http://lmlegalservices.com/blog Advice when you need it most Mon, 01 Dec 2008 08:43:43 +0000 http://backend.userland.com/rss092 en The notaries at the Black Sea reported that the number of deals have decreased  sharply in comparison with last year. In the last 2 wees there have been days without a single purchase. The purchases for investment have almost stopped. Only people who need cash urgently sell. In such cases ... http://lmlegalservices.com/blog/archives/298 It is expected that the average price of properties in Sofia will drop by half. Six months ago the middle class apartment used to sell for 1300 Euros per sq.m., while now it sells for 1000 Euros per sq.m., but there are only a few buyers on the market. This ... http://lmlegalservices.com/blog/archives/295 Bulgaria alongside Romania, will experience a shock because of the global slow down of the world economy according to analysts. There will be job cuts both in these countries, as well as in Spain, Italy and the U.K. where many Bulgarians and Romanians work to support their families back home. ... http://lmlegalservices.com/blog/archives/288 Bulgaria lost 220 million Euros with the decision of the European commission not to resume the accreditation of the two PHARE agencies in the country which has been taken in July of this year. The two agencies, one at the finance ministry, the other at the regional development ministry, have ... http://lmlegalservices.com/blog/archives/285 There won't be any skyscrapers in the near future in Sofia. The fear of bankruptcy put on hold all projects Manhattan style in the Bulgarian capital. Some of the projects for new shopping centres have also been stopped indefinitely. Many of the investors contemplate selling their plots of land rather than ... http://lmlegalservices.com/blog/archives/278 Рublished in the Financial Times By Kerin Hope and Theodor Troev in Sofia There are warning signals everywhere, yet the European Union’s poorest member insists it can weather the global financial crisis. Standard and Poor’s last month downgraded Bulgaria’s long-term debt to BBB. Fitch this month cut its rating to BBB- just one notch ... http://lmlegalservices.com/blog/archives/275 The total amount paid cash in hand by Bulgarian companies to their employees totals 4 billion levs (2 billion Euros) per annum according to Mediana social agency. More than 50% of the Bulgarian workforce confess that they receive part of their income unofficially, according to the Ministry of Social Affairs. ... http://lmlegalservices.com/blog/archives/268 Because of the lack of demand in the last year the prices of rural properties fell dramatically. Plots of land around Sofia have decreased in price by 50%. The trend at the Bulgarian Black Sea coast is exactly the same. In the last 12 months  mainly Bulgarians bought properties near ... http://lmlegalservices.com/blog/archives/262 Each week about 20 new repossessed properties are declared at Sofia Regional Court. All repossessed properties are listed in the Third Civil Department of the regional court.  Most of them are apartments, houses and bigger buildings, agricultural land and regulated plots. One-bedroom prefab apartment in Liulin gets a starting price of ... http://lmlegalservices.com/blog/archives/260 The average price of properties in Bulgaria in the first half of the year has been 1418 levs per sq.m. according to the National Statistics Institute. The most expensive properties have been in Sofia where on average they sold for 2470 levs per sq. m. Varna has been in the ... http://lmlegalservices.com/blog/archives/252