Big Investments in Bulgarian Golf Courses
Big Investments in Bulgarian Golf Courses
Golf is now considered a big proprity in Bulgaria with around 700 Million Levs currently being invested in various Golf projects around the country.
Over 30 golf course are either in the process of being built or planned within the coming months and years.
Check out the full article here:
Bulgaria investment authority bets big on golf
Dnevnik Daily, 23rd October 2006
The combined tab of the golf projects in various stages of development across Bulgaria is around 700 mln levs, said the InvestBulgaria Agency, the local investment promotion authority.
Golf tourism is now considered a priority for InvestBulgaria which has put together a task force to review local legislation and come up with changes to bolster golf investment.
InvestBulgaria is expected over the next two weeks to hand a First Class Investor certificate to the Cabland Golf Complex near Pomorie, on the Black Sea. The 370 mln lev project is the third local golf development to earn a First Class certificate after the golf course project of Spain’s Ferry Group and Golf Club Ibar.
Ferry Group plans to invest 260 mln levs in the construction of a golf complex near the village of Katina, in the Novi Iskar region.
Golf Club Ibar, located in the town of Dolna Banya, in the Kostenets municipality, will absorb 75 mln levs.
Currently local golfers have a choice between 3 completed courses. Another 30 are on the drawing board. They form 3 clusters: along the Black Sea coast with sites in Kavarna, Pomorie, Primorsko and Balchik; in the local ski resorts like Bansko and Razlog; and near the capital Sofia.
From a personal point for view, having an apartment only minute away from a major golf course, it is good to see such positive developments and plans in the offing for Bansko and Bulgaria as a whole.
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Are you interested in Playing Golf in Bulgaria? Check out my own apartment in Redenka Lodge near Bansko:
Redenka Lodge Apartment
November 5th, 2006 at 3:04 pm
[...] Big Investments in Bulgarian Golf Courses [...]
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