Yearly Archives: 2014

Sofia: in search of the best office building

Mina Boycheva 16/05/2014

The steady growth of the outsourcing sector in Sofia city led to serious situation on front of the office market investors. The companies from the outsourcing sphere are showing serious interest towards the highest class office buildings, namely business centers AA with all the facilities and extras they come with. The international companies that have picked Sofia as the destination to outsource their business have special requirements towards the office premises they intend to rent. It seems that Sofia city has many available offices, however only four or five of the business centers answer to the high requirements of the office buildings of class AA. Currently, there are two or three projects for office buildings of the same quality and high standard. The main set of offices for rent in Sofia that are available are with size ranging from 250 sq.m to 1000 sq.m, while the large companies from the outsourcing business looking to relocate their business practices in Sofia are looking for office premises with size of 1200 sq.m and larger.

The steady growth of the outsourcing sector in Sofia city led to serious situation on front of the office market investors. The companies from the outsourcing sphere are showing serious interest towards the highest class office buildings, namely business centers AA with all the facilities and extras they come with.

The companies that are outsourcing their business to Sofia city are looking for large office premises in Sofia office centers of class AA, or two or more offices set on one floor. Many of these companies are also planning to expand the number of their employees in the future, thus most probably they will need even larger offices in Sofia to rent. Among the other requirements are the good location and the easy access to the local public transport system, large parking area, good air conditioning and ventilation system, wireless internet, etc.

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The extension of the Schengen area

Mina Boycheva 16/05/2014

The Schengen area was developed by five original member countries with an agreement signed in June 1985. After the passport-free area was arranged was signed an extra convention five years later, according to which the internal borders of the member states were abolished and one single external border was formed. From then on the immigration checks for the Schengen area were carried out according to the identical procedures. Bulgaria aims to become a member of the Schengen area and is technically prepared for that. When this happen and Bulgaria becomes a member state of the Schengen agreement, the country will have to follow common rules in regards to the visas, the external borders, the right of asylum, etc. which regulation are adopted in order to allow the free movement of people within the territory of the member states.

The Schengen area was developed by five original member countries with an agreement signed in June 1985. After the passport-free area was arranged was signed an extra convention five years later, according to which the internal borders of the member states were abolished and one single external border was formed.

The freedom of movement in the Schengen zone comes with certain compensatory measures, which come to reconcile security and freedom. These measures include improved cooperation, better coordination between the judicial authorities and the police, measures for safeguarding of the internal security and special measures for fighting the organized crime. With all that in mind, the Schengen area soon set up the so called SIS or the Schengen Information System. This is a special database that is used by the authorities of all member countries of the Schengen agreement. Thanks to that sophisticated system, the authorities of the member countries of Schengen are able to exchange information on people and goods.

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The new Sofia office tenants

Mina Boycheva 09/05/2014

Sofia city has new types of companies that rent the available office premises in the modern business buildings. More than half of the office buildings in Sofia are rented by outsourcing companies, which choose only high class AA office buildings. The outsourcing industry in Sofia grows significantly with the impressive 20-25 % per year and the companies in that sphere of the business seem to be the ones that are most active on the Sofia office market. The business of the outsourcing industry is associated with investments in call centers and service centers and these companies often need significant space to do their business.

Sofia city has new types of companies that rent the available office premises in the modern business buildings. More than half of the office buildings in Sofia are rented by outsourcing companies, which choose only high class AA office buildings.

That is why in year 2013, more than half of the office rental contracts were signed with companies working in the outsourcing sphere. This is good news for the real estate agents, however the outsourcing companies looking for offices to rent could be quite precise and demanding clients. Unfortunately, Sofia city has not so many office buildings of such a high class. It seems that the office market has to go in one direction – projects and construction of office buildings of the highest class AA. These business centers with offices have to enjoy central location or location in the organized business areas of Sofia. They should also have good transport connections and large parking areas.

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The cooperation in the Schengen area

Mina Boycheva 09/05/2014

The Schengen area is a territory which allows free entry and movement of people, who are residents of the member states included in the agreement. Several attempts have been made by Bulgaria in order to enter the passport free Schengen zone. Technically, the country is prepared for that important step, however there are certain issues that the country has to overcome in order to become a member of Schengen. The countries that are included in the Schengen Agreement had abolished their internal borders and have one single external border. In this passport free zone people can travel without the need of visas for the short stays.

