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The Central Post Office in Veliko Tarnovo to become a 5-star hotel

Hotels_near_Paradigm_Malibu1The Post Office in the very centre of Veliko Tarnovo is set to become a luxury 5-star hotel, it was announced by the Chief Architect of the Municipality Nikolay Malakov. The current owners have already announced their intentions and will start working on the project shortly.

The building that used to be owned by the Bulgarian National Telekom/Vivacom until recently housed the Customer Service Centre of the company. It is built over 5 floors in the shape of the Bulgaria letter П, with a courtyard and garages accessible from the south. Its total built-up area is just over 1380 square meters, according to the local newspaper borbabg.com.

11 (1)The idea of the new owners is for the ground floor facing the street to host many shops. Some of them have already been realized and operate with a separate entrance for each.

The hall with the telephone booths is to be converted into a posh ice cream parlour. The investments only for the ice cream shop is expected to reach about 100,000 leva. The entire building is owned by a developer who bought it from the state in December, 2009 for 1,6 million euro. Until now he rented it out to its previous owner – Vivacom.

Images: Internet

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Veliko Tarnovo will have a new Town Park

Veliko Tarnovo is to receive a new town park – its 15th. The park will be set up at the terrain near the Kachitsa Roundabout (just behind Billa Store). The initial project is now ready.

The project envisages that there will be walkways, green areas with decorative shrubs and trees, pet zone, sports facilities, kids playgrounds and water fountains. There will be skating and bicycle alleys and shaded seating areas. The park will also have a stage where it can host various happenings and performances. The funding is expected to come through the financial mechanisms of the European Union.

The plot of land spans over 18,000 sqm and was owned by the state until last year when the Council of Ministers granted the ownership of the place to the Municipality of Veliko Tarnovo at the request of the Mayor Daniel Panov. All the other parks within the territory of the town were renovated in recent years after the Municipality secured funding from the European Union.

Images: Internet

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Star Village to be built between Gabrovo and Dryanovo

Foreign investors are to build the first settlement for astronomical observations in Bulgaria. It will be located in the Balkan Mountains, in an area between Gabrovo and Dryanovo. This is the darkest part of Bulgaria, away from the lights of towns and other human activity, which might interfere with astronomical observations.

The so-called Star Village will hosts festivals, workshops and training courses. The goal for the place is to become an educational and research center for professionals and lovers of astronomy, said the creator of the project David Hollands.

Astronomy enthusiasts will be able to combine their vacation with practical work, observations and even astrophotography.

The village will have a visitors’ center, a private observatory, conference halls and a modern residential, educational and scientific complex. The Star village should be ready in early 2017.

Bulgaria Property, Money, News, Property News, Useful

Property prices in Veliko Tarnovo are on the rise

 

house-prices-up1An article published in yesterday’s issue of Yantra Dnes Newspaper says that the property market in Veliko Tarnovo is starting to feel the pressure of a different crisis – there  are no more properties left which can meet clients’ demands. The article also points that people are now oriented towards buying fully-furnished and equipped newly-built apartments. The demand is highest for 1- and 2-bedroom apartments. Clients are willing to give more than 40,000 euro if such an apartment meets their criteria. However these are the properties which are hardest to be found these days. The market is starved for good-quality apartments and they are nowhere in sight. Continue Reading

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Cost of living in Bulgaria

People in Bulgaria are nice and outgoing

People in Bulgaria are nice and outgoing

map

A map of Bulgaria and its traditional styles of architecture

Have you thought about moving to Bulgaria? You have? So then probably one of the first things which come to your mind and you want to know is the cost of living here. It is definitely cheaper than living in the UK. Much cheaper.

The cost of some of the basic goods like eggs, milk and bread is around 30-40% less than in UK: a loaf of bread is a 0.33 p, 1 litre regular milk is 0.64 p and a pack of 12 eggs (although here they usually come in packs of 10) is 1.02 p. Prices of fruit and vegetables vary according to the season. In the summer time you can get 1 kg of tomatoes or cucumbers for as little as 0.30 p. Potatoes are within the 0.26 – 0.50 p range on a yearly basis and apples are selling between 0.30 and 0.80 p/kg. And with the approaching of the Christmas season prices of citrus fruit are falling – tangerines and oranges cost 0.45 p/kg and bananas are 0.80 p. Continue Reading

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Price of land near Veliko Tarnovo is on the rise

magiNow that it became clear that Hemus Highway will pass about 20 km north from Veliko Tarnovo, the price of land around the old capital rose significantly. Plots are now sold for 1500 leva per 1000 sqm; as a year ago they rarely exceeded 1,200 leva per 1000 sqm. Agricultural plots of land near the town of Pavlikeni and the village Nikyup are the most sought after. There are expectations their value will go even higher.

After the last alterations it was decided that the route of the highway will now go past Pavlikeni, reaching 20 km away from Veliko Tarnovo – north of Resen and south of Nikyup.  Continue Reading

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Veliko Tarnovo with a new shopping centre

mol 2

The new shopping centre

A new mall will open within the next month, it was announced by a local newspaper. It is located in the very centre of the town, just a stone throw’s away from the Green market. It will be smaller than the already existing one but still with its 10,000 sqm will bring joy to the shopping fans.

The shopping complex will host more than 30 shops, a bank branch, cafés and a restaurant. There will be also two parking lots, one of which – underground; they will have a combined capacity of 100 vehicles. Continue Reading