Thursday, 29 November 2012

Dimistroy, to buy Gorna Oryahovitsa airport concession, one step closer

French construction company "Danistroy" has deposited a letter of intent with the Ministry of Transportation for the Airport Concession - Gorna Oryahovitsa. "Danistroy" has intentions to develop the Airport at Gorna Oryahovitsa. In the initial phase the initiatives are for the rehabilitation of hard surfaces, runway and new avionic equipment, and the construction of a special VIP terminal.

Also, the French company plans to construct more Bulgarian Real Estate including a technical centre for private airplanes like Cessna, Embraer, and Bombardier, develop a private school for pilots and parachutist training.

An investment of at least 4 million has been suggested. "Danistroy" previously had an interest in the airport in Stara Zagora.

Daniel Dimov, set up the French construction company when he left Bulgaria, Dimov, reportedly, buys and sells aircraft for hundreds of thousands of euros. In early September this year through his holding company he bought a "Cessna 500 Citation I" for € 315,000. In mid-November he announced for sale a "2008 Diamond DA-42 Twin Star" for € 325,000.

"A letter of intent from "Danistroy" is the first step, which is not a means to an end, that there will be a bid submitted by the prospective concessionaire" said Peter Petrov, head of the airport. However, there is an atmosphere of optimism which is positive!

Bulgaria airport concession Gorna Oryahovitsa
Veliko Tarnovo to benefit from an airport!
During March 2011 the Bulgarian Cabinet decided to initiate the procedure for the airport concession area of 2,115 acres for 25 years to the future owner had placed conditions have share capital at less than 1 million and the carrying value of its assets is not less than 5 million. If a successful bid is finalised and acceptable this could open up the airport for future commercial traffic benefitting the region of Veliko Tarnovo as a whole.

Source Yantra Dnes

Friday, 23 November 2012

Guardian of Traditions, award in Sofia seen in Veliko Tarnovo, Bulgaria

For the third consecutive year, the Association for the Development of Arts and Crafts –ARIZ 7 handed out its annual awards entitled “Guardian of Traditions”. This year there are five categories - Folklore, Crafts, Arts, Cuisine, Outstanding Individuals and Organizations.
2019 Veliko Turnovo capital of culture Bulgaria
Both Voyager 1 and 2 carry copies of the "Voyager Golden Record,"
a sort of message in a bottle intended for potential alien civilizations.
The record includes prominent Bulgarian folk song
"Izlel e Delyo Haidutin," sung by Valya Balkanska, among others.

The ceremony took place on November 14th in Sofia. In the category Folklore, most votes were given for the great Bulgarian singer Valya Balkanska. (Years ago, her song "Izlel e Delyu Haidutin" was sent into space aboard the NASA'S Voyager 1 and 2). Valya Balkanska will now be preparing to enter interstellar space shortly as Voyager 1 is 18 billion km away and travelling at 13km's per second! Click here to listen.

 “I am happy such organizations and events exist”, Valya Balkanska told Radio Bulgaria immediately after the award ceremony. “ I do not think I did much, but I am extremely proud that a Bulgarian song has mastered "the earth and the sky." We have everything we need - beautiful nature, fascinating songs, talented and skillful people. If everyone of us gave their skills to even a very small group of young people, we will not lose our traditions. I wept with joy tonight when I saw the performance of the Philip Koutev ensemble – it is all about beauty, youth, and history. We have trodden the path. A tree without roots falls, as one of the winners, painter Keazim Isinov, said. I would add - the hearth without fire loses its heat, which brings the family together. Let's keep this fire burning. I'm happy for the award, but I am even happier that here I see people who care about our traditions. One of my teachers once told me: "Even the little good that a person does, pays off."
Capital of Culture Bulgaria 2019 Veliko Turnovo
Valya Balkanska playing at the cultural city of Veliko Tarnovo
After having the pleasure of seeing and listening to Valya Balkanska and 100 Rhodopi pipers here in Veliko Tarnovo (Region Veliko Turnovo - Candidate of European Capital of Culture 2019) I can appreciate her words spoken in this interview and look forward to listening this truly magical music again and again over the coming years. Who knows, lets hope that Valya Balkanska will be singing with the pipes here in Veliko Turnovo, and see the demand for Veliko Tarnovo real estate rocket when the region becomes the cultural capital of Europe, and deservedly so!

