Registry Agency to wallow in luxury

The obscenely expensive new building of the Registry Agency was officially presented on Wednesday. Despite the many disputes about the purchase of the building at the beginning of the year, the agency already occupies its new rooms.
The property costs BGN 24.4 million (without VAT) and was bought by the justice ministry. The new building occupies an area of 6,600 sq. m. The separate services of the agency were previously located in different buildings in Sofia but now they have spacious and fashionable premises.
A big scandal burst about the high price paid for the property in December 2008, just when the crisis was starting to take its toll. Despite the falling prices, the purchase was made at EUR 1,900 per sq. m. The property has no parking lot and does not face a main boulevard.

The entry of companies in the public register has caused another scandal, because it is regulated by three contradicting laws. The Pari daily has also sounded the alarm about the fees for registration. Companies are obliged to pay BGN 50 for delivering their annual reports to the Registry Agency. Moreover, the entire files of companies become public and all ill-willed individuals have access to them.
The crisis was obviously no impediment to the previous government’s desire to waste taxpayers’ money. Nevertheless, the agency’s executive director, Daniela Miteva, proudly announced that that was the most modern state building in Bulgaria.


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