Cheap Flights From Houston - International Investment in Bulgaria Still Strong

Business and entertainment centre currently under construction in the heart of the capital city, the Mall is an enormous trade. GE Commercial Finance Real Estate recently announced it will be acquiring a 50% stake of the Mall of Sofia.

The acquisition is costing approximately EUR 37M and was made by a consortium of GE Commercial Finance Real Estate and Quinlan Private.

This investment can only encourage the current growing trend in the Bulgarian property market and indicates GE's intentions to expand to the countries in Central and Eastern Europe.

The added investment is been used to bring the airport and its facilities up to date and to deal with the constantly increasing passenger traffic. Copenhagen Airports has announced it will increase their planned investments in Bulgaria's Varna and Burgas airports from EUR 106M to EUR 140M by the end of 2008.

The airports may see a decrease in expected traffic as soon as next season, a corporate analysis on the airports of Varna and Burgas shows that unless urgent reforms are implemented at both facilities.

Varna and Burgas have seen a 20% increase in passenger traffic, bulgaria's top three airports at Sofia. Tour operators are likely to redirect tourists to alternative destinations due to insufficient quality of services and this would have a knock-on effect for hotels with poor bed occupancy and a possible slowdown in the overall economic development of the region.

New European low cost air-carrier Wizz Air has completed its first flight with destination Sofia.

And 155 passengers were on board for the new beginning, tickets for the flight started selling in Bulgaria three months before.

Venice and Berlin, milan, rome, london's Luton airport, initially flying to Budapest, the airline took off at the end of May from the southern Polish city of Katowice. Focusing on the markets of Central and Eastern Europe, and is looking to expand the number of flights out of other Bulgarian airports and increase the destination sites throughout Europe, wizz Air is now flying the Sofia-Budapest Route four times a week.

Infrastructure and travel reflect the growing confidence in the future of Bulgaria as a major player in the region and move the country closer to expected EU integration in 2007, the above investments in the real estate sector, in closing.