Moscow City to invest USD 33mn in vacation complex in Bulgaria this year.

By bne IntelliNews January 26, 2010
The local government of the Russian capital city of Moscow intends to invest USD 33mn in the development of a recreational complex on the Bulgarian Black Sea coast this year. The city of Moscow owns the full-stake in the complex, named Kamchia. Last year, authorities in Moscow confirmed their interests to develop and use vacation and recreational facilities in Bulgaria .

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