Business

Lifestyle

Politics

Society

Sports

Home » Business

The crisis stopped construction for 3 billion leva

Submitted on Monday, 23 March 2009No Comment

The chief of the Chamber of builders Ivan Boykov said in an interview with the newspaper “Sega” that constructions for three billion leva in the capital Sofia have been stopped due to the crisis. In his opinion, the crisis will get stronger in the summer.

“The construction of office buildings, malls or even houses in Sofia has been stopped temporarily. There are many construction sites with an approval for building and provided financing, but investors lacking the courage to start them”, added he.

According to Boykov, the situation at the seaside is very serious. The construction of numerous hotels and villas has been stopped, with a decrease of contruction by 30%.

Popularity: 1%

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • email
  • Technorati
  • Live
  • MySpace
  • Reddit
  • StumbleUpon
  • Twitter
  • Wikio

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.

More news from Business

» Large discounts for Bulgarian property
» Bulgaria real estate property increasingly attractive for Russians
» Russian pressure for the nuclear power plant Belene
» ORS aren't changing their plans for Bulgaria
» 700 jobs opened for the construction of Mall Pleven