Recent article in The Sofia Echo comments the situation with the office space for rent in the city. Naturally, the construction boom will not leave this area of the real estates intact and after overbuilding in resorts the next area is the office space.

For many of this new developments the dilemma “half empty of half full” does not exist at all since they are committed to become fully empty even before they are started but obviously the motives behind building them are not purely financial. Sometimes bankruptcy is deliberately sought by the developers in order to resell the project on more attractive price… It is needless to say the more than half of so called office buildings do not offer anything different than the regular apartment so popular and used as offices in the centre of the city while at the same time offered at prices completely unreasonable for the areas where they are located.

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Recent rumours about the bankruptcy of one of the banks in Bulgaria – First Investment Bank made lots of their clients to withdraw their savings from the bank and to close accounts.

As a reply the Executive Director Ms. Maya Georgieva said that “who believes in rumours should take his money back”. Lady, every schoolboy knows that you do not have all their money. I am not sure what the situation is, but if you continue with such statements you might successfully bankrput the bank… Good luck!

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