Bulgaria, Sofia: Compact, stylish office offering great value! 60m2 280 Euros

Give your business a strong market presence, with a compact, stylish office offering great value! Plugs your business into key downtown Sofia business network. Great for start ups, attractive working environment for staff & clients.

Давам под наем основно ремонтиран и обзаведен офис/кантора в гр.София, ул. 'Славянска'/Office prime location Ul.Slaviyanska  

http://www.housescape.org.uk/cgi-bin/full.pl?&scl1&language=bl&DSCOM00430&&5

 
Dynamic Space (Commercial Property)
Ul.Vladayska 42, Etaj.2, Apt.4
SOFIA, Bulgaria
1606
Tel : +359 (0) 2 9530116
Email : info@dynamicspacebg.com
Web: www.dynamicspacebg.com

Sandstorm or spilt milk! (Bulgaria protects Black Sea dunes)

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Bulgaria's lawmakers have accepted legislative amendments banning construction activities on sand dunes across the country's Black Sea coast.
The amendments were proposed by Bulgaria's Regional Development Ministry in January.
The scandal with construction activities on 29 decares of protected sand dunes between Ravda and Nessebar on the Black Sea coast erupted in the last days of 2012 when environmentalists said that the area was part of the Aheloy-Ravda-Nessebar protected area from the Natura 2000.
As a result, it became clear that the area was sold without a tender based on an older law that was in force until 2010. The new Forestry Act, passed in 2011, technically does not provide any way of selling State land without tenders but it said it allowed procedures that started before 2010 to be completed under the older law.
In the aftermath, Prime Minister, Boyko Borisov, ordered Bulgaria's Ministers of Regional Development, Agriculture, and Environment to update the Forestry Act, the Environmental Protection Act, the Biological Diversity Act, and the Black Sea Coast Organization Act "so that such deals and construction projects couldn't be allowed."

Article courtesy of Novinite

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Mobile: +359 (0) 896670507 +359 (0) 897036030
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Office Address: Ul.Vladayska 42, Sofia, Bulgaria
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the time for green shoots to spring through the cracked pavements of Sofia's city streets! (Sofia Architecture Week)

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I was strolling back from South Park towards the NDK (Palace of Culture) and I saw huge banners out on the lower levels of the South facing elevation promoting the 'Culture of Architecture' and Sofia Architecture Week (SAW).  It felt refreshing and exiting after the blight of the boom years, with lowest common denominator construction thrown up in haste, off-plan, to flip to foreign investors on a gravy train to a Terminus names Station 'urban chaos'!  Little thought given to end-users, the urban landscape, nor indeed infrastructure and local amenities that make community and good places to live ...let alone raise a family! 

So one hopes that from small beginnings a new consciousness within the Balkans can CEE can emerge with Architects leading the way to more sustainable passive construction that respects heritage innovation and energy conservation! ...at least the conversation has started and now is the time for green shoots to spring through the cracked pavements of Sofia's city streets!

http://edno.bg/en/sofia-architecture-week-2012/program

To rent offices with a service you can trust, in Bulgaria, contact the Dynamic Space property experts:

Website: www.dynamicspacebg.com

Mobile: +359 (0) 896670507 +359 (0) 897036030
Office/Fax: +359 (0) 2 953 01 16
e-mail: info@dynamicspacebg.com

Office Address: Ul.Vladayska 42, Sofia, Bulgaria

Twitter: @dynamicspacebg
  

'Bulgaria Mall' Near Completion Will Have A Debenhams!

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The latest of the Malls 'Bulgaria Mall' on Blvd.Bulgaria near to the Billa Metro stop opens soon and it will have a Debenhams Department store.  I think the British chain might have better luck than Marks & Spencer in Bulgaria as it will offer more stylish clothing and mid-upscale products.  Of course it will depend on how they chose to enter the market if a Franchise like M&S it might add to prices of items and therefore affect sales volumes and viability.  Check out the publicists link for more info:
Debenhams coming 1st Dec 2012

In the UK at least Debenhams offer men's clothing in large sizes with good choice of style and fashion, which for anyone over 6ft in BG is welcome news as the only other place to get jeans is M&S!

