macedonia at its heels. The official data showed that Bulgaria has become even more attractive to the EU with 25-30 % more tourists from there.
Bulgaria is the fastest developing tourist destination on the Old Continent, according to surveys of the European Tourism Commission.




BULGARIA BOASTS ROBUST TOURISM GROWTH
Novinite.com (28 June 2003)
Bulgaria enjoys robust tourism growth even in the aftermath of Iraqi war. Over the first five months of 2003, the number of tourists to the country has gone up by 3.5 percent with data in May alone indicating an increase of 6.9 percent. The upward trend is mainly due to arrivals from the European Union, which have soared by 21.8 percent compared to January-May, 2002.

The greatest share is that of Greek tourist, followed by Macedonians and Germans. Denmark holds the record in swelling visitor percentages according to Bulgarian statistics: since the start of the year Danes vacationing in Bulgaria have increased by 85 percent. A significant leap in number of tourists to Bulgaria was also made by Cyprus (52 percent), Poland (31 percent), Switzerland (30 percent), Great Britain (29 percent), and Greece (29 percent).

According to preliminary data, Bulgaria's tourism revenues amount to USD 172 M over the first three months of 2003. This makes for a year-on-year growth of 13 percent.

Upon announcing those figures on Friday, Bulgaria's Economy Ministry boasted that statistics was encouraging having in mind the cancellations and the plummeting reservations "in other parts of the world and even some neighboring countries." The ministry also underlined that in spite of slowed bookings at some big markets in March and April, the Iraq crises did not affect Bulgarian tourism sector.
BULGARIA BECOMES NATO MEMBER AT ISTANBUL SUMMIT IN MAY
Novinite.com (26 June 2003)
Bulgaria will be welcomed as full NATO member in May 2004 in Istanbul. According to Turkish officials and Alliance reps, the summit that will celebrate the big-bang expansion will be hosted by Turkey.

Bulgaria together with six other East European countries obtained NATO invitations in November, 2002.

Romania, Latvia, Lithuania, Estonia, Slovenia and Slovakia are the co-applicants who also expect to enter the Alliance next year.

 

BULGARIA IS SUCCESSFUL IN THE TOURISM SPHERE
Odyssey magazine (12 December 2003)
Lidija Shuleva, a Vice-premier and Minister of Finance in an interview published in Odyssey magazine by Katya Petrova.

- Mrs. Shuleva, Bulgaria became a member of the Executive Council of the World Tourism Organization. What kind of priorities does this membership gives?
- This choice is not an accidental one. It is a result of the achievements in the recent years in the sphere of tourism. This membership is undisputed evidence that Bulgaria has a good international image and is a preferred tourist destination. It is very important that this is happening now, when we are on our way to become members of the European Union and the World Tourism Organization is becoming a specialized agency of the United Nations Organization.

The membership in the Executive Council will bring us not only prestige, but also responsibilities and adequate work in the Organization, which defines the development policy of the world tourism and the tourism know-how.

- Not long ago on the Fair “Interstas”, which took part in Split, Croatia, Bulgaria was granted the award “Exceptional services in the tourism sphere – 2003” given by the European Federation of Journalists, working in the tourism sphere. How did Bulgaria managed to evoke their interest and how will this prize reflect on its future image?

- Besides the presentation given on the International Fair in Split, the interest of the international journalists was undoubtedly drawn by the fact that the Ministry of Finance organizes annually visits to Bulgaria of more than 60 foreign specialized teams of journalists. This is done in order to promote Bulgaria as a good tourist destination. Every such award, given by journalists and especially journalists working in the sphere of tourism means a lot and is a prerequisite for a future positive attitude towards the tourism in Bulgaria and the country as a whole.

- Bulgaria had a quite successful summer season 2003, what are your expectations for the coming winter season?
- The winter tourism in Bulgaria compared to the summer tourism, represents a small part, but we expect to have 10-13 % more foreign tourists this season, compared to the period December 2002 – March 2003.

The British Company “First Choice” is expected to bring 10 % more tourists, while the giant in the tourism sphere TUI has entered for the first year our winter resorts in its programs. We hope this season we will also have quests from Ireland.

Our ski resorts are absolutely ready for the coming winter season. In Bansko we have new ski-facilities with high traffic capacity and modern equipment for maintaining of the pistes in good condition. The investment will be at the amount of ˆ 30 millions – a good proof of the seriousness and ambitions of the ski-tourism in Bulgaria.

