The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41 - Construction of buildings
800 jobs Number of planned job creations
Announcement Date
31 October 2006
Employment effect (start)
3 April 2007
Foreseen end date
Description
More than EUR 190 million will be invested in the first golf complex at the Bulgarian South Black sea cost in the coming seven years. The complex will be built by Kabland company, which was founded by the Municipality of Pomorie (holding 20 % of shares) and NGB Consulting Company (holding 80% of shares). The golf complex will have more than 190 ha and will consist of golf playground, 700 houses, one four–star hotel, tennis courts, swimming pools etc. According to the executive director of Bulgarian foreign investment agency Mr. Stoyan Stalev, the government supports the project and will prepare all necessary permission licenses as soon as possible. The investors' aim is to build a recreational complex, which should be opened for nine months a year. More than 3,000 people will be involved in different stages of the project and some 800 people are planned to be permanently employed when the golf complex is fully completed and operational.
Eurofound (2006), NGB Consulting, Business expansion in Bulgaria, factsheet number 64392, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64392.
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