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Veliko Tarnovo Mayor champions review on logging activities in Bulgaria in 2013

Over the past few days the Mayor of Veliko Tarnovo, Daniel Panov, organised and has been engaged in working meetings with representatives of the North Central Bulgaria regional forest management companies occupied in logging, the police, mayors and deputy mayors of towns and villages discussing the various problems caused by logging.

Mayor veliko turnovo

Daniel Panov, Mayor of Veliko Tarnovo

During these forums held in 23 towns and villages in the municipality of Veliko Turnovo the mayor heard numerous complaints about the way in which the lumber companies de-forest and transport the cut timber.

bulgaria veliko tarnovo land property real estate mayor ecology logging

More governance is required to stop this type of deforestation within the woodlands around Veliko Tarnovo

In many places, the main issue was the lack of regulation and control within the industry as a whole! The forests and woods are being “cut to the bone” which sadly can lead to landslides and the movement of cut timber by heavy lorries is visibly destroying road infrastructure and causing major damage to private homes in Bulgaria and agricultural Bulgarian Real Estate.

bulgaria veliko tarnovo land property real estate mayor ecology logging

Huge swathes of woodland and forest has been “removed to the bone” is this about to stop in Veliko Tarnovo?

The Mayor’s personal observations were non compliance with restrictive tonnage signs of trucks down secondary roads with weak bridges, distortion of the roads and pavements, damage to drainage and sewerage systems. “Investing in repairs of streets and roads while trucks demolish the same infrastructure. Landslides on roads and roads disappearing through landslides, Subsidence of private land and cracks in the walls of houses, and bridges being damaged too. A better co-ordination between all institutions and companies to improve the activity of logging is required as a whole” the mayor said.

bulgaria veliko tarnovo land property real estate mayor ecology logging

The local road infrastructure around Veliko tarnovo is only designed for light traffic, not masses of heavy logging trucks

Daniel Panov said to the company representatives at the meeting that the goal was not to interfere with their business but only to regulate all the activities that have a bearing on all stakeholders which includes protecting local communities and the public interest by complying with regulations, instead of creating problems by destroying infrastructure and private Bulgarian properties.

bulgaria veliko tarnovo land property real estate mayor ecology logging

Large old trucks designed to get into the forests

“It is not correct or fair that the profits of some cause problems and suffering for others and damage to public infrastructure. We need to discuss and put forward legislative changes, organise a consensus and have a full understanding and then agreement of all parties to resolve this important issue, “said the mayor.

bulgaria veliko tarnovo land property real estate mayor ecology logging

Landslides and a desert instead of woodland and forest, this is a scene which cannot be tolerated around Veliko Tarnovo

In conclusion it was agreed by December 27th necessary measures were to be drawn up with the intent to resolve these problems and by January 15th, 2013 to come up with a solution at the second meeting with all institutions and stakeholders.

By this time the Regional Directorate of the Interior Ministry will take action, said Chief Commissioner Zhivko Kotsev. Limited movement of heavy timber will be via regulated routes and crossings. Anyone who violates these routes shall have sanctions imposed upon them.

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Facelift for Famous Veliko Tarnovo Hill

The site of Boruna with the Art Museum and the Asenevtsi Monument

Boruna, the area around the Asenevtsi Monument and the “Boris Denev” Art Museum, is to become the new Veliko Tarnovo tourist hotspot. This is part of the multinational development project titled “Cultural Heritage as Focal Point of Sustainable Tourism”, where Veliko Tarnovo partners with Greece, Romania, Germany, Austria and Italy. The fourth expert meeting was held in the Italian town of Bari.

The whole project will cost 2.5 million Euro under the Transnational Cooperation Programme for South Eastern Europe. From this budget, Veliko Tarnovo is to receive € 235 262.

Experts from Berlin Technical University and Vienna University of Urban Development have visited Veliko Tarnovo this summer to analyse the site of Boruna. They found holes under the rocks; there is a car tunnel and a rail road tunnel passing under the site and the slope of the rock isn’t very stable.

The 30,000-sqm site is to be further examined by geology and geodesy experts and a technical audit of the Stambolov Bridge is due, in order to estimate the funds that are going to be spent for the development of the site.

There is also going to be an environmental assessment of the area, as well as energy efficiency assessment of the “Boris Denev” Art Museum. These are to estimate the renovation costs of the building.

All expert studies should be ready by the end of May, 2013.

The aim is to have a development concept for the site by the end of 2013, in order to increase its attractiveness.

Partners in the project are unanimous that Boruna is going to be the new tourist and social hub of Veliko Tarnovo, where exhibitions, art installations, outdoor concerts and even fashion shows are to be held.

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Vienna Mozart Orchestra in Veliko Tarnovo

The Vienna Mozart Orchestra have arrived to Veliko Tarnovo, adding up to the festive atmosphere going round the town.

