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Nov. 2011 Deadline for re-registration Bulgarian companies 31.12.2011 Every one who has an established Bulgarian company before 2008 must Re-register it. If this is not done with the deadline may loss the company including the property that have been bought in Bulgaria. The deadline is 31.12.2011.

All companies have to make registration in the new online Trade register till the end of the year. If not this will lead to liquidation of the company and dissolving of its assets, including the properties that belongs to the company in Bulgaria.
Many foreign property buyers already have made their registrations, but many still have to do it. Time is running out!

The Law also request that all Bulgarian companies, no matter whether they are trading or not, publish their financial reports in the online register, starting from the reports for 2007. This should be done within 2 months after their company re- registration. This is also something that we or our lawyer can do for our clients.

Our advice is if you have a company in Bulgaria, not to wait till the last minute, but organize your company registration. Our lawyer will be ready to help you go through the whole process and act on your behalf.

For more information contact us by email or call us: +359 898 422 816

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Aug. 2011 New Airport in Balchik A growth of a least 50% in the number of Russian tourists are expecting all hotels in Bulgaria, specially these on the Blacks Sea Coast, after the conversion of the former military airfield in Balchik into a civilian airport. This information was announced by Dimitar Dimitrov, head of the Bulgarian Hotel and Restaurant Association for northeastern Bulgaria, told Dnevnik.
The airport is located on the northern Black Sea Coast will serve low-cost airlines, which will provide for a significant reduction in the cost of summer holidays in Bulgaria for many Russian tourists.
Dimitar Dimitrov said as well that the launch of the airport in Balchik would lessen the traffic pressure at the airfield in Varna and also facilitate at the northern sea coast.
The airport in Balchik will be priority for many Romanian tourists, who land their privet airplanes at the airport in Varna coming to play golf. With this airport they will be in the immediate proximity of the courses.

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Jun. 2011 SPA tourism in Bulgaria Searching of SPA tourism in Bulgaria have been rising three times for the last 5 years.

SPA tourism of worldwide importance has been raised twice since 2004 on. Even in period of crisis, when observe drop in the other popular tourisms, Spa vacations mark high growth.In Bulgaria there are a lot of places which you can visit for SPA procedures. In Bulgaria there are many mineral fields with more than 800 kind of mineral water in fully not built up destinations in Bulgaria. That’s why many Bulgarian and foreign investors have interest in such modern SPA complex.

One of the most popular SPA centers in Bulgaria are: Velin Grad, Pavel Banya/stara Zagora region, Bansko, Golden Sands, Sandanski, Pamporovo, Hisarya and many others.

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Jun. 2011 Rose festival 2011 in Kazanlak, Bulgaria Kazanlyk is important industrial, historical and cultural centre. The town is the capital of the Roses(rose growing) in our country.

May and June is the rose festival in Bulgaria. The rose festival in Kazanlak will take place on 3rd-6th June, 2011. In these days you can have a fascinating journey through the famous Valley of Roses.

The Rose Valley is majestic!. It is the home of the exquisite and rare Bulgarian rose oil, also known as “attar of roses”, a well renowned world center for rose oil production and the source of many of the world’s fines perfumes.

During May and June the Rose Valley is majestic, as the rose fields are blossoming and the entire valley is enveloped with their fragrance. To spend a night or two at Kazanlak is unique and rare experience.
Feel the roses as a resource for healing,creativity, balance, peace and beauty.
Come and be part of the rose festival in Kazanlak, Bulgaria.

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May. 2011 Most of the real estate deals in Bulgaria are made in five Bulgarian cities Sofia, Plovdiv, Burgas, Varna and veliko Tyrnovo- these are the five biggest regions in Bulgaria where have been made the most of the real estate deals in Bulgaria. These are the regions with growth of population accordingly to the finished counting. Approx 55-60 % of all real estate deals are made in these five cities.

In the following few years these will be the regions with growth of the property market. In the past few years of rising the real estate market was strongly influenced by the foreign investors. But in the future the main factor determining the real estate rates and the movement in the market will be the demographic processes.

The cities wist the most expensive real estates are Sofia, varna, Burgas, Veliko Tyrnovo and Plovdiv. Veliko Tyrnovo holds 3% from the property deals, Varna and Plovdiv – 10% of the deals, In Burgas approx 7%. In the past year the highest average real estate rates per sq.m of living area was not in Sofia-1568 BGN, but in Varna- 1579BGN. In Plovdiv the rates per sq.m living area are 1036BGN and in Burgas is 1196BGN.