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French investors would like to build in Panichishte and Sapareva Banya

04.03.2013

Seven French companies, including a famous hotel brand, have shown their interest to invest in the mountainous resorts Panichishte and Sapareva Banya. French investors have submitted their proposals to Bulgaria’s Ministry shortly before the PM has resigned. Sapareva Banya municipality and the mayor have agreed upon the intentions of the French investors who would like to build small hotels. Therefore, it should be clarified who will fund those projects and whether French would like to pay for the terrains or whether extra financial help will be provided by the municipality.

The fulfillment of such a project will boost the employment rate in the region. The ski resort Panichishte and Sapareva Banya resort will also welcome more European travelers who appreciate the value of intact places with divine beauty and abundant natural resources. The most attractive landmark in Sapareva Banya is the hottest geyser on the Balkan Peninsula.

More about Sapareva Banya, you can read in our travel guide. Panichishte mountain resort is a real ski gem and you can explore it with our travel guide here. French investors would like to take advantage of the abundant natural resources in the mountainous region, the mineral springs in Sapareva Banya and the ski tracks in Panichishte.