Bulgaria's Sofia Starts 'Unfreezing' Its Construction
Thursday, 01 January 1970
Vast construction projects in the Bulgarian capital Sofia, such as malls, office buildings, trade centers and residential buildings have been launched again as the financial crisis is slowly going away. The first Bulgarian IKEA is expected to be opened after its construction was on hold for 2 years.
Vast projects are estimated to be worth BGN 700 M in construction investments. The banks have a considerable contribution to the projects' renewal, as they have financed a good deal of them.
Entrepreneurs have given signals that other frozen projects may soon be continued, including Mega Mall and Europe Center. The investors are waiting to see how the economy will look like towards the end of 2011. /Source: Sofia News Agency/