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14 March 2006

EU Cash To Upgrade Bulgaria's Transport Infrastructure

Almost two billion euro is expected to come to Bulgaria from EU funds for the period 2007-13. The money will be used for repair works of all first-class roads and railway lines between Sofia and the Black Sea coast. The money will also be used for granting on concession the Trakia, Maritsa, Struma and Cherno More highways as well as all Bulgarian airports except the one in Sofia.

According to an action plan presented by Gagauzov, one billion euro is expected to come from the EU Cohesion Fund. The fund aims at helping countries reach EU standards. The money will be used for reparation works of nine roads and the ring roads of Montana, Vratsa and Gabrovo cities. With 1.5 billion euro for the fund, the Government expects to modernise the railway lines between Sofia-Pernik-Radomir; Sofia-Dragoman; Mezdra-Gorna Oriahovitsa and Parvomai-Svilengrad.

The construction of all highways will continue except for the Hemus highway, connecting Sofia with the Black Sea city of Varna. According to officials from the Ministry of Regional Development and Public Works, the last 118km of the Trakia highway will cost 250 million euro. The Trakia highway connects Sofia with the Black Sea city of Bourgas. Part of the Trakia construction includes the construction of Sofia’s south ring road.

For the 96km of the Cherno More highway between Varna and Bourgas, the prognoses envisage 317 million euro. The most expensive highway will be the Struma highway between Sofia and Kulata, Bulgaria’s main border checkpoint with Greece. The 160km are expected to cost close to 676 million euro.

Mutafchiev also presented his ideas for concessions on March 5 when his ministry published a strategy for development of Bulgarian ports. Thirty-two Bulgarian ports will be offered to investors within the framework of concession schemes.

The four largest Bulgarian ports in Varna, Bourgas, Rousse and Lom (the latter two on the Danube) will be split into smaller units according to a territorial principle. The smaller ports in Nessebar, Sozopol and Ahtopol (on the Black Sea) and Tutrakan and Silistra (on the Danube), will be offered on concession.

Seven new ports will be built according to the strategy. Five new ports, including a container, a grain terminal, a liquid cargo terminal, a hazardous cargo terminal and a passenger terminal will be located on shores of the Varna Lake and in the Varna Bay. The grain terminal would allow the transportation of large quantities of grain from Hungary through Rousse to Varna.

A new container terminal will be built in Bourgas. The seventh new port project will be on the Danube. All new projects will employ the BOT - build, operate, transfer - principle and will use state-owned land. A total of 25 million tones of cargo were processed at Bulgarian Black Sea ports in 2005. Bulk cargo accounts for 11 million tones. The volume of containers was estimated at 1.8 million tones, but this kind of cargo has witnessed a major growth of 28 percent compared to the preceding year. River ports have processed a total of 3.6 million tones of cargo. Per the strategy, the Romanian port of Constanca and the Greek port of Thessalonica are the major competitors to the Bulgarian ports sector.

Promoting Bulgaria


There are many ways - some traditional, some alternative - to promote Bulgaria as a tourist destination, with various original undertakings being demonstrated since the beginning of the month.

The first to embark on a different approach was the national flag carrier Bulgaria Air, which on March 1 launched a series of initiatives to present Bulgaria to the world.

The company management and Transport Minister Petar Mutafchiev announced the start of a project entitled The Spirit of Bulgaria on Board Bulgaria Air.

On March 1, the Bulgaria Air planes were decorated with “martenitsi” - red and white tassels believed to bring health and good luck - that Bulgarians traditionally exchange on the date. All passengers were acquainted with the tradition and each given a martenitsa.

However, the project did not end with the red-and-white decorations. Throughout the campaign, there will be a series of one-month events focusing on various aspects of the Bulgarian identity - the national cultural and historical heritage, the Bulgarian language, sports, nature, Bulgaria’s faces and others.

The events will be implemented through changing the outside decoration of the aircraft and organising special experiences on board the planes. This way the message will get directly to 40 000 passengers a month, and hundreds of thousands of foreigners, who will see the planes at airports all around the world, will get it indirectly.

