Minister of Economy Mr Lukarski bestows Priority Certificate to Mr. Katrieli for "Plana Heights" Project

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Less than € 100,000 will cost 150 sq.m house on a plot of half a decare in the new settlement "Plana Heights". This was announced by the investor Avinoam Katrieli, manager of "A.Z.K. Properties' office after receiving a certificate for investment class "A" Economy Minister Bozidar Lukarski.

"Plana Heights" aims for the construction of complex Plana between Sofia and Samokov near the village of Alino. The investment amounts to 53 650 million. BGN and provides 100 new jobs.

The investor Avinoam Katrieli explained that the project will be implemented in three phases, the first envisages the construction of a village of 150 houses with related infrastructure from the shopping center, sports and medical center.
The planned construction total area is 25 000 sq.m on an area of 621.338 hectares.

Minister Bozhidar Lukarski said investor "A.Z.K. Properties" has requested to use the following incentives under the Investment Promotion - shorter waiting time for administrative services, individual administrative services and financial support for construction of elements of technical infrastructure, construction of new and rehabilitation of the approach roads.

An interdepartmental working group will be established to provide institutional support for the implementation of priority investment project.

"This is a serious investment planned for a long time by the Jewish investor. I wish you success in the implementation, "said Minister Lukarski in awarding the certificate.

Katrieli said the project for him is a dream for which he works for 10 years. "The project will have three phases. The idea is to build a new modern village from all perspectives. This is a green project related to the place where it is created - Plana Mountain. It targets from one part Bulgarian citizens who have the opportunity to buy a house at a very reasonable price, "said Katrieli.

He explained that the second part of the project aims to attract foreigners to buy vacation homes. The company already has clients from Israel, Australia, Germany, England and others. According to him, the attraction of tourists means new jobs, more tax revenue for the state itself. Katrieli thanked the CEO of the Bulgarian Investment Agency Stamen Yanev, Minister Bozidar Lukarski and Prime Minister Boyko Borisov.

"I hope that this is just one step that will attract many more investors," said Katrieli.

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