A total of 15 companies and associations want to construct the subway from the Tzarigradsko shosse Blvd. to the airport. Candidates for the section long just over a kilometer from Tzarigradsko shosse to metro station 20 are Adval JSC, association Stanilov-Metroproekt and association Geometro-20. The second underground section is from station 20 to Lieutenant Nedelcho Bonchev Str. is with length 1.8 km. Applications for it were made by Stroyinject JSC, PORR Bau GmbH, Dogus Insaat Ve Ticaret JSC, association Metro Build 2012 and association Metro Druzhba. The third section is from Lieutenant Nedelcho Bonchev Str. to the Sofia Airport with surface and underground parts and length less than 2 km. Documents for it have been submitted by association Metro Costruzione 2012, association Glavbolgarstroy, Argogroup Exact Ltd., association Sofia Metro, association Sifer Metro, association Metro Monolit and Hydrostroy - Mostovik 2012.
Source: Standart (28.02.2012)

Glavbolgarstroy JSC - Sofia has appointed Annual general meeting on 18.05.2012. Meeting agenda includes: adoption of the Annual Report for Year 2011, changes within the management bodies.
Source: Registry Agency (17.04.2012)

The Southern Arc of the Ring Road to be opened for traffic on June 10 “The main route of the Southern Arc of the Sofia Ring Road will be opened for traffic on June 10,” said Minister of Regional Development and Public Works Lilyana Pavlova during an inspection of the construction site. She reminded that the deadline for the implementation of the project stipulated in the contract was August 29. The Bulgarian Glavbolgarstroy company is constructor of the route and the project's value is BGN 44 mln. The funds are granted under the Regional Development Operational Programme. The early commissioning of the site will facilitate the stronger traffic at the beginning of the summer season. The Central Roads and Bridges Laboratory will start doing additional tests in order to avoid any compromise with the quality. “I am fully committed that we will not permit poor quality at the expense of shorter deadlines,” said the Minister. New guardrails, complying with all European standards, are being installed on the trestle of the road junction. They are expected to ensure additional security for travelers. The permitted speed of traffic on highways is expected to be increased from 130 km/h to 140 km /h. Pavlova explained that the change will only apply to the new routes which meet all requirements. According to her, the existing restrictions will be in force for all other roads.
Source: Class (25.04.2012)

Glavbolgarstroy JSC sets the bases of the new Kosovo’s administrative center, which will be detached, into a region to the name of Nova Prishtina. Bulgarians started work on the project a year before, but it was yesterday that the site was officially presented. Glavbolgarstroy won the auction for construction in the competition of 21 companies. The project is assessed to USD 25 million, the biggest part of which is EU funding. The site is composed of five buildings with a total area of 42 450 square meters. Supreme Court, Regional court, Commercial court and Municipal court, courtrooms and Constitutional court are to be situated there. Buildings will be accommodated with solar panels. New courts will be connected with a boulevard, à ring road and a walkway to the capital Pristina, whose center is situated on a distance of 4 km. The complex will be finished in June 2013, as it is expected to open 850 jobs.
Source: Standart (28.05.2012)

Small big order Glavbolgarstroy will finish the construction of the biggest mall in Bulgaria-- Sofia South Ring Mall, the investment of Greek Fourlis Group and Danaos Development. Just like in the other huge private projects, the choice for executor was made after competition among ten companies-both local and foreign with experience in similar projects. The information for the deal was confirmed by the executive director of the Bulgarian company. The amount of the contract between the two companies for finishing works is to the amount of nearly BGN 100 million. The sum is twice as big as that for termination of the first stage. It was also done by Glavbolgarstroy. The Construction Company is due to finish the site entirely in a period of 13 months. In case of untimely conclusion of construction works the company has to cover penalties for delay set in the investor contracts with the tenants of the shop. The mall has to be opened before next Christmas.
Source: Capital (08.08.2012)

