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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.

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.

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.

December 6, 2012 by admin

News

Vivacom (Bulgaria Telecommunications Company) is bought!

Vivacom has new owners

: 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.

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

November 13, 2012 by admin

News

Property in Bulgaria, Veliko Tarnovo…in the spotlight

The early Spring evening sky of Veliko Tarnovo, over the historic River Yantra Gorge and Statue of The Asens, exploded into an eruption of powerful spotlights, piercing Lasers, strobe lights and sound and music last night.

This is just a dress rehearsal for the evening celebrations of Veliko Tarnovo holiday on Thursday 22nd March.

Houses in Bulgaria are illuminated by lasers

A dazzling array of lasers and searchlights pierced the evening sky over Veliko Tarnovo. Photo property of Yantra Homes not to be re-produced without prior permission

Spotlights pick at the old revival Bulgarian houses
on the edge of The River Yantra
Photo property of Yantra Homes not to be
re-produced without prior permission

The rehearsal pleased local Veliko Turnovo residents and tourists who were lucky enough to be on the old historical Gurko Street, where typical old Bulgaria property built during the renaissance and pre-revival period nestle precariously on the cliff slopes and little streets by the river gorge.

This again shows what Veliko Tarnovo municipality are doing to arouse interest in this most historic town and region with numerous eco tourist attractions and cultural centres, towns and villages. Another attraction also to support a decision to buy a Real Estate in Bulgaria. Either a holiday home in Bulgaria or permanent living space in a Bulgarian property.

March 21, 2012 by admin

News

Eco Trail “Emen Canyon”

Destination: Emen

When we think of a canyon we will immediately associate it with running river through it. This is about River Negovanka – a tributary of the River Rosica.

The Negovanka became popular for moulding such a picturesque gorge, to whose beauty you will touch only if you find at least a little enthusiasm in you to get away from the stress of your day and walk the distance of about two kilometres of the eco trail “Emen Canyon”. The Negovanka takes its name from Latin roots, and means short river with a near source.

The trail name comes from proximity to the village of Emen, near Veliko Tarnovo which in turn takes its name from its Turkish owner during the Ottoman occupation of Bulgaria. The trail along its full length follows the rocky edge of the canyon, and only inches separates the tourists from the edge of the abyss. This certainly adds the right dose of adrenaline to feel any exclusivity to both the place and on your initiative. In some places the karst rocks reach a height of 50 meters and the overgrown vegetation transforms them into an incredibly beautiful sight.

As you walk on the one side of the canyon, your view will be tempted to jump on the opposite side where are a lot of cave openings, holes, and rocks will tease you with their charm.

At the beginning of the trail is the Emen cave. It is 3113 meters long and occupies a seventeenth place in the list of the deepest caves in Bulgaria.

However, remember that the most extreme experiences here require special training and equipment. Therefore, it is best to proceed slowly and surely to the other end of Emen trail, because how else you will know what awaits you there? The road continues to follow the edge of the canyon and takes you through picturesque wooden bridges, which offer you dazzling and stunning views. Fear, admiration, wonder, contentment – you will feel all this, so all your senses will be equally satisfied and happy. Nature makes everyone silent witness to the eternal battle between strength and confidence of the stone and variable in its moods sparkling, clear water. Finally, carried away by the rapids of the river and trapped in your own perceptions, enchanted you approach the end of this eco trail. Din and noise of falling water majestically greeted you from afar. This is Momin leap – a waterfall with a height of 10 metres.

Violent and uncontrollable water rapidly descends into a large pool, surrounded by steep high cliffs – a real prize for the eyes and soul after covering the unusual distance. Legend connects the name of the waterfall with three Bulgarian girls who didn’t want to accept the Turkish faith and together jumped from the rocks into the pool.

Here, at the end of Emen Canyon – you can sit on a green meadow or on some felled from a storm tree for a deserved break and can convince yourself that you can never in your life see the American Grand Canyon, but should not miss the opportunity to fill the indescribable experiences of this unique eco trail.

Description of location:
Village Emen is located about 20 km west from Veliko Tarnovo and 8 km from the main road Veliko Tarnovo – Sofia. In the village of Emen there are signs pointing to the beginning of the trail “Emen Canyon.”

Why not get in touch with us to see what properties we have near this stunning location, or to register your interest for future sales?

And here are 2 pictures of the Emen Canyon taken by one of our friends Jane Venter:

August 16, 2011 by radostinag

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