Bulgaria property boom has environmental cost
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BANSKO, Bulgaria  - The citizens of Bansko, a ski resort in Bulgaria's Pirin mountains, are selling their land with gusto to buy fancy cars and replace communist-era furniture.
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Environmentalists think ahead to the effect of tourists and investors on a landscape of crucial habitats.
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The number of homes on the market is big, and likely to get much bigger.
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This year, those with tens of millions to spend found some pricey properties from Santa Barbara to South Beach.
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Politics: 6 November 2004, Saturday. Bulgaria might allot an extra BGN 100 M (approx EUR 50 M) for education next year, according to the finance minister.
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Bulgaria in Brief: 6 October 2004, Wednesday. An international Architecture, Construction and Furnishing exhibition opens in Sofia this week, offering major discounts.
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Bulgaria's government debt last August dropped by EUR10.9 million on the month to EUR8.22 billion, the Ministry of Finance said Wednesday.
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The combination of escalating real estate prices and largely stagnant incomes has contributed to the problem.
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Real estate prices depend a lot on local conditions.
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WASHINGTON -- Robert Stec would like to help clean up the nation's dirty air, but at $1 million a plant to install air-pollution control technology, it would be cheaper for him to move his furniture manufacturing business overseas.
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Workers sandblast decades of muck and grime off Bulgaria's imposing Palace of Justice. It's a fitting metaphor for the country's mad scramble to clean up rampant corruption and crime before it joins the European Union on Jan. 1.
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No longer an exclusive asset for the upper classes, second-home ownership has exploded in recent decades, becoming an integral part of global tourism.
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Business: 22 October 2004, Friday. The project for the gasification of Bulgaria's capital city Sofia was launched on Friday.
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More than 10,000 people protested in the streets of Bulgaria&#039;s capital Tuesday to demand changes in the government&#039;s economic and social policy, which they blame for the country&#039;s rising cost of living.
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Environmentalists are thinking ahead to the effect of tourists and investors on a landscape of crucial habitats.
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Business: 30 September 2004, Thursday. The Supervisory Council of Bulgaria's Privatization Agency approved the contract with Germany's EON Energie for the privatization of 67 percent stake in Northeast Bulgaria ...
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The Russian LUKoil is ready to invest another US$400 million in the Bulgarian-based petrochemical plant, LUKoil-Neftochim Burgas by 2012, to double the present-day total, said Vaghit Alekperov, LUKoil ...