Varna municipality has earmarked 17.5ha for a new container terminal. The land lot, located on the northern coast of Varna lake, will be handed over once the Government and the municipality sign a memorandum for the re-development of the entire area. It includes the re-location of Varna port to the western side of the lake, as well as the construction of a recreational zone on the current grounds of the port.
Total costs are estimated at 500 million euro and the terminal would be completed in 2014. Part of the costs will be covered by a loan from the Japan Bank for International Co-operation, which agreed to extend 226 million euro to finance the construction of container terminals in Varna and Bourgas.
Parliament has to ratify the loan by June 30, after which the Cabinet can launch the tende...(More...)

Mall Varna, the second mall in the Black Sea city of Varna, will open its doors to customers on June 12 with a four-day grand opening programme, the shopping centre said in a media statement on its website on May 21.
It will allow 100 people, picked through a lottery on its website, a sneak preview two days earlier.
The new mall will sport 100 stores, some belonging to brands that chose the location to open their first outlet in the country, according to the statement. It also has a Piccadilly supermarket, an Arena cinema with 1300 seats, 10 bowling lanes, a children entertainment centre and an indoor skating rink.
Mall Varna has a total built-up area of 70 000 sq m, including 33 000 sq m of shopping areas, and 760 parking places. It was built at the intersection of the Vladislav Varne...(More...)