World Bank funding set to boost Bansko property

Press Release Newswire, 2006-07-07

     Thanks to a new four year finance package from the World Bank, Bansko has been singled out by the Bulgarian government to utilise investment upgrades which boost the economic prospects and benefit those looking to buy Bansko property.
     The policies aimed to support the overall growth strategy for Bulgaria and it’s estimated acceptance into the EU in 2007 recognises commitment by the Bulgarian government to objectives set by the EU, which continues to increase investor confidence in cheap Bansko property.
     The World Bank is lending up to 240 million per year to Bulgaria until the year 2009 which is symbolic of the economic progress and stability Bulgaria has achieved since its communist era.
     Infrastructure programs are in place including improved transport links between Sofia airport and Bansko, telecommunication networks as well as public finance initiatives to boost local tourist industries. This will improve economic productivity and the creation of jobs which will strengthen the venue candidacy for the Winter Olympics in 2014 and the property for sale in Bansko.
     As well providing increased stability, infrastructures and economic growth, the loan is also aimed at supporting policies for a more equitable economic balance across the country which will mean that all people from different levels of society will benefit from the emerging property investment market success that is Bulgaria as well as Bansko property.

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