Varna | Joint European Support for Sustainable Investment in City Areas

Varna is a city in Northeast Bulgaria, located on the Black-Sea coast and Varna Lake. It is the administrative center of the eponymous municipality and region. According to latest census data of the National Statistical Institute as of December 31, 2013 Varna has a population of 335,819, which makes it the third largest city in Bulgaria. Unemployment among the urban population is relatively low, 16.6%. Varna is successor to the Greek colony of Odessos and between December 20, 1949 and October 20, 1956 it was called Stalin. Early written evidence shows that Odessos (today’s Varna) was founded by immigrants from the Middle-Eastern city of Miletus in the second quarter of the 6th century BC. That was the period of the so-called Great Greek Colonization. The name of the city (Odessos means “a town upon water”) is not Greek: it comes from an earlier language layer, suggesting the possible existence of a more ancient settlement at the place.
Due to its history and dynamic present it is often called “the sea capital of Bulgaria”.
The city is home to five universities, five institutes and branches of the Bulgarian Academy of Sciences, many colleges and specialized vocational schools.
It is the center of one of the most popular world ballet festivals and one of the oldest classical music festivals in Bulgaria. Varna is renowned for its drama and puppet theaters, opera and philharmonic orchestra.
International tourism
There are five resort complexes functioning near Varna with more than 100,000 beds and more than 17 kilometers of beaches. The sea water has good recreational characteristics that meet the European standards. There are coastal forests, a network of protected areas and four marinas. The existing thermo-mineral resources and medicinal clay provide opportunities for the development of year-round balneological tourism.
Economy of Varna region
The region is third in the country in terms of foreign direct investment per capita. The economic profile of the Varna region comprises industry (40%), transport (25%), tourism (10%), trade (15%) and construction (10%). The main sectors characterizing the structure of the economy include port activities, shipping, ship repair, tourism, chemical industry, machine building, textile industry, food-and-beverage industry, furniture production, construction and agriculture.
The small and medium-sized enterprises in the region operate mainly in the area of services and their economic role is growing. Most of the registered companies are active: approximately 90% of a total of 14,600 enterprises.
Varna projects to the total amount of 51 million leva are expected to be financed by the government under the Growth and Sustainable Development of Regions program in 2014-15. The largest amount, 30 million leva, will be allocated to Varna’s new court of law and 15 million leva will be used for the design of an intermodal terminal at the Varna port. Nearly 4.5 million leva is earmarked for the reconstruction of the Palace of Culture and Sports and another 1.5 million leva for the construction of a pharmacy department at Medical University of Varna.

Projects

Sports facilities ,Investments in industrial areas ,Reconstruction repair and equipment of medical and health institutions ,Rehabilitation of buildings ,Urban infrastructure ,Reconstruction repair and equipment of educational institutions ,Culture and amusement ,Science and education

PROJECTS IN Varna

City Stadium
Under investigation

Sports facilities Varna

Certain are the role of sport for health. Team sports develop skills such as discipline, cooperation, and teamwork. The benefits of sport are many and therefore the project for new stadium in the Seaside Capital is of great importance for...
Dalkia – construction of a solar installation
Idea

Varna

Dalkia has a project for construction of a solar installation that would support the Heating Plant whereas part of the heat energy to be produced by solar energy. The installation will be built on the territory of Varna Heating Plant or...
Saksa – construction of a terminal for liquid fuels
Under negotiation

Investments in industrial areas Varna

SAKSA LTD is the biggest entirely Bulgarian company for fuel distribution. The company intends to build a new terminal for liquid fuels in the territory of Beloslav Lake in Varna....
Zarneni Hrani
Approved financing

Investments in industrial areas Varna

Zarneni Hrani is a company with main activity in the field of wholesale with grain. Following its development goals, the company intends to implement the project for construction of two warehouses in the industrial zone of Varna. Realization of the...
Maychin dom
Under negotiation

Reconstruction repair and equipment of medical and health institutions Varna

Medical Complex Maichin dom is established in Varna in 2003. Initially the hospital had been specialized in diagnosis and treatment of diseases in women, monitoring of pregnancy and maternity care. Over the years, due to the need of complex medical...
Project “Irmata” for refurbishment of a classic two-storey building
Canceled negotiations

Rehabilitation of buildings Varna

The project of Irmata Ltd. is for refurbishment of a classic two-storey building in downtown Varna. The building is classified as an architectural monument. The house was built in the late XIX century as a two-family residential building with commercial...
Expansion of an existing parking along the boulevard “Primorski”
Completed

Urban infrastructure Varna

The parking lot is situated in the lower part of the Sea Garden, next to the railway station and the docks of Varna, along the blvd. “Primorski” next to the intersection of “Preslav” str. with “Chernorizets Hrabur” str., it is...
Construction of an outdoor parking on “Knyaz Boris I”, Varna
Under implementation

Urban infrastructure Varna

The problem with car parking in the central part of the city is constantly open for different solutions. It is most serious during the tourist season, when hundreds of cars are being parked as close as a foot from the beach,...
Completion of the Gallery Mall
Canceled negotiations

Varna

“Gallery Varna” is the first project of GTC (Global trade Company) in Bulgaria. The building will be three underground and three floors with total area 100,000 square meters. There is also supposed to happen a construction of a multiplex cinema with...
Building a modern campus “Papaya” on the territory of the Technical University
Canceled negotiations

Varna

The aim of the project is to build the first private integrated student center in the city. The basic idea of the student dormitory “Papaya” is to provide affordable housing and socially responsible services within the campus. Customers should have...
Underground parking in the center
Canceled negotiations