According to Zlatin Surustov, executive director of Bulgaria Air, wherever they are, with this carrier Bulgarian nationals will feel closer to and more frequently at home. In his words, the company is Bulgaria’s natural envoy, and the ambition of its management is that their aircraft turn into a kind of a visit card Bulgaria presents to the rest of the world.

Furthermore, Bulgaria Air is the initiator and sponsor of the Days of Bulgarian Culture in Rome. The company’s participation consists of providing transport for Bulgarian performers, the stage property and cultural artefacts.

“I believe that similar initiatives, directed by the company’s management, will not only help raise the image of the carrier at its privatisation but will also be instrumental in the attainment of the great goals it has set itself: more destinations and more customers for this new and small but stable company,” Mutafchiev said.

In his view, the initiative gets off ground at the right time - on the eve of Bulgaria’s accession to the European Union (EU), which would give the EU citizens the opportunity to get familiar with the country in advance.

Bulgaria Air said it would operate flights to new destinations in the summer season: Sofia-Dublin (Ireland) and Milan (Italy)-Varna (on the Black Sea).

The service to Dublin will be opened in April
, and at the beginning of the summer season the flights will be between Dublin and the Bulgarian Black Sea airports (Varna and Bourgas). A new service between London and Bourgas will be operated in the summer, too.

Another opportunity for bringing Bulgaria closer to foreign holidaymakers is already being provided by Bulgaria’s second largest GSM operator, GloBul.

The company and the Bulgaria in Miniature project (that has so far hosted an exhibition of miniature copies of Bulgarian historical and cultural buildings) have started their co-operation with the launch of a mobile guide of the most significant historical, cultural and natural landmarks in Bulgaria.

Via the Bulgaria in Miniature Mobile Guide (called Bulgaria Na Dlan, translating as “Bulgaria in your palm”), Bulgarian and foreign tourists will have access to mobile telephone lines with comprehensive information about the most important historical monuments and natural phenomena.

Signboards with the respective numbers at the sites will inform tourists of the info-line numbers of in Bulgarian and English. The info hotlines will be accessible from anywhere in Bulgaria for all GloBul subscribers at 1.20 leva (about 0.60 euro), VAT included, for a call. GloBul would donate all revenue from the hot lines to the further development of the Bulgaria in Miniature project, the mobile operator said.

Turnovgrad (now called Veliko Turnovo), the capital of Bulgaria between the 12th and 14th century; Arbanassi (on one of the hills around Veliko Turnovo), known for the legendary collection of murals in the Nativity Church; and the Black Sea’s Kaliakra Cape are the first historical monuments included in the mobile guide initiative.

The project authors, Sunny Suninski and Stefani Racheva, elected the first three sites as symbols of the history, the invincible spirit and faith of Bulgarians.

The respective mobile numbers are: for Turnovgrad - 1300 001 in Bulgarian and 1300 002 in English; for Arbanassi - 1300 003 in Bulgarian and 1300 004 in English; and for Kaliakra Cape - 1300 005 in Bulgarian and 1300 006 in English.

A total of 20 sights of the capital Sofia will be included in the mobile guide by Easter, and by June some 50 sights from all over the country are expected to become part of the project.

However, the crown for the most alternative way of alternatively promoting Bulgaria as a tourist destination did not originate in Bulgaria.

More than 60 000 Germans paid a virtual visit to the north-western Bulgarian town of Vratsa at http://visit.vratza.com/ in the end of February due to a radio quiz of the German Antenne Bayern radio.

The radio announced a prize of 80 000 euro for the listener who first translated into English or German the Greek word “orivasia”, which means climbing. Hundreds of thousands of listeners rushed to find the translation. Those who had access to the internet googled the word and so came across the Greek version of Vratsa’s site with a description of the rock gorge Vratsata (doorway), from which Vratsa takes its name.

