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Feb 27
0

European Parliament Backs Tougher Financial Registry Rules

Posted by | EU | No Comments

The European Parliament voted to set up public registers to identify company owners. Such measures are hoped to help in the fight with shell companies and trusts, which are considered harmful to European and world economy.

Under the new plan, banks and financial institutions, auditors, lawyers, accountants, notaries, trusts and real estate agents would be obliged to provide the names of the companies’ ultimate owners to national authorities, who for their part will have to put them into the registers. Read More

Feb 27
0

Bulgarian Seaside Rivals Sochi in Property Market Competitiveness

Posted by | Real Estate | No Comments

The Russian city of Sochi is losing its competitiveness for seaside property in favour of other countries like Bulgaria, due to high costs. This forecast was made in an article posted on the website of The Moscow Times, a Russian English-language newspaper.

The author claims that a property boom in Sochi after this year’s Olympics is not very likely. Starting prices at the Black Sea resort are close to USD 1,700 per square meter, whereas Bulgarian rivals can boast with half this sum. Read More

Jan 18
0

Bulgaria’s Bourgas Seaport To Become Hub for Cruise Ships

Posted by | Tourism | No Comments

The passenger terminal of the port of Bulgaria’s city of Burgas will become a departure and return port of the cruise company Pullmantur Cruise, starting in 2015. The port of Burgas, whose passenger terminal was renovated last year, has the capacity for the largest cruise ships in the Black Sea, but currently it is only a brief stop along their routes.

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