Bulgaria may face gas crunch in 2010 Bulgaria could suffer a gas shortage in 2010 unless it agrees new volumes from Gazprom and reworks its supply contract, Energy Minister Petar Dimitrov told the energy conference Security, Liberalisation and Climate held by Capital weekly and Business and Ecology magazine. In 2006 Bulgaria negotiated... Housing market flooded by unfinished projects Many of the housing projects under development in Bulgaria will be halted or never completed in 2009, while others will stay in the pipeline, forecasts Atanas Garov, executive director of property consultants Colliers International. Buyers are opting for homes in an advanced construction stage in or... Banks give double less loans Nov 2008 Bulgarian banks have BGN 351.7 million of new corporate and household loans in November as the recent credit boom of 60% growth rates came to an end, showed data of the central bank. The average monthly loan volume shrank to BGN 1.2 billion in the past six months from BGN 1.1-1.4 billion in 2007 as ... Small urban blocks back into vogue amid crisis As the global financial crisis rips on, small residential buildings are coming back into fashion, construction prices are almost halving, home prices are coming down, and off-plan sales are dying out, investors said. Investors who have announced big-scale projects will never start to build, and majo... Non-banking lenders gain ground despite high cost Customers have started in the past two or three months to switch from banks to non-banking consumer lenders in spite of the higher prices, said executive directors of some of the key market players. One of the standouts is BNP Paribas Personal Finance, whose customer base has expanded since banks st...