Peak time the visits exceeded 300 a second, the total reaching 66 140 at the end of the day. The site received dozens of letters where the German entrants in the radio game expressed their amazement with beauty of the place and asked for directions on how to reach it.

The discovery of the site triggered discussions in hundreds of internet forums in Germany where users argued that the word was most probably Bulgarian and denoted the name of a resort or town in Bulgaria.

Awed by the beauty of Bulgarian nature, the mountain climbers who virtually visited Vratsa wanted to come and see it in person as well.

IBAN Introduced in Bulgaria From June 5 2006

The Bulgarian National Bank (BNB) launched on March 1 an awareness campaign for the introduction of the IBAN standard.

The IBAN (International Bank Account Number) format will become effective on June 5 2006, and after this date all local payments and transfers from Bulgaria will be made from client IBAN accounts, said Dimitar Kostov, deputy governor of BNB.

The new bank account numbers will have 22 symbols instead of the current 10 and will feature letters along with the figures.

On March 1, all Bulgarian banks started replacing the numbers of the more than six million accounts used by companies and individuals to date.

This account number would guarantee the security, speed and quality of local and international bank transfers, said Levon Hampartzoumian, executive director of Bulbank and head of Bulgaria’s Association of Commercial Banks, said.

IBAN is a client account number aligned with ISO 13616. The IBAN concept was developed by the European Committee for Banking Standards and the International Organisation for Standardisation.

The concept is recognised internationally as ISO 13616:2003. The Bulgarian Institute for Standardisation has adopted it as BDS ISO 13616:2004.

All European Union member countries use the IBAN standard. It was in use in 42 countries by the end of January, of which 10 were using it for internal payments as well.
Bulgaria will be the last Balkan country to introduce the IBAN.

The application of the IBAN in Bulgaria is set out in Ordinance 13 of the BNB and is generated to each customer account only by the servicing bank.

IBAN allows easier payment processing and helps decrease the number of incorrectly effected transfers. IBAN improves efficiency, promptness and quality of effected domestic and international transfers, providing a greater degree of security.

Upon acceptance of an order for a domestic transfer and for a transfer to a country which applies IBAN standard, each bank, by using the Check Digit, conducts checks as to the accuracy of specified account numbers of the payer and beneficiary (even if the beneficiary is a customer of another bank).

The risk of a delay or rejection of a payment due to inaccuracy diminishes as beneficiary accounts are to be credited only using IBAN.

To facilitate customers, between March 1 and June 5, banks will ex-officio inform several institutions about the new IBAN accounts of their customers, namely the Finance Ministry, the National Revenue Agency and the National Social Security Institute.

Although assigned in March, the new account numbers will be activated as of 5 June and cannot be used before that date.



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Property for sale in Bulgaria - Ski resort property apartment Location: Bansko Ref: 15630 Price: £44,322 - €65,153 Completion: November 2005 Details: Beds: 1 | Baths: 1 | Built M2 59 | Plot: M2 -- | Pool: No | Garage: Parking

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Property for sale in Bulgaria - Ski resort property apartment Location: Bansko Ref: 15630 Price: £44,322 - €65,153 Completion: November 2005 Details: Beds: 1 | Baths: 1 | Built M2 59 | Plot: M2 -- | Pool: No | Garage: Parking

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Property for sale in Bulgaria - Ski resort property apartment Location: Bansko Ref: 16766 Price: £27,211 - €40,000 Details: Beds:-- | Baths:-- | Built M2 -| Plot: M2 - | Pool: Heated | Garage: Parking

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Property for sale in Bulgaria - Ski resort property villa Location: Bansko Ref: 16610 Price: £26,993 - €39,680 Details: Beds:1 | Baths:1 | Built M2 -| Plot: M2 - | Pool: No | Garage: Parking

Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property villa Location: Bansko Ref: 15444 Price: £29,932 - €44,000 Details: Beds: 1 | Baths: 1 | Built M2 150 | Plot: M2 1500 | Pool: No | Garage: No

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