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Property in Bulgaria is the fastest growing asset in our country. Last year the property prices in Bulgaria have gone up with more than 25 % in general. Some real estates have gone up with

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

50 % for one year, especially the ones in Sofia, in the Black Sea beach resorts (Sunny Beach) and in the ski resorts (Borovets, Bansko). The improved economic conditions, political and so

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ial stability in Bulgaria over the last 3 years brought to a real boom of the prices of property in Bulgaria. Other important factor for the rising property market is the huge tourism pote

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

tial in our country. There are great natural attractions - high mountains, beautiful and clean Black Sea coast, preserved rural areas, minimum urbanisation, thousands years of history, etc

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

. Nowadays Bulgaria is considered as the fastest growing tourism market in Europe. This is something that foreign buyers of property in Bulgaria appreciate the most. Together with the cons

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

antly rising prices, buying property in Bulgaria is one of the best investments that one can make these days.

Further Bulgaria was invited to become a NATO member targeted for 2004 and fu

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

l EU membership is scheduled for 2007. Now is the right time to invest in property in Bulgaria. Bulgaria is a politically stable country, and the introduction of a currency board in 1997

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

stabilised the country's economy. Reaching year of 2007, Bulgarian laws are improving and changing in accordance with the laws in the countries of the European Union. Bulgaria has one of t

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

e most liberal foreign investment laws in the region. Foreign investment typically assumes one of the following forms: establishing a joint venture with existing companies, state-owned or

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

rivate; acquiring a company through privatization; setting up a new (green field) venture; or making a portfolio investment.

Foreign investors can purchase property in Bulgaria directly o

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

through a local company. Only Bulgarian-resident individuals and entities can own land, while non-residents personally may acquire only buildings. Therefore if foreign citizens want to in

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

vest in property in Bulgaria, they must register a Bulgaria based company (something that we fully assist with). As soon as the company is registered any properties / property in Bulgaria

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

ay be purchased to the company name. The most common type of organization for foreign investors is a limited liability company. Other forms are companies limited by shares (joint stock com

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

anies), joint enterprises, business associations, general partnerships, limited partnerships, and sole proprietorships.

The law does not limit the extent or amount of foreign participatio

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

n in companies. Foreign individuals and companies can open unlimited number of accounts in any Bulgarian banks, in any hard currency or the local Bulgarian Levs. There is very serious talk

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

ng that soon the main law in Bulgaria, the Constitution will be changed very soon, so that all foreigners who wish to acquire property in Bulgaria will be able to do so personally, so regi

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

tering a local company will not be needed. However we strongly advise not to wait until the law is changed, as it is expected that this will give even a stronger push to the property price

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

s and they will suddenly go up.

We, BG Properties Ltd. are real estate agents serving mostly foreign buyers of property in Bulgaria. We have strong knowledge of the property market in Bul

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

aria. We offer full range of services to investors interested in property in Bulgaria. Our website is offering big choice of properties of any type. It aims to provide ads of property in

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ulgaria and useful information for buying or renting real estate in Bulgaria. Our wish is to present a comprehensive and easy to search database of thousands of ads of property in Bulgaria

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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