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December 2012, 07/12/2012

Dear Valued Readers,

A year has passed since the last edition of our newsletter - a year of contradictions in the EU and expectations for better times to fuel the optimism of the people. Bulgaria also continues to suffer the long lasting stagnation in the economy but we again hope for improvement in 2013.


EU Citizens Can Own Land for Residential Purposes in Bulgaria in Their Name

The regime of ownership of land plots for residential purposes was changed in Bulgaria in the beginning of 2012. Now, after some ambiguity in the first months of the year, citizens and companies of all EU and EEA countries are allowed to own residential land in their name without the need to register a Bulgarian company. The change happened after the expiration of the 5-year moratorium which was allowed by the Treaty of Accession of Bulgaria to the EU.

The change of the legislation applies to plots of land which fall into the settlement borders - towns, villages and hamlets - and which are often referred to as regulated plots of land. The regime for ownership of land with different status such as agricultural plots and forests is not changed and foreign individuals and companies will not have the right to possess such plots until the end of 2013.

For all other foreign persons, who are not citizens of EU or EEA countries, the overall restrictions to buy land in Bulgaria is still valid, which means that they need to register companies.

As this is a new regulation of the market, there are some differences in the procedures in the various regions of the country.

If you own property in Bulgaria through a company and would like to understand the particulars, please contact us to discuss your situation and advise you about your options.


Small Group Homes for Children Leaving Institutional Care in Stara Zagora

It has been exactly 5 years since 7/12/2007 when we published our first article about the small group homes in the city of Stara Zagora, which had been developed by ARK Bulgaria foundation with the help of Stara Planina Properties Sofia office.

Read more about the project of ARK Bulgaria Small Group Homes for Children Leaving Institutional Care and contribution of our clients for the kids in the homes in Stara Zagora in 2007.

The foundation supported the local government in this project for the first two years and recently Stara Zagora municipality is running the homes and providing for the needs of the children. Some of the first occupants already have new families and others still live there. They all have grown and developed much since they moved from the old state institution "Nadejda".

Now a total of 38 children at the age of 6 to 12 years live in the five small group homes in Stara Zagora (there is one child aged 3). They need clothes, shoes, toys, early learning centre games and elementary English books, drawing materials and computers (even old ones).

If any of you, our readers, is interested to help by donating any of the above, you can contact our Sofia office at sofia@stara-planina.com or the Small Group Homes Support Centre at mgd_starazagora@abv.bg. You can also send any contribution to Small Group Homes Support Centre: 8 General Stoletov, Street Stara Zagora 6000

We sincerely thank anyone who would like to help.

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