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The road ahead is clear for Sofia
Despite recent news that some construction projects and property in Sofia have been put on hold, the European Investment Bank have made a loan of over 40 million euros available to the city for the purposes of constructing and renovating key sections of highway. This is a loan and represents only half of the funds being raised to improve the city’s infrastructure. The Sofia municipality is raising over 40 million euros itself and the loan will have to be repaid in 25 years. Sofia has until recently weathered the global bite a little better than most other areas in Bulgaria, with higher employment rates and relatively high levels of interest from foreign investors keen on buying property in Bulgaria. This fund raising for road improvement is more evidence of the optimism the country is trying imbue, and in the market recovery ahead Sofia is sure to lead the way for real estate in Bulgaria. © Copyright
Published: 22-Oct-09
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