Garanti Koza

Bulgaria to Host ATP 250 Tournament in Sofia in February 2016

The Bulgarian capital Sofia will host its first ever tournament from the ATP World Tour 250 series in 2016.

The tournament will take place in the Arena Armeec hall between February 1 and 7, daily Dnevnik informs.

This was announced by Bulgarian Sports Minister Krasen Kralev and the chairperson of the Bulgarian Tennis Federation Stefan Tsvetkov on Tuesday.

Turkish developer to invest $260 mln in Sofia project

Turkish developer Garanti Koza will build a 240 million euros ($260 million) commercial and residential complex in Sofia, one of the biggest private-sector property projects in Bulgaria, the company said on July 21.

The Black Sea state needs foreign investment to spur growth and help reduce fiscal deficits that have put pressure on its lev currency peg to the euro.