Quite encouraging is the fact that in the recent years our winter resorts improved significantly the quality of the services. This fact, combined with the magnificent nature, makes our winter resorts very attractive to the foreign tourists.


BULGARIA WITH MOST FAVOURABLE FINANCIAL FRAMEWORK AMONG EU ASPIRANTS
Novinite.com (13 Feb 2004)
Bulgaria received the best financial framework in comparison with the other EU aspirants, which obliges us to act with due responsibility in spending the funds, Bulgaria's Prime Minister Simeon Saxe-Coburg underlined in a special speech in Parliament dedicated to the financial framework for Bulgaria over 2007-2009 suggested by the European Commission.

On Tuesday, the Commission proposed that the share of the EU budget devoted to Romania and Bulgaria for the period 2007-2009 total EUR 15.4 B in commitments and EUR 9 B in actual payments. A total of EUR 4.245 B should go to Bulgaria.

"Let's face it - Bulgaria's membership in the European Union is tough, long-term commitment that will bring us not only good things. We will meet with many difficulties. It must be clear that the enterprising and industrious will be the ones to benefit from EU membership. The money will be paid to enterprising people," Saxe-Coburg told MPs.

The prime minister underlined that the allotment of such a generous financial aid package must have been a difficult decision in view of the economic difficulties experienced worldwide and in the EU. He praised the Cabinet for their vision during the negotiations with Brussels and for their fruitful efforts in the country.

Now is the time when issues, crucial for the development of the country in the next several years, are being solved; the time has come for the players in the socio-political life, who initiate campaigns against certain institutions and persons, to take on the responsibility for their actions, the prime minister said in his speech. Saxe-Coburg apparently referred to the legal claims on his hereditary property and the lodging swindle scandal that raged in the country over the sale of state-owned apartments to high-ranking officials in the state administration at preferential prices.

Despite these campaigns, the prime minister vowed the Cabinet's willingness to modernize Bulgaria.

Bulgarian state leaders, including Foreign Minister Solomon Passy, Euro-integration Minister Meglena Kuneva and Finance Minister Milen Velchev expressed content with the proposal just after it was published.

 

 
BULGARIA "RIVALS" SPAIN TOURISM INDUSTRY
Novinite.com (15 Feb 2004)
Spain's tourism industry is already suffering because of competition from Bulgaria, The Times wrote on Saturday, citing Rachel O'Reilly, spokeswoman for Thomson Holidays, Britain's largest tour operator.

She singles out Turkey,Croatia, Egypt, the US and the Caribbean as the other rivals of Spain.

Tour operators and travel agents in Spain have reacted violently against the suggestion of a tourist tax, which would affect about 1.3 million tourists visiting resorts such as Lloret de Mar, Sitges and Salou.

Tourism to Spain was on a high last year, with 12.5 million visitors from Britain compared with 12.1 million from France, but O'Reilly said that there were fears in all euro countries that the pound's weakness against the euro could mean a sales dip this summer.
 
SOFIA RESIDENTIAL PROPERTY MARKET SEES RISING DEMAND
Sofia Morning News (18 Feb 2004)
The average price of residential Real estate in Bulgaria's capital by December 2003 stood at EUR 400 per sq.m., according to the latest data from ADIS Real Estate.

The figures reflect a surge in demand on the Bulgarian property market, which is seen in all categories of residential areas. Demand is concentrated primary in the big urban centres and the Black Sea coastline, where it exceeds the supply.

Low levels of unemployment in Sofia last year - almost 3,6% and the constantly expanding credit market with 80% increase of the mortgage landing in 2003, are the main factors that contribute for the brisk demand on the local property market. These features are also characteristic for the Black Sea towns of Varna and Burgas, where the steady economic development and increasing investments in the tourism industry attract more people from inland Bulgaria. Data shows the increase in real estate property prices in Burgas and Varna to be by some 17% higher than the average for the country.

The statistics of the International Real Estate Federation (FIABCI) show that London tops the ranking for residential property prices among capitals and major cities of the countries, members of FIABCI - almost 60 in number, with over EUR 9000 per sq.m., outstripping New York, Tokyo, Singapore and Paris. Sofia occupies the last place in the ranking.

