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Welcome

 

We warmly welcome you to our website where you will find information on Sredets, Burgas, Bulgaria and Investing in Bulgarian Properties. 

In addition to the above you will also be able to find information on shops, bars, restaurants, hotels and accommodation for rent.

We will endeavour to bring you all the latest news and events as we get them.

There is a property for sale Sredets Bulgaria section, that you can go to if you are thinking of buying either a New Home or an investment. Whether you are searching for a villa by the black sea, a mountain ski lodge, holiday house for sale in Sredets Bulgaria, land or apartment in sunny beach we are here to help you find and purchase your“Ideal Home”.

We employ both English and Bulgarian staff creating a balanced interpretation to make buying Property in Bulgaria a pleasant and uncomplicated process, allowing us to find properties for you at the best possible price.

We have professional associates to help you with Mortgages, Legal advice, Currency, and have builders to renovate your older property or build you a new home to your specification.

If you need help or advice please CONTACT US and we will do our best to answer your query.

 

News
Update from U.K. government re state pensions if we leave the EU with no deal
Uprating guarantee for UK State Pension recipients living in EU The government will continue to uprate the UK State Pension paid to people living in the EU each year for the next 3 years. Published 1 September 2019 From: Department for Work and Pensions Nearly half-a-million people living in the EU will continue to have their UK State Pension increased every year for the next 3 years...
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Legislative amendments with regard to the right of residence after Brexit in a no deal scenario from the Ministry of Interior Bulgaria
On 12 April 2019 the National Assembly of the Republic of Bulgaria adopted the legislative amendments proposed by the government for the event of a no deal Brexit at the second reading.

The legislative amendments shall enter into force on the day following the date of withdrawal of the UK from the EU. After Brexit the United Kingdom will be considered as a third country and the...
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Moody’s raises outlook on Bulgaria’s Baa2 credit rating to positive
Moody’s credit ratings agency has affirmed Bulgaria’s credit rating at Baa2 and raised the outlook from stable to positive, citing Bulgaria’s stronger fiscal position and improved economic growth prospects. The Baa2 rating balanced the positive fiscal and macroeconomic trends and Bulgaria’s strong commitment to join the euro zone against the country’s constrained labour supply and skills...
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Lifestyle
More than Half a Million Bulgarians Are Going to Travel During Christmas and New Year Holidays

This is indicated by the statistics of the Institute for Analysis and Evaluation in Tourism.


More than half a million Bulgarians are expected to travel to celebrate the Christmas and New Year holidays. About 140,000 of them will welcome holidays outside Bulgaria, according to statistics from the Institute for Tourism Analyzes and Assessments.

The number of travelers traveling abroad is increasing every year, with neighboring countries such as Greece, Serbia and Macedonia preferred destinations.

There are also many Bulgarians who will welcome the holidays at longer distances such as Germany, Italy and Spain - countries with large Bulgarian diasporas.

By mid-October, most Bulgarians planned their holidays and made reservations. Statistics show that we usually bet on 4 and 5 star hotels. Package prices this year are about 11-12% higher.

"The organizers of these trips, whether it be head of family or business, have been making reservations since September. Around mid-October, everything worth it is already booked. Not only does it matter where you stay, but even the table at the restaurant. There is a difference between table 3 and table 23. That is why those who make the organization are in a hurry to take the best seats, ”commented Rumen Draganov of the Institute for Analysis and Evaluation in Tourism.


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Albania, North Macedonia and Serbia to Allow Passport-Free Travel by 2021

The leaders of Albania, North Macedonia and Serbia agreed to allow passport-free travel for their citizens by 2021 and a speedier cross-border flow of goods to boost regional economic development. This was announced earlier today by Reuters News Agency.

This move is not related to the ongoing EU membership negotiations.

“We aim to create conditions for people to use only national identification cards for crossing the borders (of the three countries) by end-2021,” Serbian President Aleksandar Vucic told a joint news conference with the prime ministers of Albania and North Macedonia.

The declaration is “meant for the benefit of the people who deserve A better future, higher living standards and a lower unemployment rate,” he added.


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Bulgarians Are Looking for a Cheap Hotel, while Foreigners Are Paying for Luxury

In August 2019, there were 3 391 accommodation units with more than 10 beds operating in the country - hotels, motels, campsites, chalets and other short-stay accommodations. The number of rooms in them is 141.7 thousand, and the beds - 325.4 thousand. Compared to August 2018, the total number of accommodation establishments operated during the period increased by 5.0% and the number of beds in them by 1.5%. This is shown by the data of the National Statistical Institute.