The Schengen area is a territory which allows free entry and movement of people, who are residents of the member states included in the agreement. Several attempts have been made by Bulgaria in order to enter the passport free Schengen zone. Technically, the country is prepared for that important step, however there are certain issues that the country has to overcome in order to become a member of Schengen.

In order to guarantee the security in the Schengen zone, the countries do cooperate. What does this include? The police departments in the member countries of the Schengen agreement cooperate and coordinate their efforts, and the same do the judicial authorities. This cooperation in Schengen has been legally incorporated in the European Union with the Amsterdam Treaty from 1997. Yet, not all countries that are cooperating in Schengen are part of the Schengen area. Bulgaria is also one of these countries, yet there are indications that at some point Bulgaria will enter the Schengen zone one it covers all the conditions for the application of the Schengen acquis.

Since 1985 several countries formed a territory without any internal borders and this became known as the Schengen area. The member states of the Schengen area are Germany and France, Luxembourg and Belgium, as well as the Netherlands.

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The office premises attractive for the investors

Mina Boycheva 25/04/2014

Many investors are now showing interest in the Sofia office premises of highest quality. It is a fact that in 2013 and in the first three months of 2014, the Sofia offices of class A reached very stable rental levels. The real estate agents believe that this tendency will go on and they are positive that the choice of good quality offices will remain very good. The offices in Sofia that provoke the interest have several main characteristics – they have great location and a wonderful choice of amenities. The good location is a self-explanatory factor, as it means that the employees and the partners and clients of the company will have fast and easy access to the office by walking or by using the public transport. The choice of amenities include all those little things that every employee needs – excellent internet connection, wonderful maintenance, parking area and a great choice of dining places nearby.

Many investors are now showing interest in the Sofia office premises of highest quality. It is a fact that in 2013 and in the first three months of 2014, the Sofia offices of class A reached very stable rental levels.

The managers of the big companies that plan to relocate to Sofia and are looking for a modern office premise insist on the professional property management and maintenance. The good office management companies have the necessary knowledge and know-how to maintain such large office buildings in Sofia and they have experience.

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EU challenged to accept Bulgaria into the Schengen area

Mina Boycheva 25/04/2014

The Romanian Liberal MEP Norica Nicolai recently said that the exclusion of Romania and Bulgaria from the Schengen area may result in a thread to the European Security after the Ukrainian crises that the world faced. According to the Romanian politician, the European Union is now challenged to admit Romania and Bulgaria to the Schengen Area. Otherwise it will risk to allow “gaps to appear in the defenses of Europe.” The Liberal said that now it is time for Europe to show unity, rather than to send signals of division between West and East European countries.

According to the Liberal Norica Nicolai, if the Schengen area is not unified and integrated with Romania and Bulgaria becoming part of the Schengen agreement, this will result in gaps that will appear in the defenses of Europe.

According to the Liberal Norica Nicolai, if the Schengen area is not unified and integrated with Romania and Bulgaria becoming part of the Schengen agreement, this will result in gaps that will appear in the defenses of Europe. Romania and Bulgaria got a formal approval by the European Parliament to enter the Schengen zone back in 2011. Since then, the two countries have been vetoed by the governments of Finland and Netherlands, Germany and France. These vetos were based on different judicial concerns. As the Romanian Liberal pointed out Romania and Bulgaria have been implementing best border control technologies and standards for years and thus they should not be victims of internal political struggles.

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Sofia offices rental levels to go up

Mina Boycheva 17/04/2014

The real estate agents confirm that the situation on the Sofia office market is stable and expect the rental levels of the prime office space in Bulgaria to increase in 2014. There is a serious interest in the office buildings in Sofia city in the recent months and this tendency is expected to increase the rental prices. The experts say that the good offices in the best business centers in Sofia will soon be rented for more than 10 Euros per square meter and these prices will remain stable. Currently, the rental levels of Sofia offices are around 7 – 9 Euros / sq.m and the interest towards the offices is very serious. There are many international companies that want to outsource their business to Sofia and many local companies that are in search of larger offices as they expand their business.

According to a research, the number of the completed office premises in Europe, the Middle East and Africa has increased significantly in 2013. This is due to the increased construction of office buildings at these markets. The experts predict that this tendency will continue and the office premises in places like Sofia and other capitals on the European capital will go up with 17 %. A great deal of the new office premises in Sofia and in the rest of the countries have already been rented, even before being completed.

