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Welsh Businessman Builds Resorts in Bulgaria

Date: 01.09.2006

Nigel Hole plans to settle in Bulgaria with his family

Nigel Hole, typically British, is punctual for our appointment. He is spontaneous and friendly. He talks about himself, his family, his business. He is from Wales and has been promoting Bulgaria for three years.

The businessman arrived in Bulgaria for the first time three years ago. He fancied the country and the people and only a year later he had established Britannia company in Bulgaria. The company's main activity is trade in real estates. Nigel invests mostly in Bulgaria's fastest developing resort - Bansko and the the Black Sea coast. Britannia has invested about 60 million euro in the construction of residential complexes in Bulgaria. A building in Bansko is ready, another is under construction and other five will be commenced next spring.

Nigel confesses he encountered great difficulties at first when starting his business in Bulgaria. He, though, does not complain. The problems are in the different judicial systems and the procedures in Bulgaria and Wales. "We, in Wales, do not have this notary system. The land purchase procedure is different. I simply had to get used to the way you are doing things," he says.

"I feel at home in Bulgaria. The Welsh are proud people like you, we are proud of our past, of the fact that we are unique. Both the Welsh and the Bulgarian care about the family and friends, love meeting people, have fun, singing," the businessman says. Nigel also adds it is possible that he and his family settle in Bulgaria in 10 or 20 years. "Bulgaria is definitely a country I would like to live in with my family, though I will miss my hometown of Swansea," Nigel says.

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