They will put on a special concert for the connoisseurs of classical music on December, 10. The Christmas concert will take place in Vasil Levski Sports and Culture Hall at 7 pm.

The orchestra were invited to the Old Bulgarian capital by Mayor Daniel Pavlov.

The musicians from the Vienna Mozart Orchestra will be dressed in authentic costumes and wigs from the 18th century. They have required additional room to store their props, authentic wigs and costumes, as these are insured at a high value.

Cocktails will be served to guest an hour before the beginning of the concert. Tickets can be purchased at the Veliko Tarnovo TIC, Germanos Shops, Office 1, OMV and online at Eventim.bg.

News, Property News

Why choose Veliko Tarnovo Real Estate for Second Bulgaria Techno-Park?

I read with interest the view of Delyan Dobrev with regards to the development of a 2nd Technology Park.

agribusiness estate in veliko tarnovo

Delyan Dobrev has a good point regarding a 2nd Techno Park in Bulgaria

Should a second one ever be developed, since the 1st one is to be built in Sofia next to the Bulgarian capital city’s Tsarigradsko Chaussee Boulevard, Sofia Tech Park, a 100 million leva (50 million euro) project. Comprising of new real estate in Bulgaria, the first stage of Sofia Tech Park would accelerate innovation in information and communication technology, confirmed President Rossen Plevneliev in June this year. When completed, the park will include state of the art Bulgarian real estate comprising; offices, a technology centre and a museum. The aim of this project will be to make Bulgaria a regional leader in IT.

However, we must agree that Bulgaria as a nation proudly hosts some of the most fertile soils and is able to become a European regional leader in Agribusiness development, or (for the uninitiated) the amalgamation of agriculture and business, with specific reference to the range of activities and knowledge encompassed by modern food and beverage production. So yes, it makes absolute sense to develop a 2nd Technology Park focused on agribusiness technology as per Minister of Economy, Energy, and Tourism Delyan Dobrev said just over a week ago.

The only opinion I have which is different to the Ministers’ is the location! Speaking during an international forum on industry and innovations, he was adamant that if such a project was given the go ahead, it would be developed near the city of Plovdiv to host agribusiness companies. Now I am aware that there is the International Fair Plovdiv which hosts the AGRA exhibition, International Agricultural Exhibition and BioAgra – Trade Exhibition of Organic Farming, however the International Fair also hosts the ITALIAN FESTIVAL OF BEAUTY AND HAIR-STYLE (International Exhibition of Hairdressing, Beauty, Make-up, Perfumery and Fashion), C.A.C. & C.A.C.I.B (International Dog and Cat Shows), MEDICUS DENTO GALENIA (International Exhibition of Medicine, Dentistry, Pharmaceutics), FOODTECH (International Exhibition of Food & Drinks, Packaging, Machines and Technologies) and INTERMIN EXPO (International Exhibition of Mining Industry) to name but a few. Plovdiv appears to get its fair share of exhibitions and companies based there would specifically be related to machinery, mining, power engineering and ecology and of course wine making in the Thracian Plain.

So what about looking to the North Central area of Bulgaria, commonly known as the Danubian Plain, spanning from Dobrich to Pleven and in the centre is the old capital of Bulgaria, Veliko Tarnovo which is positioned adjacent to Gorna Oryahovitsa. This town used to be the centre of rail transportation across Bulgaria and its borderline neighbours and food processing and export used to be one of its main activities after harvesting crops from the plain and surrounding lands. Not only has it retained its centre of rail infrastructure (all be it in need of modernisation) it also has a fully operational International airport, which those of you who read my blogs frequently will recall that a letter of intent has allegedly been lodged regarding the purchase of the concession. Therefore the region of Veliko Turnovo has a recent historical pedigree in agribusiness and sits adjacent to some of the most fertile open tracts of land and estate in Bulgaria. Veliko Tarnovo is home to the 2nd largest university in Bulgaria after Sofia, the St. Cyril and St. Methodius University. Veliko Tarnovo is in the centre of Bulgaria on major cross roads and there is also an abundance of wine production in the region and acres of forestry.

Veliko Tarnovo location for Bulgaria 2nd Technical Park

The site of Vasil Levski Military University would be perfect for a Agribusiness based Technical Park

Last but by no means least is the fact that there is a huge plot of land, prime Veliko Tarnovo Real Estate, many commercial and educational properties lying empty and yet built soundly which would immediately lend themselves for use as an Agribusiness based Technology Park, being ecologically and environmentally friendly, through not having to demolish and start again.

 techno park bulgaria veliko tarnovo

Great location and campus for a new Agrobusiness Technology Park

Its actually already a campus and this use would fit into the towns spatial development plan. The site is the Vasil Levski national military university and academy site to the west of the town, adjacent to the site are hectares of land which would be suitable for crop research and development. The site can be seen on the satellite image outlined in red.

