EMCC European Monitoring Centre on Change

NGB Consulting

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NGB Consulting

Geographic Location

Country: Bulgaria
Region: Burgas; Yugoiztochen; Yuzhna Bulgaria
Location of affected unit(s): Golf playground, Kableshkovo village


Sector: Construction
41 - Construction of buildings

Employment Effects

Announcement Date: 31-10-2006
Type of Restructuring: Business expansion
Employment Effect Start: 03-04-2007
Planned Job Creation: 800

Additional Information

More than EUR 190 million will be invested in the first golf complex at the Bulgarian South Black sea cost in the coming seven years. The complex will be built by Kabland company, which was founded by the Municipality of Pomorie (holding 20 % of shares) and NGB Consulting Company (holding 80% of shares). The golf complex will have more than 190 ha and will consist of golf playground, 700 houses, one four–star hotel, tennis courts, swimming pools etc. According to the executive director of Bulgarian foreign investment agency Mr. Stoyan Stalev, the government supports the project and will prepare all necessary permission licenses as soon as possible. The investors' aim is to build a recreational complex, which should be opened for nine months a year. More than 3,000 people will be involved in different stages of the project and some 800 people are planned to be permanently employed when the golf complex is fully completed and operational.
Sources: 01-11-2006


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