Source Radio Bulgaria

Wednesday, 21 November 2012

New Bulgarian airport and transportation hub of South East Europe

So why invest in Sofia airport when the natural choice of location for an all-weather and all-year round airport does not lie in a valley?

new airport Bulgaria
Sofia airport
Bulgaria's Sofia Airport is set to demolish its old Terminal 1 building complex, seeking to construct a new terminal on the same location within five years, Sofia Airport CEO Veselin Peykov has announced. In October 2012, Sofia Airport serviced a total of 285,216 arriving and departing passengers, 1,400 more than in the same month last year. The highest growth in the number of transported passengers was registered by the airlines NIKI (Air Berlin), Austrian Airlines, Turkish Airlines, Olympic Air, Air France, Aeroflot and Bulgaria Air.
Cargo flights reported some 10% increase, compared to last October and flights on domestic routes registered a 29% growth. In October 2012, Sofia Airport handled 1,507 tonnes of cargo and parcels, 1% more than in the same month of last year. Specialised cargo flights transported 20% more cargo than in October 2011. Cargo companies specifically look for infrastructure hubs, road, rail and air.

It has also been announced that a new “mega” toll-road will be constructed from Svilengrad on the border with Turkey and Greece to Ruse on the south bank of the River Danube bordering Romania. Qatar has already pledged support for the construction of this North-South highway and furthermore, during a visit to Veliko Tarnovo this year Bulgarian Prime Minister, Boyko Borisov, said publicly that the airport will be revived with the restoration of the cargo terminal in order to export meat to Qatar. He was quoted as saying “exporting meat products from Gorna Oryahovitsa and as a consequence develop a container terminal, this would protect and stimulate further new developments and regeneration”.
bulgaria airport in the centre of South East Europe
Gorna Oryahovitsa Airport located North of Veliko Tarnovo
The Mayor of Veliko Tarnovo, Daniel Panov, has said “there have been multiple queries and interest in the airport” and colleague the Mayor of Gorna Oryahovitsa, Dobromir Dobrev, are both confident that by the end of the new concession extension period (3rd December this year) there will be a positive step in the right direction.
The pertinent details of the concession are:-
• The concession site is an airport for public use in Gorna Oryahovitza, including;
airport concession Bulgaria
A large amount of Real Estate and land
included in the concession's territory
• Concession territory with a total area of 2,115,405 sq. m., consisting of land property № 16359.506.1 with an area of 2,093,523 sq. m.; № 16359.506.2 with an area of 2,948 sq. m.; No. 16359.506.3 with an area of 8,586 sq. m. and No. 16359.506.4 with an area of 10,348 sq. m., all located in the locality of Ashova, according to the scheme and coordinates that are an integral part of the tender documents and concession contract.
• The buildings, located in the territory under item 1.1. with identifiers under the cadastre registry, as follows: from No. 16359.506.1.18 to No. 16359.506.1.21; No. 16359.506.1.30; from No. 16359.506.1.34 to No. 16359.506.1.36, located in property No. 16359.506.1 and others, as per the tender documentation and the concession agreement
• Facilities and equipment as per the tender documentation and the concession agreement 9.2. To the subject of concession are also included the buildings, facilities and equipment to be built and/or installed by the concessionaire at their own risk and using their own funds in a manner described in the concession agreement • Type of procedure: open procedure
• Amount of guarantee for participation in the procedure and conditions for its payment or delivery: value: 50000 EUR
• Validity of tenders: 360 calendar days after the date of submission of the tender
• Place and date for receipt of tender documents for the procedure: Location: Republic of Bulgaria, Sofia 1000, Ministry of Transport, Information Technologies and Communications, 9 “Diakon Ignatiy” str., rooms 1003 and 1004
• Date: 30.11.2012 Hour: 17:00 hours
• Price and method of payment for the tender documents: Price in figures: 5,200
• Language of the tenders: Bulgarian
• Place and date for receipt of tenders: Republic of Bulgaria, Sofia 1000, Ministry of Transport, Information Technologies and Communications, 9 “Diakon Ignatiy” str., rooms 1001
• Date: 03.12.2012 Hour: 17:00 hours
• Place and date of opening of tenders: Republic of Bulgaria, Sofia 1000, Ministry of Transport, Information Technologies and Communications, 9 “Diakon Ignatiy” str., hall No. 3
• Date: 06.12.2012 Hours: 10:00 hours