News, Property News

Veliko Tarnovo area – most popular place for Bulgarian property

real estate veliko tarnovo

Veliko Tarnovo – picture pretty as usual

 

TheMoveChannel.com’s recent analysis of Bulgarian property buyers show that the most popular place for Bulgarian property in the last 12 months was neither a ski nor beach resort, but the Veliko Tarnovo area.

How Veliko Tarnovo managed to generate the highest number of enquiries, beating seaside cities like Burgas or Varna?

  • Veliko Tarnovo District boasts a central position in Bulgaria, has good transport links with Sofia, Varna and Burgas and there is the Gorna Oryahovitsa Airport, just outside the City of Tsars.
  • This part of Bulgaria offers an array of historical landmarks and has a different kind of tourist appeal (see previous posts here).
  • Living costs are lower compared to other cities of the country.
  • The area offers great value-for-money Bulgarian real estate – properties for renovation, cheap countryside houses, Veliko Tarnovo apartments and town houses and luxury properties. We have them all!

So why not book your FREE viewings with Yantra Homes, now?

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From brewery to luxurious hotel

The name of  this posh hotel is B2 Boutique Hotel-SPA and is located in Switzerland. Human ingenuity (and architects) once again prove they can turn the ugly duckling into a beautiful swan.

The former Hurlimann Brewery in Zurich has a completely new look. The hotel is located in the historic part of town and offers its guests 60 luxurious rooms, a comfortable lounge with a large library. It has over 33,000 books and direct access to the pool, which is located on the roof of the building, revealing unique views to the city.

Designers and architects have managed to keep the authenticity of the building. The moveable mirrors, which separate the bedroom from the bathroom, add space to the not-so-large rooms.

Modern building materials and elements have been tastefully combined with the traditional (used during the golden age of brewers) stone, oak bookshelves and tapestries that decorate the walls and add a homely touch to the rooms.

If you’re into such renovation projects, check out the following Bulgaria property for a reasonable price and with great potential for a mansion.

Can you believe, this is a renovated Bulgarian school room?

For details and pictures, please click on the image.

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Vivacom (Bulgaria Telecommunications Company) is bought!

bulgaria telecommunications company

Vivacom has new owners

telephone palace bulgaria property
The large central building of Telephone Palace

The acquisition of Vivacom (Bulgaria Telecommunications Company) was approved by the European Commission and local regulators, Vivacom said in a regulatory filing in Sofia today.

Viva Telecom Bulgaria EAD, owned by affiliates of Russia’s VTB Capital Plc and Sofia-based Corporate Commercial Bank AD (6C9), acquired 94 percent of Vivacom (5BT) AD, Bulgaria’s second-biggest phone company by clients.

VTB Capital and Corporate Bank signed an agreement with Vivacom’s creditors on Aug. 7 to pay 130 million euros ($165 million) for a 94 percent stake in Vivacom and pay debts worth 588 million euros, which have been reduced from 1.7 billion euros through debt repayment, equity conversion and debt write off, it said.

Bulgaria property in Sofia

the interior of properties such as the Telephone Palace in Sofia could be converted to high class Bulgarian Real Estate in some prime locations

“Vivacom’s sale is good news,” Veselin Radoichev, an analyst at First Financial Brokerage House in Sofia, said by phone. “The new owners, partly being Bulgarian, will probably tighten spending and improve the balance sheet. They may choose to divide or sell some of its assets and at a later stage sell the company to a strategic investor for a much higher price. Vivacom’s mobile unit is performing very well.”

Mobile Services
Vivacom reported on Oct. 17 a 34 percent profit increase for the first nine months to 33 million lev ($21.4 million) from a year ago, driven by a 12.4 percent rise in sales of mobile services, which amounted to 296 million lev. Fixed-line sales declined 9.3 percent in the same period.

Vivacom controls about 15 percent of the mobile services market and has room to expand, Radoichev said. Vivacom competes with Telekom Austria AG (TKA)’s Mobiltel, and Globul, which is controlled by Greece’s Cosmote SA.

Vivacom’s creditors, which took over the company after it breached terms on 1.6 billion euros of loans in 2011, rejected bids in May by Turkcell Iletisim Hizmetleri AS (TCELL) and Icelandic billionaire Thor Bjorgolfsson, who controlled the company between 2005 and 2007.

The loans were arranged by Deutsche Bank AG, UBS AG (UBSN) and UniCredit SpA (UCG), along with Royal Bank of Scotland Group Plc to finance Vivacom’s 2007 buyout, according to data compiled by Bloomberg.

Vivacom fell 7.7 percent to close at 3 lev in Sofia yestaerday, compared with a close on Nov. 1 when the stock last traded.

Source Bloomberg News, written by Elizabeth Konstantinova in Sofia