The CEO of ADIS, Deyan Kavrakov forecasts the rising trend in residential prices to continue gradually in 2004, though on a smaller scale. An increase can be expected in high-quality real estate such as gated communities, which were more recently discovered by local investors.
 

 

PURCHASE OF BULGARIAN REAL ESTATE BECOMES EASIER FOR FOREIGNERS
Anna Kastreva, Dnevnik Daily (15 March 2004) www.dnevnik.bg
Foreigners will be able to purchase real estate properties without special licenses from the government. Members of the Parliament Economic Commission voted down on second reading, the text of the Investments Encouragement Law, according to which the foreigners had to ask the cabinet for such a license. Irrelevant became also the requirement for special license from the Ministry of Defense and the Ministry of Internal Affairs for purchasing real estate properties in the interior areas of the country, close to the national security objects.

The grounds for this vote are that such restrictions do not correspond to the law, whose purpose is to encourage the investments. The law is to be adopted by the parliament on second reading.

In the beginning of March, at the conference of the Bulgarian Industrial Business Association (BIBA), the American Trade Chamber and the Bulgarian-German Chamber was requested these restrictions to be dropped off. At the moment the Real Estate Agencies face difficulties in interpreting the Foreign Investments Law and the regulations for applying the Law of the Ministry of Internal Affairs, since there are many unclear points concerning the property or land acquisition in urbanized territories at the border area, in connection to the national security.

Due to the same reason, the Notary Publics faced difficulties to perform the sale formalities of land along the Black Sea coast, which according to the real estate agents is an obstacle for the realties market. Companies in this trade sphere explain that the foreign investors used to buy properties and land via figureheads, but in the long run this practice is not serious and may lead to exodus from the most perspective construction regions in Bulgaria.

The main problem for them is due to the ambiguity in the interpretation of the term “border area”. The lawyers regard the term as applied only for the land and river borders, since according to the Sea Area Law, the sea coast is not considered a state border.
As by the Foreign Investments Law enacted, a juridical person on the territory of Bulgaria can acquire property and restricted law of estate over realties.
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According to the “Alliance & Leicester International” report in 10 years time about 2.3 million British people aged over 50 or 1/8 of the British population will spend their money abroad. Till 2020 every fifth pensioner will live outside of England. Bulgaria is among the countries, where the retired British people would like to have a dwelling. Croatia, Turkey, Spain, France and the English speaking countries are also in the preference list. According to the report, till 2012 the governments will offer different tax concessions and other alleviations in order to attract the pensioners. It is expected till 2020 at about 100 billion British pounds to be “exported” out of the British Economics and spend abroad.

Black and all right.

By JAMES MOORE.

17 April 2004
Daily Star


The Black Sea is turning out to be a bit of all white.

Bulgaria's sunkissed beaches are the new hotspot for holidaymakers.

With bargain deals and cheap food and booze, the country has recently been named one of the Top 10 international destinations.

And Brits are voting with their sun hats as they ditch traditional resorts in Spain and Greece for a brilliant Balkan break.

Bulgaria's stunning capital, Sofia, is great for weekend breaks and easily accessible from coastal airports for a beach holiday.

But the real draw of the former Communist state is its 240-mile coastline known as the Black Sea Riviera.

Here, after lazing in the sun on pristine sand, you can sink a bottle of local wine for about £1.50 or a beer for just 50p.

A meal for two costs no more than £5 and there's plenty of pizza joints, burger bars and Greek and Italian restaurants to try, alongside the Bulgarian taverns and folk venues.

Despite the bad reputation of eastern European fare, Bulgarian food is surprisingly tasty. Favourites include minced meat rolls and speciality salads.

But more humble feeds are a bargain, too. An ice cream will set you back just 40p, while a burger is typically around 30p.

And although it is a relatively poor country, crime is no worse than in any of the traditional destinations.

So here's our guide to some of the best Bulgarian beach resorts ...

ALBENA named after a local beauty, this resort just south of the Romanian border is getting a top-notch reputation for its buzzing nightlife and seven-mile sandy beach.

It is child-friendly and activities include everything from parascending and Jeep Safaris to mini-golf.

At night, the Variety Club is a must, while great bars include Arabella's and the Fisherman's Hut.

For a quality traditional eaterie, stop at Slav's Corner. But there's every kind of food here, including a Norwegian steak restaurant.

GOLDEN SANDS Bulgaria's second-largest resort is set on a pretty hillside, but the fabulous beach shelves gently and is ideal for youngsters.