Urban infrastructure Varna

Like in most of major cities also in Varna there are problems with car parking in downtown and near the foot from the beach. Particularly serious is the problem during the tourist season when cars are being parked as close...
Reconstruction and modernization of the market “Chataldza”
Canceled negotiations

Varna

Market “Chataldza” is the second largest municipal market in Varna. It will be fully reconstructed, the existing commercial area will be replaced with a modern retail space on two floors plus an underground parking, and a spacious café on the...
Reconstruction of the Palace of Culture and Sports
Canceled negotiations

Varna

The project aims at a complex repair and remediation of the Palace of Culture and Sports in Varna which is one of the symbols of the town. The Palace of Culture and Sports is designed by Stefan Kolchev and it is built...
Repair of the Technical University
Canceled negotiations

Reconstruction repair and equipment of educational institutions Varna

The Technical University in Varna is opened in 1962. Initially the University is established under the name Mechanical and Electrical Institute (MEI – Varna) with three faculties: Mechanical, Electrical and Shipbuilding. The first admission of students at the Technical University...
Logistics center for Econt in an old heating plant for military
Canceled negotiations

Varna

Photo: yachtchandlers.com Econt Express is a legalized mail operator and performs all kinds of mail services. The advantages of Econt are the established market place and the well-known trade mark, the large network of offices in the country and...
Bulyard: Restoration of buildings in the port warehouse
Canceled negotiations

Varna

“Bulyard Shipbuilding Industry” JSC is the largest shipbuilding company in Bulgaria. The company designs, constructs, manufactures and repairs ships up to 100,000 tons deadweight. For over 100-year history of the factory there were built over 850 ships for 27 countries....
Reconstruction of “Iunashki salon”
Under implementation

Varna

The project is for the reconstruction of “Iunashki salon”, Varna – sports facility, located near the Cathedral and the property of the National Sports Base Plc (NSB). The building with its unique wooden ornaments and columns was built in 1910...
Reconstruction of the Ottoman storage
Terminated project

Varna

The project provides restoration, reconstruction and readjustment of the Ottoman storage which is situated on “Omurtag” str. in Varna. The building is more than 200 years old. It was initially built as a prison during the Ottoman Empire and afterwards...
Varna Zoo
Canceled negotiations

Culture and amusement Varna

The zoo is one of the most attractive places in Varna in the summer for both tourists and residents of the city. The zoo was founded in 1961 and first inhabitant was the bear Maxim. Since 2003, the zoo acts...
Rehabilitation projects in the Naval Academy
Canceled negotiations

Varna

The project provides major rehabilitation of the Naval Academy “N. I. Vaptsarov” in Varna. This is the oldest technical university in Republic Bulgaria. It is successor of the Marine School for machinists and stokers established in 1881 in Varna. During...
Children’s ward at the hospital St. Marina
Under investigation

Varna

The project provides reconstruction of the kids’s pavilion so that three of the pediatric wards in hospital and the pediatric ICU can be relocated in more functional and adequate environment. This will improve the service in the pediatric segment and...
Dormitory at the Medical University
Under investigation

Varna

Expect more information!...
New cardio City Hospital Clinic
Under investigation

Varna

Reason for cancelling negotiations: unacceptable risk assessment Photo: novavarna.net Expect more information!...
Renovation of the Naval Club
Idea

Culture and amusement , Rehabilitation of buildings Varna

The building of the Naval Club is located on one of the main Varna’s boulevards nearby the Cathedral of the city. The building is one of the characteristic premises of Varna constructed more than 100 years ago in the Renaissance...
Home for the elderly
Idea

Varna

Photo: telegraph.co.uk Expect more information!...
Reconstruction and modernization of urban lighting
Idea

Varna

Photo: energy.korea.com Expect more information!...
Construction of a new gas transmission infrastructure in several cities
Idea

Varna

Photo: eib.org Expect more information!...
Construction of permanent circus hall Balkanski
Idea

Varna

Photo: chudesa.net Expect more information!...
Repair of the Festival and congress centre
Idea

Varna

Expect more information!...
Improving access and presentation of the Big Roman Baths
Canceled negotiations

Culture and amusement Varna

Roman thermae (bath) of Odessos are one of the most preserved architectural monuments from the Roman era (I-IV century) and the largest antique public building found so far in Bulgaria. They are one of the most valuable monuments in...
Rehabilitation and construction of a municipal rowing and sailing base
Idea

Varna

Expect more information! ...
Rehabilitation of petrol stations “Saksa”
Approved financing

Varna

The project is for the rehabilitation of petrol stations “Saksa” in Varna and Ruse. “Saksa” company develops a retail chain of petrol stations “Cruise”, including gas stations and an adjoining snack bar and a playground. Charging stations for electric cars...
“Panda” cooperative
Under implementation

Varna

“Panda” is the main distributor of Office One. The project is for the completion of the unfinished building for warehouse and offices of the company in “Vladislav Varnenchik”. ...
Construction of a new IMAX movie hall in Grand Mall Varna and renovation of two halls in Mall Varna
Under implementation

Varna

The second project approved to Arena Cinema for funding under the JESSICA program includes the construction of a new IMAX movie theater in Grand Mall Varna, as well as renovation of two movie theaters in Mall Varna. The new hall,...
New building for the private school “Dreamers”
Under investigation

Science and education Varna

Photo: telegraph.co.uk Dreamers – the children should be exactly “dreamers” – with open mind, knowledge, developed skills and big dreams. Such is the purpose of the Private kindergarten and Private elementary school “Dreamers” – to impart the necessary knowledge and...