The total number of overnight stays in all accommodation establishments registered in August 2019 was just over 6.410 million, or 5.4% more than in the same month of the previous year, with the largest increase in overnight stays (6.5%) observed in 1 and 2 star accommodations.

In August 2019, 65.0% of the total number of nights spent by foreign citizens and 26.2% - of Bulgarians were spent in 4 and 5 star hotels. 25.9% of the nights spent by foreign nationals and 29.6% - by Bulgarians were spent in 3-star accommodation establishments, while in the other 1-star and 2-star accommodations they were respectively 9.1 and 44.2%.

The number of overnight stays in accommodation establishments in August 2019 increased by 11.4% compared to the same month of 2018 and reached 1.4683 million, with an increase of 11.6% in foreigners and 11.1% in the number of Bulgarian residents. The Bulgarian citizens who stayed in the accommodation establishments in August 2019 are 566.6 thousand and have spent 3.3 nights on average. Foreign nationals were 901.7 thousand and spent an average of 5.1 nights, with 65.5% of them staying in 4 and 5 star hotels.

The total occupancy of beds in accommodation establishments in August 2019 was 64.3%, an increase of 2.8 percentage points compared to August 2018. The highest occupancy rate is for beds in 4 and 5 star hotels - 78.1%, followed by 3 star accommodations - 65.7% and 1 and 2 star hotels - 42.2%.

In August 2019, the number of nights spent reached BGN 377.8 million, which is 8.6% more than in August 2018. Increase in the incomes of both Bulgarian citizens - by 18.7% and foreign nationals - by 6.2%


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Bulgaria and Jordan Will Deepen their Cooperation in Tourism

The Council of Ministers has approved a draft Memorandum of Understanding between Bulgaria and Jordan for tourism cooperation, said the government press office.

The document reflects the willingness of the countries to strengthen their friendly relations, contributing to economic development, growth of tourism potential and preservation of cultural heritage. The two countries will promote their mutual cooperation both in development of tourism types with the greatest potential for attracting tourists, and in the field of protection, preservation, restoration, promotion and management of cultural heritage.

Opportunities will be created for sharing experience and information on initiatives in the field of tourism and preservation of cultural heritage, as well as for promoting the importance and role of cultural heritage among adolescents.


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200 Tourists Waiting for BGN 350,000 Compensation from Astral Holidays Insurer

There are 200 affected people of the announced bankruptcy of Astral Holidays. These people should contact the tour operator’s insurer - Unica

The total amount which needs to be covered from the insurer is BGN 350 thousand, Minister of Tourism Nikolina Angelkova together with representatives of Astral Holidays and the insurance company Unica revealed at a briefing.

"Astral Holidays insurance is absolutely valid, all claims of the affected tourists will be paid by the insurer. The size of Astral Holidays insurance is BGN 700,000, " Angelkova said.


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One of the Largest Tour Operators in Bulgaria Declared Bankruptcy

Astral Holidays, one of the largest tour operators in Bulgaria, has announced that it is starting bankruptcy proceedings. This was reported by the agency on its official website.

The company is the Bulgarian partner of the failed British tourist operator Thomas Cook.

The Agency assures that it has taken all measures to protect its clients.

All Thomas Cook subsidiaries in three European countries - Germany, Austria and Poland - have declared bankruptcy.

“With great regret and disappointment, we would like to inform you that we have to cease operations and start bankruptcy proceedings of Astral Holidays International AD on October 7, 2019 after almost 24 years of presence on the tourist market and despite the incredible efforts of management and employees.

This decision was made after a great deal of discussion, effort and attempt to secure financing for the company. The reasons to get here are complex, but what we are left with are the memories, the incredible moments when you were happy and when we were the reason for your good mood and good rest. Over the years, we have always strived to achieve the highest quality of our services and to provide maximum comfort to our customers, as well as unforgettable experiences.

We assure you that the management of Astral Holidays International AD has taken all necessary measures and fulfilled all its obligations under the Law on Tourism to protect you, its customers. Astral Holidays International maintains a valid Tour Oprator's Liability Insurance so that where our extraordinary efforts are not enough, we can be supported by our partners Unica Insurance Company.

The trips of all clients who have purchased holidays from Astral Holidays International AD, which are currently abroad, are fully paid, so there is no danger of problems with flights or the refusal of accommodation in hotels or other tourist services.

Astral Holidays International will not be able to carry out future planned trips for some of its clients after 07.10.2019.” the company said in a statement.


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