So getting back to Sofia; Peykov has told the Bulgarian National Television that constructing a new terminal in the place of the old one would save money. Noting that Terminal 1 has serviced tens of millions of passengers since it was opened in 1937, Peykov has explained that "times are different now" and a more modern terminal is necessary. He revealed that the new terminal would have the capacity to service some 5 million passengers per year, or twice as many as the airport's other existing terminal, Terminal 2. The new terminal is expected to have 16 to 18 passenger boarding bridges and a car parking lot consisting of several levels. The Sofia Airport should be offered on concession, Peykov has also stated. "We may even consider privatizing the whole airport. Private-owned airports exist in many places in Europe and around the world," the CEO has pointed out.

So I go back to my question, why invest in Sofia airport when the natural choice of location for an all-weather and all-year round airport does not lie in a valley? January 11th 2011, news; “Sofia Airport has experienced another difficult day with flights cancelled, delayed or redirected to different airports. Heavy fog has been in place over Sofia and much of Bulgaria for more than 36 hours now, as many regions in the country are being classified with Code Yellow status, according to Meteoalarm, the official website of Europe’s national weather services. The airport is operating with limited capacity and flights are departing and landing with significant delays. Flights to Vienna and Budapest have been grounded altogether, Bulgarian National Television reported on January 11 2011. Overnight, Bulgaria Air and Swiss Air flights were redirected to Varna and Bourgas airports instead because of poor visibility in Sofia”. 

This account is by no way an irregular occurrence, so why not invest in a new terminal at an airport in North Central Bulgaria? This airport (whose concession expires within 12 days) is adjacent to a new toll road with Asia-East Europe road haulage and adjacent to the biggest rail holding yard in Bulgaria and in the NATIONAL ERTMS DEPLOYMENT PLAN OF THE REPUBLIC OF BULGARIA, rail corridor 11, linking Greece, Turkey (corridor 10) and Romania.

bulgaria airport in the centre of South East Europe
De-icing a Russian Aeroflot Airbus,
this could be a regular site at Gorna Oryahovitsa airport 
Its weather is particularly favorable, needs little immediate investment, allegedly a “blind landing system” and de-icing equipment are the main components.
new bulgaria airport
Capable of handling the world's largest cargo planes

So I genuinely hope that someone out there will “think a little out of the box” and look at this golden opportunity and if necessary the government grant a further extension for the concession, whilst businesses and investors analyse the potential of Gorna Oryahovitsa airport and its exciting new infrastructure that will inevitably lead to this region being a transportation hub of South East Europe!

Friday, 16 November 2012

Britain has slipped beneath Bulgaria

Oh all ye of little faith in Bulgaria, get what Jack Dromey thinks of Bulgaria since "Britain has slipped beneath Bulgaria"!

"Britain has also lost its status as a ‘nation of home owners’, falling to 11th from bottom in the EU for home owning levels – below Romania, Bulgaria and Ireland.

Britain slips below Bulgaria, Labour claim
So many properties in the UK are beyond the ability of 1st time buyers to raise a mortgage!
These in Liverpool, will soon be renovated and let out.


Labour’s housing spokesman Jack Dromey told a local paper ‘For 5million of our citizens, the dream of home ownership is dying as Britain slips beneath Bulgaria."
Bulgaria, Britain slips below
Is Britain slipping beneath the depths whilst Bulgaria remains buoyant?

Maybe the Minister of Housing in Bulgaria (or equivalent) should invite the Shadow Minister to visit Bulgaria before he slips to deep below to dig himself out!! In the mean time I will enjoy my House in Bulgaria here in Veliko Tarnovo, the best place for Bulgarian Real Estate.