In order to attract tenants, malls introduced an entirely new concept, turning into a place for relaxation, entertainment and meetings with friends, rather than simple shopping centers. Their architecture changed as well, placing shops and establishments under a glass-cover creating the illusion for a walk in the foot of the Vitosha Mountain. The level of rents in Sofia is stable with a mere 4% of commercial areas still not rented out. The average rent in Sofia malls by mid-2012 stands at EUR 22 – 35/m2. The lowers price is specified by Raiffeisen Real Estate – EUR 22/m2. In its latest monthly review Raiffeisenbank Bulgaria claims there are sings for a recovery of domestic demand. Net current transfers reached EUR 1 billion for the first five months of 2012 marking a growth of EUR 310 million on an annual basis. The government forecast an economic growth of 1.4%, the European Bank for Reconstruction and Development – 1.2% and the Bulgarian National Bank (BNB) – 0.7%, the Stroitel weekly reports.
Source: Other (23.08.2012)

Glavbolgarstroy has it own section in Iran from several months on. Company’s experts get on place chances for work and participation in auctions for construction of buildings. The company concentrated its activity in the northern part of the country, which geographically is closer to Bulgaria. There are business opportunities for Glavbolgarstroy in the whole region, especially in Saudi Arabia and Qatar due to huge state investments in public infrastucture.
Source: Standart (29.10.2012)

Six companies want to revamp the Central railway station in Sofia Bulgaria's government is going to invest over BGN 1.5 million from EU Operational Program "Transport" to rehabilitate the Central Railway Station in the Bulgarian capital Sofia, Transport minister Ivaylo Mosvkoski announced. Moskovski attended Monday the opening of the bids submitted for the tender to revamp Sofia's train station which is notorious for lacking heating, and being squalid, not the least because of its megalomaniac design from the communist period. "The Central Railway Station in Sofia has not been revamped for more than 30 years," Moskovski said, as quoted by the press service of the Transport Ministry. He has praised his institution for succeeding in securing EU funding for its rehabilitation. "This project proves that when you have arguments even projects that had not originally been slated for funding can receive a green light. The firms applying in the tender to revamp the Sofia Train Station are – GBS-Central Railway Station Sofia, Civic Company Dous-SK-13, Terna AD, Central Railway Station 2012, Strabag Railway Station Sofia Consortium, Balkanstroy Reming Consortium. Once selected, the executer will have 26 months to rehabilitate the Central Railway Station in Sofia.
Source: Darik Radio (30.10.2012)

Salvaged city Land, surrounded by sea and rocks, low construction and Old Sozopol’s atmosphere talked investment fund Equest into starting the Sozopolis project several year ago. Now after a break, the complex has future again. Holiday complex is planned as a luxurious duplicate of the oldest Greek colony on the Bulgarian Black sea coast. From several months a new investor has been operating the projects-the entrepreneur Stefan Sharlopov. His strategy is simple- he wants to pay creditors back, to finish the complex and to restart the sale of properties. His ambition is to open Sozopolis on the 1 of July 2013. The end version of the project consists of 56 two-floor houses with a total of 164 homes, as well as 21 one-family houses with own gardens, restaurants, hotel part and commercial street with shops. Total floor area initially planned was 34 000 square meters. 80% of properties have a sea view. The new owner most probably acquired the very mother company-registered on the Virgin Islands Immofinance holding limited, instead of just purchasing the complex. Most probably the price of the deal was taking up company’s loans. So far EUR 53 million was invested in the project, including expenses for land, construction, landscape architecture. In addition to this the new owner is to invest EUR 5 million more in order to finish the complex. Construction of a SPA center is planned, as well, as the complex disposes with a spring with mineral water.
Source: Capital (02.11.2012)

Duel for BGN 120 million Two companies are fighting for one of the largest orders in both the state and the gas sector in recent years. It's worth BGN 120 million, with which Bulgartransgaz will modernize six compressor stations - four of transit and two of the national systems. The order is interesting not only for its huge size - it can be uplift for the coming construction of the South Stream – the winner company will easily prove experience in implementing large projects alike. There is another key feature - the procedure is shrouded in silence. Unlike large orders and other highway projects funded by EU programs, the information for the one of Bulgartransgaz is scarce. Journalists were allowed only to the original offer submition. From then on, there is no public disclosure that five of the seven candidates are eliminated or which persist, or when the bids are submitted, although it may not be required by law. A way of direct negotiation has been chosen, instead of competition with transparent prices and methodology, which adds flavor to suspicion. Although the initial documents were filed by seven candidates, only Glavbolgarstroy and consortium Advance - Vodstroj Engineering between Advance Engineering, related to Cyril Domuschiev, Vodstroj 98 and Enemona were allowed to participate.
Source: Capital (07.11.2012)