9 MILLION EUROS TO BE INVESTED IN PAMPOROVO SKI RESORT
Article by Stiliana Chakarova, "The Standard Daily" (29 June 2004)
An investment of 18 million BGN (9 mln. Euros) is to be made at Pamporovo winter resort till the start of the new season. This was announced during a business meeting between Cvetelina Borislavova - Chairperson of the Supervisors Council of CIBank and the mayor of the town of Smoljan - Mrs. Dora Yankova. The meeting was organized by the Regional Governor Mr. Dimitar Palagchiev.
The sum will be used for the construction of a new lift from the bus station to the Studenets Hut with capacity of 2000 people per hour, two new parking lots for 400 cars and expansion of the already existing holiday village "Malina". Snow-gun (cannons) machines will provide enough snow at the longest and busiest ski-piste from the Studenets hut to Snezanka Peak, as well as at three other shorter pistes. Next season, hotel Perelik which is owned by CIBank will welcome the visitors with a new swimming pool which will be constructed at the place of the old one, a fashionable French bar and two new ski-wardrobes, one of which is to be located near the bus station. At the start of the new ski-season in Pamporovo will open a new 5-star hotel with capacity of 210 beds.
BULGARIAN MORTGAGE SCHEME LAUNCHED BY CONTI FINANCIAL SERVICES
www.mortgageintroducer.com / 6 Sep 2004
The emerging 'Eastern Eight' countries, which include Bulgaria, have gained a reputation for having legal systems that can make it difficult for purchasers to establish legal title over their chosen properties. Conti has launched this new scheme after many months of negotiation and due diligence, according to Conti's senior partner, Simon Conn, to ensure that the lenders working with them in Bulgaria can confidently get a charge against properties in the area to give UK and non-UK buyers the peace of mind and security they require.
`We have been working closely with lenders and experts in Bulgaria over the last six months to ensure we can confidently offer the type of high quality service and mortgage scheme we are able to offer across the rest of Europe and world-wide,` says Mr Conn.
The new scheme that is available in Euros only, has a minimum loan amount of ?40,000. The maximum term of the loan will be 15 years - available up to age 70. As of 31 August 2004 the rate is approximately 7.50%.
Due to integrate fully into the European Union in 2007, Bulgaria has long been popular with Brits, and its stunning Black Sea coastline makes it one of the most popular destinations in Europe. This popularity is also making it a key hot spot for investment minded property buyers who want to capitalise on its potential and the current low prices for villas and apartments in the region. Simon Conn, however, sounds a note of caution for
buyers considering a purchase here.
`As in other European countries it is not possible to get a mortgage on an apartment that has not been built. However to ensure that your investment is safeguarded, it is possible to achieve a mortgage on completion when the title is legally registered in your name.'
Non-Bulgarians are not permitted to own land in their own name, so those buyers considering purchasing the land to build a villa, for example, must do this through a Bulgarian company with the purchaser as legal owner of that company. It is then possible to achieve stage payments for building works. Establishing these links can be difficult, however Conti has developed a network of legal and financial specialists in the country who can assist purchasers throughout the process, as Simon Conn explains:
'As a fully independent overseas mortgage specialists, without ties to property agents or similar, we can confidently offer the assistance of specialists in Bulgaria who can advise and assist our clients and have taken time to choose the right working partners in the country.'
With an increasing number of British companies opening
offices in the country, and still more Bulgarians
ex-pats who would like to buy a little of their
homeland, the property market here is looking buoyant.
However, as in any property purchase, it is essential
for buyers to do their homework before they buy
to avoid any possible pitfalls that might await
them buying in this beautiful, but very new European
country.
WINTER SKI FROM HUMBERSIDE!
May 28th 2004
Humberside Airport and Balkan Holidays are delighted to announce new ski services are to be launched for the Winter 2004/05 programme.
Balkan, who are already successfully established
at Humberside with two weekly flights to Bourgas,
increasing this with an additional route to Varna
for Summer 2005, will be introducing the ski destination
of Plovdiv, Bulgaria which serves the resorts of
Bansko, Pamporovo & Borovets. Accommodation choices
offer a wide range of hotels, from 2 to 5 star and
Bulgaria offers the best value Apres-ski in Europe
- 50p for a bottle of beer and just £2 for
lunch!
Bulgaria is one of the best places to learn to ski in Europe - there are a number of nursery slopes, where the instructors speak excellent English, who are used to teaching beginners and are renowned for their patience with pupils!
The cost of ski facilities is the best value in
Europe, a learn to ski pack in Pamporovo costs from
£74, a 6 day lift pass costs just £42.
In Borovets, the Learn to Ski pack is £91
and the 6 day lift pass £59. In Bansko, the
Learn to Ski pack costs £87 and the lift pass
£56
The new weekly services will start in December 2004, with ski & snowboard holidays. Many of the hotels in Pamprovo and Borovets have been refurbished or are new hotels, making the holiday not only great value for money but high quality as well. 7 night prices to the Hotel Rozhen, based on Half Board start from just ?214. Free child places are available (subject to availability) and holidays are on sale now! Book through your local travel agent or contact Balkan Holidays on 020 7543 5555 or visit www.balkanholidays.co.uk.
Stephen Turner, Business Aviation Development Manager for Humberside Airport said: 'We are delighted to be able to announce this fantastic new ski destination. The introduction of these new flights enhances the already comprehensive programme available from the Airport and offers our passengers more choice than ever.'
Pictured:-
Steve Adamson, Trade Relations Manager and Stephen Turner, Business Aviation Development Manager, both Humberside Airport, check their ski's in with Gemma Brown at Humberside!! |
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PAMPOROVO
NIGHT LIFE |
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Being one of the most popular mountain resorts
in Bulgaria Pamporovo has a lot to offer for
the skiers and snowboarders who love to party
and have a good time after the enjoying days
on the slopes.In general there are many places that worth
visiting, and there are no places that look
similar. Every bar, pub or disco has its unique
style and atmosphere. The local people have
developed a good selection of places to go. |
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THE WHITE HART |
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BJ's The staff in most places is professional, very helpful and friendly. English (plus some other popular languages) is widely spoken.
Most of the famous drinks are available. Local or imported alcohols, beers and wines are available at very reasonable prices. Regular "Happy hours" provide drinks on half price to start the night with.
DJs will give their best to make your party special. Music is mainly dance hits, but any requests are welcome.
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THERE IS NO ENTRANCE FEE |
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There is no entrance fee in any disco or club in Pamporovo.
Talking about the night life in the resort, there are few places that deserve special attention:
- The White Hart: Reported to be the hottest spot this winter. Traditionally designed pub with own unique style. Run by Steve Clark this place is the best for party, loads of amusements, Karaoke every Thur, very good food, etc.
- BJ's: in the lobby of hotel Perelik.
- Dak's Bar: on the ground floor of hotel Snejanka.
- Night Flight: in hotel Rojen. A new disco, the largest in Pamporovo. Very good party!
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NIGHT FLIGHT |
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Here is what people think about the night life in Pamporovo:
"Hi! My name is Maria and I'm a rep. of Profi Tours in Pamporovo.
People who visit Pamporovo often tell me that they need another week off after they return Sofia from the
holiday. The reason is the MAD nights here!
See you around the clubs!"
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