To rent offices with a service you can trust, in Bulgaria, contact the Dynamic Space property experts:

Website: www.dynamicspacebg.com

Mobile: +359 (0) 896670507 +359 (0) 897036030
Office/Fax: +359 (0) 2 953 01 16
e-mail: info@dynamicspacebg.com

Office Address: Ul.Vladayska 42, Sofia, Bulgaria

Twitter: @dynamicspacebg
  

Bulgarian Labour Market

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Bulgaria has registered the highest decline in employment among all 27 countries in the European Union in the second quarter of 2012, latest Eurostat data indicates.
Thus, in April-June 2012, Bulgaria's employment went down by 1.3% compared with the first quarter of the year.
Bulgaria's employment fares even worse in Q2 of 2012 on annual basis, registering a 2.8% decline year-on-year.
Other EU members – Denmark, Spain, Cyprus, Malta, Portugal, and Slovenia – have also seen declines in their employment levels in the second quarter of 2012 but their drops are all below 0.5%. No Eurostat data is available about Greece and Romania.
The number of persons employed remained stable in the euro area1 (EA17) and increased by 0.1% in the EU27 in the second quarter of 2012 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union.
In the first quarter of 2012, employment fell by 0.3% in the euro area and by 0.1% in the EU27. These figures are seasonally adjusted.
The highest increase in employment was recorded in real estate activities (+0.7% in the euro area and +1.4% in the EU27), and the largest fall in financial and insurance activities (-0.8% and -0.7% respectively).
Compared with the same quarter of the previous year, employment fell by 0.6% in the euro area and by 0.2% in the EU27 in the second quarter of 2012 (after -0.5% and -0.2% respectively in the first quarter of 2012).
Eurostat estimates that, in the second quarter of 2012, 223.4 million men and women were employed in the EU27, of which 146.4 million were in the euro area.

Article courtesy of: www.novinite.com 
Image courtesy of: http://www.freedigitalphotos.net image by 'xedos4'

To rent offices with a service you can trust, in Bulgaria, contact the Dynamic Space property experts:

Website: www.dynamicspacebg.com

Mobile: +359 (0) 896670507 +359 (0) 897036030
Office/Fax: +359 (0) 2 953 01 16
e-mail: info@dynamicspacebg.com

Office Address: Ul.Vladayska 42, Sofia, Bulgaria

Twitter: @dynamicspacebg
  

Bulgarian State Construction Company Privatized For BGN 51 M

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Bulgarian state construction company Technoexportstroy was privatized Wednesday against BGN 51 M given by Bulgarian firm AT Engineering 2000.
AT Engineering was the sole bidder in the privatization tender, and acquired 100% of the company's 103,970 shares.
This is the biggest yet privatization deal in Bulgaria for 2012, but came to be finalized only after the third try.
At the first listing of Technoexportstroy, Bulgaria's Privatization Agency had set a BGN 68 M minimum limit, dropping to BGN 60 M at the second, and then dropping off at the third.
The privatization contract obliges the buyer to keep the principal field of operation of the company unchanged for the next 3 years.
The buyer is also obliged to not initiate or support a liquidation or transformation of the company for the same period.
AT Engineering 2000 engages in construction and repair of industrial, administrative and residential buildings.
Its last major project involves taking part in building composting facilities at the future Sofia recycling plant, as a part of the Eggersmann & Co. consortium.
The company has received a significant drop of income from BGN 78 M in 2009 to BGN 16 M in 2011, which has resulted in some 120 employees being laid off.
Technoexportstroy's financial situation is not good either, with a small profit of BGN 119,000, but also uncovered losses of BGN 175 M, given a capital of BGN 82.6 M and blocked bank accounts.
The company is however known to own attractive real estate and facilities, as well as a network of units abroad.

Article courtesy of www.novinite.com 
Image courtesy of: http://www.freedigitalphotos.net image by 'Stuart Miles' 

To rent offices with a service you can trust, in Bulgaria, contact the Dynamic Space property experts:

Website: www.dynamicspacebg.com

Mobile: +359 (0) 896670507 +359 (0) 897036030
Office/Fax: +359 (0) 2 953 01 16
e-mail: info@dynamicspacebg.com

Office Address: Ul.Vladayska 42, Sofia, Bulgaria

Twitter: @dynamicspacebg
  

COMMERCIAL PROPERTY MARKET IN BULGARIA – 2012

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According to analysts, there are three main tendencies concerning the commercial property market in Bulgaria for 2012.

The first one is that the number of purpose built industrial facilities has increased due to the increased volume of outsourcing of light industrial production from Western Europe to Bulgaria. Bulgaria is attractive with low taxation and low labour costs.

The second tendency is that the relocation of companies into newly build offices has intensified due to the fact that the owners offer 5 to 7 year leases at attractive prices, allowing firms to cut costs during the economic downturn.

The third tendency is that six new giant shopping malls are under construction throughout Bulgaria, three of which are opening in 2012 – Bulgaria Mall, Paradise Centre and a new mall in Bourgas. 

Source:
http://lmlegalservices.com/blog/archives/818

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To rent offices with a service you can trust, in Bulgaria, contact the Dynamic Space property experts:

Website: www.dynamicspacebg.com

Mobile: +359 (0) 896670507 +359 (0) 897036030
Office/Fax: +359 (0) 2 953 01 16
e-mail: info@dynamicspacebg.com

Office Address: Ul.Vladayska 42, Sofia, Bulgaria

Twitter: @dynamicspacebg
  

An Anatomy of Bulgarian Business

Aging Bulgarian Business leaders

Young entrepreneurs in Bulgaria represent only 5% of all businessmen in the country, according to recent research.

