ARTICLES 
Skyscraper to Be Built on Bourgas Beach
Standart News, 9th December 2005


The construction works of the building will cost some 50 million euro

The first skyscraper in Bulgaria will be built on the Bourgas beach, Standart learnt.
The 150-meter high building will be built by Bourgas businessman Vaklin Stoinovski.
The project is already finished and the soil tests came out several days ago.
The tests show that the Northern beach of Bourgas, southeastern Bulgaria, is the most suitable for such a high building.
The skyscraper will be built on the place of the popular tavern Vodenitsata - The Mill, which is Stoinovski's property.
The businessman owns 85% from the future project, while the rest 15% are held by the Bulgarian-American Credit Bank.
Mr. Stoinovski did not deny the news about the forthcoming construction of the skyscraper but he explicitly refused to give any comments.
The construction works, which had been kept secret so far, are expected to be launched any moment. According to the financial units of account, the construction of the skyscraper will swallow over 50 million euro.
Part of the building will be used by a world famous hotel chain, while the rest part will be for public services.
One of the floors is intended for an exhibition hall, another for a museum. Swimming pools, gyms and places for SPA procedures have also been envisaged. Vaklin Stoinovski's goal is to make the skyscraper the symbol of Bourgas.

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