Pitsiorlas to be the new head of TAIPED

Corporate executive Stergios Pitsiorlas is expected to be appointed the new head of state sell-off fund TAIPED next week as the first changes to the fund’s board are about to be implemented. Pitsiorlas currently ... More


Croatia offers private island of Tito on concession

Croatia has started a procedure to grant a private investor the right over tourism infrastructure and hotels on the Brijuni Island, which was once the summer residence of Josip Broz Tito. From 1954-1979 the archipelago served as ... More


Eurobank Properties sells asset in Ukraine

Eurobank Properties announced on Tuesday the sale of one of its assets that is based in Ukraine. The ground-floor store, with a basement, is in the capital Kiev and has a total surface of 541.6 square meters. It fetched the ... More


Price hke of office rental rates in Bulgaria expected

Premium class office space rents in Bulgaria will reach new heights in 2014. The top office rental rates will rise in price up to EUR 10 per sq/m. The prognosis is of the advisory company Forton, an Alliance Partner of ... More


Four tenders in the government’s privatisation programme enter final phase

Four tenders included in the government’s privatisation programme are as of Thursday entering their final phase for the submission of binding bids, following the approval of the final plans of share sale contracts by the ... More


Qatar said to pull out of Greek airport race

Qatar's state-owned real estate firm has reportedly pulled out of the race to redevelop the former Athens airport, known as the Hellinikon International Airport. According to the Greek Reporter, Qatari Diar, a subsidiary of ... More


Qatar Diar plans investment in Montenegro resort

Qatari Diar Real Estate Investment Company plans to invest €250 million in a new luxury resort in Montenegro, media reported on 13 November. Following the takeover of an existing hotel in a bay near the city of Tivat, the ... More


Mortgage lending in Bulgaria may become more expensive – Experts

Proposed changes to Credit Institutions Act may lead to higher interest rates, according to bank experts. Instead of protecting borrowers, the changes proposed by MPs from ruling Bulgarian Socialist Party, BSP and liberal ... More


Greek private islands to be auctioned off

Two private islands - Spalathronissi and Fidonissi in northern Aegean - are up for sale, and both are expected to be auctioned off shortly, the auction house in charge of their sale announced on Monday . Myro Antiques House ... More


Squatted state land estimated at 28,300 properties

Some 28,300 land properties owned by the state, equal to nearly 101,000 acres, have been squatted, according to figures from the State Properties Company (ETAD) S.A. electronic files, finance ministry general director for state ... More


International hotel operators Cushman & Wakefield to enter Bulgaria

The city hotel segment in Bulgaria's capital Sofia is still at the development stage and room still exists for new projects, but only in the city centre, says Frederic Le Fichoux, who oversees hotel business at international ... More


International hotel operators Cushman & Wakefield to enter Bulgaria

The city hotel segment in Bulgaria's capital Sofia is still at the development stage and room still exists for new projects, but only in the city centre, says Frederic Le Fichoux, who oversees hotel business at international ... More


Bulgaria's Troubled VMZ Sopot Plant

In February 2010, VMZ Sopot, the largest Bulgarian military plant, which is still state owned and in deep financial troubled fired workers who protested against delays of salaries. The VMZ Sopot plant employs 3 700 workers. It ... More


Smederevo Football Club and Stadium for sale

Commercial Court in Belgrade has announced the sale of the bankrupted estate "Sartid" from Smederevo. A stadium and share in the Football Club Smederevo is offered for slae. Estimated value of a sports stadium in Smederevo ... More


Sofia's industrial building permits on the rise

The number of industrial building permits in Bulgaria's capital has started to grow, which is considered an encouraging sign for the country's economy, Sofia's chief architect, Petar Dikov, said at the Construction and Property ... More


Bulgarian Galaxy Property sells stake in Agro Finance for BGN 7.1m

Bulgarian property investment company Galaxy Property Group has disposed of its 21.6% in local real estate investment trust (REIT) Agro Finance in a BGN 7.11 million deal, Dnevnik said today, citing stock exchange data. The ... More


Construction of Apatin port chance for municipality’s development

First Deputy Prime Minister and Minister of the Interior Ivica Dacic said today that Apatin has a favourable geostrategic position for the overall development of Serbia because it is situated on Corridor 7, or the Danube ... More


Zagreb starts selling city-owned properties

Zagreb is looking to fill the gap in its budget deficit by selling 30 of its 2,000 apartments, the portal Business writes. With prices ranging from 1,000 and 2,000 Euros per square metre, city officials hope to boost the ... More


InterCapital in talks to sell Borovets holiday complex

Bulgarian real estate investment trust (REIT) InterCapital Property Development is holding negotiations with prospect buyers for its holiday complex in the upscale winter resort of Borovets. The move comes after the REIT came ... More


ERG Capital REITs sell property portfolios for EUR 27m

ERG Capital 1 and ERG Capital 2, the real estate investment trusts (REITs) of Bulgarian American Credit Bank (BACB), have clinched a deal to sell their entire property portfolios for EUR 27 million combined, the companies said in ... More