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Romania and Bulgaria: accession to Schengen a hot issue

Mina Boycheva 17/04/2014

The French Ambassador in Romania gave an interview for a local Romanian newspaper, where he admitted that the accession of Romania into the Schengen zone has become a difficult topic for all member states of the Schengen agreement. Mr. Philippe Gyusten in his role as a French Ambassador said that a technical subject as the Schengen basically is has turned into a political one. According to the Ambassador of France, the Schengen accession of Bulgaria and Romania can advance this year as it will not have a political context or an election context.

The French Ambassador in Romania gave an interview for a local Romanian newspaper, where he admitted that the accession of Romania into the Schengen zone has become a difficult topic for all member states of the Schengen agreement.

There are several stages during which Romania and Bulgaria can become members of the Schengen travel free zone. In fact Romania and Bulgaria have hoped to become members of the Schengen agreement since March 2011. At that time the two countries received several negative reports concerning the Cooperation and Verification and their efforts to enter the visa free zone of Schengen were postponed. Several countries, including France and Germany, as well as the Netherlands think that the two new member states will not be in position to keep their external borders save.

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Sofia offices or what the working people like, part 2

Mina Boycheva 11/04/2014

Many local companies and a great deal of new international companies are looking for a new office in Sofia. Besides the location and the good maintenance, which the companies rank as most important when choosing an office, the managers are also interested in several other things. Many of the companies are looking for spacious open-plan offices with a height of the premises of 2.80 m, windows that could be open, cabling for internet and satellite television CAT 6, UPS, as well as energy efficiency façade, etc. All these elements of the Sofia offices are not taken individually, but as an entire package. When looking to relocate to a new office in Sofia, the companies are mainly in search of vast open premises with no partition walls. The company can use the office area in this way or can later add patrician walls. There are also companies that insist on Sofia offices with separate cabinets such as pharmacy companies, banks, lawyer offices. When the office is of the open space, the companies insist on 8 to 10 m distance between the columns.

Many local companies and a great deal of new international companies are looking for a new office in Sofia. Besides the location and the good maintenance, which the companies rank as most important when choosing an office, the managers are also interested in several other things.

Another thing that the companies in Sofia are looking for in their offices is presence of a parking area. Companies find that quite important both for the convenience of their employees and for their business partners. The companies are looking for location near the big boulevards and in the Business Park Sofia, which are well connected to the center of the capital. In general, today the companies know what they are looking for when searching for a new office in Sofia. They have certain requirements and are looking for a number of important characteristics in the new Sofia office they plan to relocate their business at. Among all the enumerated characteristics, we should also mention the rental price or the sales price of the offices, which is also a factor for the business companies.

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Schengen visa regulations: what will change

Mina Boycheva 11/04/2014

In the beginning of April it became clear that the European Committee plans new regulations for people outside the European Union who wish to visit the visa free Schengen zone for short trips, business meetings and holidays. The European Committee in the face of the Euro Commissioner for Home Affairs Cecilia Malmström hopes that these new measures and smarter visa policy concerning the Schengen visas for short stays will attract more tourists, students, artists and business people to Europe.

The offer of the European Committee for alleviation of the Schengen visa requirements include several measures. The first one is for a shorter period for the processing and decision making for granting a visa from 15 days to a period of 10 days. The second one is to give an opportunity for submission of Schengen visa applications in countries of the European Union that are in case the Commonwealth is responsible for examining the application or if there is no representation in the country of application. There are plans for various reductions for the regular passengers, as well as a visa for multiple entries that will be valid for three years.

In the beginning of April it became clear that the European Committee plans new regulations for people outside the European Union who wish to visit the visa free Schengen zone for short trips, business meetings and holidays.

The rest of the Schengen visa alleviations requirements include a simple application form, a chance for online application, a chance for special schemes for Schengen visa granting at the very border for stays up to 15 days in the travel free zone of Schengen. The European Union will also get the opportunity to issue Schengen visas if the visitor comes for an important event. The authorities are even thinking of a new visa type that will allow the travelers to move into the travel free Schengen zone for a period of up to one year, in case they do not leave the member state they are staying at for a period longer of 90 days. All these changes need to be improved by the European Parliament and the EU Council, however this is expected to happen no earlier than in 2015. In case these changes enter into force, they will apply to all countries in the European Union, the Schengen area and the associated countries of Switzerland and Liechtenstein, Norway and Iceland.

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