SandP gives Bulgaria BBBplus rating
Global credit ratings agency Standard&Poor's confirmed this week the long-term foreign currency rating of Bulgaria is at "BBB+" with a stable outlook. The rating reflects Bulgaria's fiscal policies, continued reduction of foreign debt and the stable outlook for growth in the medium term. Bulgaria still has to improve the flexibility of its labour market, but [...]
Macedonian Prime Minister to visit Bulgaria
Macedonian prime minister Nikola Grouevski will visit Bulgaria this week on an official visit at the invitation of Bulgarian Prime Minister Sergei Stanishev. After the reception ceremony at Sofia's Alexander Nevski square, the prime ministers of Bulgaria and Macedonia will have a private meeting, followed by plenary talks at the Council of Ministers. As part [...]
Nakheel and Istithmar may merge into $52bn giant
Palm Island developer Nakheel may merge with Istithmar Real Estate. Dubai World, which is selling a stake in port operator DP World, plans to combine its real estate units into a company with $52 billion worth of projects under development. Nakheel, which is developing the famous palm tree islands off Dubai's coastline, and Istithmar Real [...]
Morocco Government Launch New Property Scheme
The government in Morocco has outlined a new phase of property development, as reported by Magharebia.com, a national homebuilding programme is set to construct 150,000 new council homes a year. Tawfik Hijra, housing minister for the government said that the scheme is due to last five years, with the aim of making the most out [...]
Turkey will be popular among the Chinese investors
EXPO 2015 candidate Izmir, Turkey was considered by Chinese investors as ‘one of the 70 cities most suitable for investment’ and the Aegean Free Zone as ‘one of the 40 best investment areas’. Turkey, which was 16th among the countries that attract most foreign investment in 2006, is one of three countries that are preferred [...]