Balkan real estate expo BalPEx, one of the largest of its kind in South-Eastern Europe, opened its doors on April 18. For three days, the event will showcase more than 150 urban and vacation developments, office, commercial and industrial space worth in excess of two billion euro.
The event has gathered investors, lenders and non-banking financial institutions, consultants facing the real estate sector as participants.
Among landmark residential projects on display are the City of Fountains in Sofia's Mladost neighbourhood, Byala Cherkva in Kambanite neighbourhood, Residential Park Sofia opposite of the Sofia Business Park, Lagera Tulip and Vitosha Tulip named after eponymous neighbourhoods, and Modera Residence, among others.
Investors will also show vacation communities in Bulgaria’s ski and seaside resorts.
This year, commercial property developers increased their exposure and showed more and higher-value projects for office, logistics and retail centres. Currently, investors are interested not only in developing in the larger cities but in the smaller towns as well.
Visitors of the exhibition will have the chance to see the first presentation of the largest logistics project in South-Eastern Europe, the 100 hectare complex comprising storage, manufacturing and office facilities in Bozhourishte.
Investment intermediaries will also present several industrial projects, located off Plovdiv and Varna
18Bulgarian, Romanian, Turkish, Greek and Maltese tour-operators and information centers are to present their products at the cultural tourism expo, opened in the town of Veliko Tarnovo on Wednesday.
Discussions on the European Year of the Intercultural Dialogue and the cultural corridors in the South-eastern Europe will be held in the framework of the international event.
Movies, presenting the tourist destinations in the participating countries, will be showed at a film fest during the three-day expo.
Visitors are to be given the opportunity to go sightseeing across the region of Veliko Tarnovo to evaluate its tourist potential.
The forum is held under the patronage of the State Tourism Agency.
17Bulgaria has been ranked ninth among Germany's most popular tourist destinations by the GIATA-Ranking Agency, the Bulgarian Union of Tourism Investors announced.
Bulgaria has improved its ranking index from 1.7 in March, 2007, to 2.2 in March, 2008. Spain ranks first as a destination for German tourists, followed by its island Maiorca, Turkey, Greece, Egypt, Germany, Italy, Tunisia, and Thailand.
The ranking was based on analysis of the work of 16 000 travel agencies in Germany, offering reservations at 60 000 hotels around the world.
Bulgaria is the only former Soviet Bloc country in the top ten of the ranking. None of the Bulgarian Black Sea resorts, however, is in top ten of the resorts most visited by Germans.
Representatives of the Union of Tourism Investors commented that Bulgaria's modest advertising campaign in Germany and the lack of advertising materials did not serve to improve its image as a top tourist destination.
The main tourist operators managing Germans' vacations to Bulgaria are TUI, Thomas Cook-Neckermann, ITS Koeln, and Altours. The charter flights to Bulgaria from thirty airports in Germany begin on April 29 and end on October 27.
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