It is official now. Whether you like it or not it is here. We are about to see “who has been swimming naked”. Construction, estate agents, construction materials, tourism will feel it shortly. Banks, financial services to follow. Ready to dive?
Posts Tagged ‘banks’
Last Investment Bank
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 [...]
Inexperienced investors and incompetent local authorities
Inexperienced investors and incompetent local authorities are the reason for the fiasco in the real estate sales in some resorts in Bulgaria according to the chief of UniCredit Bulbank Levon Hampartzoumian. The person with hardly pronounceable name believes that most of the popular resorts will suffer difficulties which will reflect also on the Banks that [...]
Why do the Brits leave?
A recent article in Capital newspaper discusses the reasons that led to decrease in real estate sales in the last year. It is not a secret that after the initial boom currently there are about 20 000 apartments for sale in Bansko and over 200 000 on the Black Sea. Their number is increasing every [...]