The strong growth of the Bulgarian economy continues, which is underscored by the market confidence that companies like GE show. GE Commercial Finance Real Estate recently announced that it will acquire a 50% stake in Sofia's mall. The mall is a huge trade, business and entertainment center currently under construction in the center of the capital.
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Bulgarian property, bulgaria, investment, real estate
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The strong growth of the Bulgarian economy continues, which is underscored by the market confidence that companies like GE show.
GE Commercial Finance Real Estate recently announced that it will acquire a 50% stake in Sofia's mall. The mall is a huge trade, business and entertainment center currently under construction in the center of the capital.
The acquisition costs about EUR 37 M and was made by GE Commercial Finance Real Estate and the Quinlan Private Consortium.
This investment can encourage the current upswing in the Bulgarian real estate market and shows GE's intention to expand to Central and Eastern European countries
Copenhagen Airport has announced that it will increase its planned investment at Varna and Burgas Airports in Bulgaria by the end of 2008 from 106 meters EUR to 140 meters. Additional investments are used to keep the airport and its facilities up-to-date and to handle ever-increasing passenger transport.
According to a company analysis of Varna and Burgas airports, unless urgent reforms are implemented at both facilities, the airport is likely to be on track in the coming season.
Tour operators are likely to redirect tourists to alternative destinations due to inadequate quality of service, this is poor bed occupancy and regional passenger traffic at Bulgaria's top airports in Sofia, Varna and Burgas The number has increased by 20%.
New European low-cost airline Wizz Air has completed its first flight with destination Sofia.
The ticket for the flight started before at the third base in Bulgaria and 155 passengers were on board for a new beginning.
Whiz Air is currently flying the Sofia-Budapest route four times a week, with a focus on the Central and Eastern European markets, and among other Bulgarian airports, Fly Airlines initially, Luton Airport in Budapest, London Flying to Rome, Milan, Venice, Berlin, the end of the month from the city of southern Poland in Katowice
Finally, the above investments in the real estate sector, infrastructure and travel reflect confidence in Bulgaria's future as a major player in the region, close to the expected EU integration in 2007
International Trade News This Week
News coverage is included in this week is a world of good, bad news one person's technology, industry, such as business, economy, trade and entertainment.
First, it is reported that the technology industry is booming.
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International trade, importer exporter, import, export, trade news
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March 20, 2006
Vasily-by Klimco
News coverage is included in this week is a world of good, bad news one person's technology, industry, such as business, economy, trade and entertainment.
First, it is reported that the technology industry is booming.
The proof of the thriving technology industry is the 3GSM World Conference held in Barcelona, and the three largest mobile technology companies in the world join-Nokia, Sony Elixo These companies, most of them use the latest 3G technology Then announced their latest products at fair. Launched Motorola ROKR. Nokia total released Nokia-6136. Sony-Ericsson has released the release of the K610 phone and music player. There is also a joint venture in the development of Sony-Ericsson and Nokia mobile phone technology-mobile TV.
However, some consumers do not use this latest technology because they want to use discounts and bargains because they are provided last year's technology. But this is not the case this year as the inventory is kept lean for the new ability of retailers and manufacturers to share sales and inventory information with each other. Even if consumers decide to put in some effort and acquire knowledge about technology, they can still get the best price.
Another event held is the 20th edition of the Olympic Games. The company cooperated with the local government of Turin under the supervision of the International Olympic Committee. They advertise their products on the uniforms of athletes participating in sporting events, flood commercials during television broadcasts, and fill the venue with advertisements.
This week, companies announced joint ventures, downsizing or acquisitions.
Volkswagen's announced weekend may be called 20,000 employment initiatives from 2006 to 2008. They said they wanted to improve their market position in the face of intense competition and falling markets. Investors are satisfied with the decision because the company's stock has risen to a nearly three-year high despite the reduced jobs that disappointed Volkswagen's employees, and the company also enjoys a 61% increase in profits I plan on doing things.
Toy company I group Star-Wars fc owner Lucasfilms Ltd The partnership that is agreed to be sustainable is through 2011. In 1999, Lego is entitled to receive Star-Wars toy products. During the release "Star Wars Episode 1: Phantom Threat", Lego has earned more than $ 4 million.
Under the new ownership, MySpace has partnered with SK Telecom and Earthlink, Inc. And Hello LLC will start this service after a few months. The company offers new services to subscribers of mobile access to myspace. Together with the launch of MySpace's mobile phone access service, they also released the "hero" and "kick flip" phones manufactured by Pantech and VK
Nokia and Sanyo Electric Co., Ltd. There is a joint venture to develop new mobile phones of CDMA chips and 3G technology. Nokia aims to capture the US and Japanese markets, but Sanyo wants to be free from financial debt.
Arcelor plans to increase its dividend by 85% in order to prevent their rival Mittal Steel's hostile takeover. Earlier, Arcelor rejected Mittal's bid and adopted an investment bank to develop a defense plan. However, Mittal will be scrutinized by the European Commission if an acquisition takes place.
However, the company has been involved in certain issues, but has already resolved their predicament. Google will create a Chinese version of their search engine and comply with Communist Party regulations. With 30,000 Internet censorships commissioned by the government, China blocks citizens from accessing websites characterized by China's policy sensitive issues but it puzzles the insiders of the industry, but Google compliance is more than 100 million Chinese market in favor of Internet users, their eyes to capture the home
The weather also affected companies this week.
On Sunday morning, residents of the northeastern United States, including New York, caused thousands of property and casualty dollar values and led the business to stop on Monday that upset that more than $ 500 million in structural damages Last month, Hurricane Katrina left the insurance company's headache as it caused the value of the dollar.
Meanwhile, residents and authorities in New Orleans, Louisiana, Mardi Gras, Hurricane Katrina, held after leaving a lot of people depressed in August last year, infrastructure maintenance is still in place, but the tourism industry Reconstruction is expected by revitalizing.
The United States develops strong consumption for foreign-made products, and the oil price hit a high record of almost $ 2005 per barrel more than five months ago, so the US trade deficit China products traded on lower prices Because of its superiority, the United States is also threatened by China's fast-growing economy. The White House is also surprised by their increasing deficit.
On the other hand, Europe is doing well as market share is rising on Monday. The Italian bank shares may be integrated between major Italian banks such as Paris National Bank of France (National Bank), Banco-Bilvao of Spain and Argentaria Bank (B), and foreign banks. ,Rose.
International organizations are also facing some tough issues.
The World Trade Organization has sued the European Union for violating the rules by stopping the import of genetically modified food since 1998. United States, Argentina and Canada, three of the world's largest agricultural exporters, complaints against the EU ban. But social causes groups like Friends of the Earth have criticized the recent movements of the WTO There is. They enforce the ban Austria, Germany, France, Greece, Luxembourg, Italy have sovereignty to make decisions for themselves
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