There is an array of water sports on offer and the resort is famous for its diving centres.

There are plenty of food options, including pizza and hamburgers. But for a real Bulgarian experience try venues such as Sheepfold and Izvora.

Golden Sands also has a string of Western-style discos. The best is called Bonkers.

SUNNY BEACH with glorious sands and soaring summer temperatures, this resort certainly lives up to its name. Its fivemile beach has an attractive promenade with a mini-train.

It's the biggest resort on the Black Sea and a great place for water sports of all kinds. Check out the great local cabaret at Khan's Tent, one of the resort's superb discos. There are also plenty of top restaurants.

Perfect for families, there's a brilliant water park and many of the hotels have great clubs for children.

There is easy access from the airport at Bourgas 30km away and twoday round trips can even be made to Istanbul in Turkey. It's also near the fishing village of Old Nessebur.

ST KONSTANTIN a quieter resort near the bustling port of Varna, excellent for couples and older visitors. It is beautifully positioned in woodland and dubbed "the garden village".

The beaches are superb. Best nightlife in the town is at the Grand Hotel Varna.

FACT FILE A seven-night half-board holiday at the three sun plus Hotel Laguna Garden in Albena costs £1478 from First Choice for a family of four with two adults and two kids.

The Sunday Times – Property
December 28, 2003

Cheapest on earth?
To bag a bargain holiday home, widen your horizons. Deany Judd goes off the beaten track to find a place in the sun for under £25k

At the end of the day it’s no more expensive than a caravan in Bridlington,” says Jan Turner, a public-relations director, of the new three-bedroom flat she and husband Robert have just bought in Goa, India. Spurred on by the glut of holiday-home programmes and cheaper and more regular long-haul flights, Britons are widening their horizons when it comes to buying abroad. The stampede for overseas homes is switching to further-flung destinations where low price tags are attracting more British buyers: Turkey, Thailand, India, Brazil, South Africa and Croatia are increasingly popular targets.

But prices of £25,000 or less for a place in the sun tend to bring some disadvantages, ranging from unstable political systems and long flight times to complex legal systems that can make property ownership a minefield.

Stephen and Wendy James, from Fareham, Hampshire, began to look abroad when their two sons went to university. They had holidayed in Bulgaria and decided to investigate buying a retirement base there. Searching the internet, they were overwhelmed by what they could get for their money, and in May this year they bought a four-bedroom villa in Samokov, a mountain resort about 40 miles from the capital, Sofia, for £13,500. Built in 1976, the Swiss-style house is on three floors, with the master bedroom on the top floor, a huge galley hall, an open-plan lounge-kitchen area and half an acre of land.

The process of buying property in Bulgaria — if done through a reputable company — is fairly pain-free, says Stephen, although he admits a lot is done on trust. The first time they arrived at their property they found a horse and cart being loaded with furniture he’d agreed to buy, and no electricity or water because gypsies had stolen the electric cable.

“We returned to the estate agency and they arranged a good security system, and the electricity was restored in a few days so all was well, but it was certainly an interesting start to property-ownership in Bulgaria.” Now when they visit they hire a car for about £8 a day when they land at Sofia, rather than pay the £20 taxi fare for the hour-long journey to their villa.

On Bulgaria’s Black Sea coast, a villa can be bought for £10,500 — less than the deposit on a similar-sized Spanish seaside property. Even a three-storey, five-bedroom house in a smart suburb of the coastal city Varna, with a sea view, would cost less than £60,000 and could rent for £700 a week during the summer. Properties have risen in value by 16% in the past 12 months, and the cost of living in Bulgaria is about a fifth of that in western Europe.

However tempting it sounds, Chris Northam, managing director of Bulgarian Trade Partners, warns: “It is very important that you take steps to ensure your purchase is watertight — there is a two-tier price market in operation, with one price for local purchasers and a higher price for non- Bulgarians. The legal ins and outs of individual ownership are quite complicated, as are the number of days a year that can be spent in the country.”

The James family is regularly approached by others interested in buying in Bulgaria. “Always make sure you deal with a reputable estate agent,” advises Stephen. “It’s vital you go to visit the area too — browsing on the internet, my brother-in-law couldn’t believe that we hadn’t gone for a beautiful house overlooking a lake, but in reality there’s the most ugly electrical generator right beside it. If you’d bought that blind, you ’d be sunk.”

 

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