The study conducted by the market research agency NOEMA, shows that businessmen of 60+ represent 15% of the total.  

33% of SME's are family run businesses. These family businesses are mostly run and managed (70%) by their creators representing 90% of all business in Bulgaria.

The study focused on the macro-economic environment for business in Bulgaria and their current state of competitiveness, the influence of the economic crisis and how/if they are recovering.  It also investigated the amount of innovation carried out by such firms.

There are 325,000 micro businesses in Bulgaria, followed by 23,000 small business, with medium businesses representing 4,444. There are only 774 large firms representing only 2% of the total.

Business is mostly concentrated in Southern Bulgaria with a strong difference compared to the North. Experts from NOEMA cite the poor infrastructure in many Northern regions.

The crisis has hit the manufacturing sector most with a large number being forced to shut down since 2008. 

Unemployment rose most in SME's, which provide 75% of all jobs in the country.

The financial indicators have worsened slightly with revenues and turnovers going down by several percentage points, leading businesses to cut costs and investment in new technology and equipment.

In 2011 SME's relied largely on exports of raw material, machines and equipment to the rest of the EU.

Experts raise concern at the aging population of leading Bulgarian entrepreneurs, with most over 46.  Banks are seen as loathe to lend making access to credit a key issue for SME's in Bulgaria.  This in turn affects competitivity, with reduced investment in innovations highlighting a need for alternative sources of financing.  In 2011, according to the study, 62% of SME's used funds from their owners or friends and relatives to plug the gap left by the banks.

Another problem for SME's is the protection of intellectual property.  Only 7% having registered patents; 13% a registered brand and less than 20% with enough funds to invest in the aforementioned.

Article courtesy www.novinite.com 

To rent offices with a service you can trust, in Bulgaria, contact the Dynamic Space property experts:

Website: www.dynamicspacebg.com

Mobile: +359 (0) 896670507 +359 (0) 897036030
Office/Fax: +359 (0) 2 953 01 16
e-mail: info@dynamicspacebg.com

Office Address: Ul.Vladayska 42, Sofia, Bulgaria

Twitter: @dynamicspacebg
  

Bulgaria Is Increasingly Attractive Outsourcing Destination

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ig international companies are studying the Bulgarian market as an appropriate destination for opening new production facilities, according to Colliers International's Industrial Real Estate Market Overview for the first six months of 2012.
According to the report, Bulgaria is more attractive than other EU member states by virtue of its low production costs, the favorable tax rates, and the good geographical location.

During the reporting period, new production facilities were opened in Bulgaria mostly by international companies operating in the automotive sector.
For instance, Japanese car parts manufacturer YAZAKI bought the Miroglio factory in Sliven, while South African company ALC (Automotive Leather Company) opened a plant for luxury seats and interior for BMW cars in the village of Musachevo.
"Bulgaria will keep developing as an appropriate destination for outsourcing production activities," says Atanas Garov, CEO of Colliers International for Bulgaria.
"We are noticing an increased interest from Western European companies which are studying terrains and existing production bases that can be renovated," he adds.
During the reporting period, demand for industrial and logistics space on the domestic market is mainly driven by food retail chains, logistics operators, and pharmaceutical companies and the region of Sofia has proved most attractive.
The total stock of contemporary logistics, speculative logistics, and industrial space in Sofia increased by 15 000 sq m in first six months of 2012, mainly due to the subletting of logistics bases by their owners.
In the first half of 2012, no large-scale industrial and logistics projects were completed.
Apart from that, no new projects entered the construction phase of their development.
According to the real estate consultancy, the trend has been in place for the past 18 months, indicating a decrease in the volumes of trade by operators owning warehouse space.
According to the report, rental levels remained stable in the first half of 2012 and are expected to remain stable by the end of the year.
Asking rents for prime property in Sofia registered a slight decrease to EUR 3.8 per square meter per month.

(Article courtesy of Novinite: http://www.novinite.com/view_news.php?id=142463)
Image courtesy FreeDigitalPhotos.net

To rent or purchase commercial property (offices/warehouse/retail/wholesale/manufacturing estates) in Sofia Bulgaria feel free to contact us.

To rent offices with a service you can trust, in Bulgaria, contact the Dynamic Space property experts:

Website: www.dynamicspacebg.com

Mobile: +359 (0) 896670507 +359 (0) 897036030
Office/Fax: +359 (0) 2 953 01 16
e-mail: info@dynamicspacebg.com

Office Address: Ul.Vladayska 42, Sofia, Bulgaria

Twitter: @dynamicspacebg