Month: September 2007

Portuguese are falling in love with Bulgaria

Over three thousand Portuguese tourists are expected to visit Bulgaria in 2007, as the country becomes increasingly attractive. Tour operators who develop the Portuguese tourism market have suggested that most of the Portuguese tourists travel around Bulgaria whilst others prefer to have a holiday at the coast. According to data from the National Statistical Institute… Read more »

Bulgaria launches €200m rail reconstruction project

Bulgaria Transport Ministry has signed three contracts worth more than 200 million euro, which will help the development of the state railways. The first contract is for the reconstruction and electrification of the railway connecting Svilengrad and Plovdiv. To be completed within 39 months, Italian company Astaldi won the tender for the project worth nearly… Read more »

Renault-Nissan in Moroccan agreement

Renault-Nissan has signed a preliminary deal with the Moroccan government to build a manufacturing complex in northern Morocco with a capacity of producing 400,000 cars a year. The French car firm and the North African kingdom will conduct a feasibility study for the plant; Renault-Nissan plans to invest a total of €411 million in the… Read more »

Bulgaria is up nine points from last years Economic Freedom list.

Bulgaria has stomped up a total of nine positions up in the economic freedom of the world 2007 list, Bulgaria has been ranked 56th for 2007, in 2006 it was 65th. The Economic freedom of the world 2007 report measures the degree to which the policies and institutions of countries support economic freedom. Prerequisites for… Read more »

Dubai spend over half salary on rent

Dubai residents show confidence in the future of Dubai’s economy despite rises in cost of living and inflation. Organizers of a Cost of living Survey conducted an opinion survey to gauge the impact of inflation on the growth of the property market as well as on the quality of lifestyle and spending trends of Dubai… Read more »

Dubai Land Department signs escrow account agreement with NBD

The National Bank of Dubai (NBD) will be the only bank in the UAE to offer Escrow Accounts both within conventional and Islamic banking, thereby maximizing choice… Read full story Dubai Property News>

Dubai Land Department signs escrow account agreement with National Bank of Dubai

The National Bank of Dubai (NBD) will be the only bank in the UAE to offer Escrow Accounts both within conventional and Islamic banking, thereby maximizing choice for customers. The new laws and agreements don’t just benefit consumers; developers using NBD Online will have access to account management and have a dedicated team on hand,… Read more »

Finnish companies discuss moving into Bulgaria

Petar Dimitrov, Bulgaria’s Economy and Energy Minister and Paavo Vayrynen, Finnish Minister for Foreign Trade and Development discussed the idea of Nokia Mobile phones being produced in Bulgaria during the Economy and Energy Ministry meeting on September 3 2007. The two ministers also discussed the investment interests of Finnish companies in Bulgaria; according to Dimitrov,… Read more »