BLACK SEA Property Fund

Very much still in, not at all concerned by the drop due to my timeframe on this... also like the look at where my money's being spent (and the discount achieved)..



Ski straight from the resort onto the Pamporovo pistes which are currently undergoing huge expansion by a number of other companies.


Three new pistes with total length of 5 kilometers and two modern four-men lifts will be constructed in Pamporovo at the start of next winter season, announced the management body of SIBANK. As a major creditor and shareholder in “Pamporovo” Plc, the bank has developed an investment project for the sum of 10 million Euro.

According to the plans of the constructors, the first lift will connect the center of Pamporovo to the bus station, while the second rope-way will replace the old 2-men chair lift from the bus station to “Studenec” hut. This will provide the resort with lift transport from the hotels to the ski pistes.

The new pistes and lifts will to be ready the end of this year according to SIBANK. These plans include also the construction of a 5-star hotel, close to hotel “Perelik”. “The ending winter season was very successful”, said Cvetelina Borislavova, Chairperson of the Council of Supervisors of the SIBANK. According to her, the number of tourists who visited Pamporovo this season exceeds considerably the number of skiers from the last ski season.