Just a brief note on the Bulgarian Golf situation.There are at least three really good courses here St Sofia in the capitol, and the Lighthouse and Blacksearama in Balchik/Topola.The courses in Pravets and Thracina Cliffs (Topola) will also be classy.
The problem is that there is hardly anybody playing themMaybe 300 people play golf in Bulgaria plus some tourists in the summer.This is far too few and it is about time the Emperor was told he had no clothes.These courses, some including indoor pools, spa's etc, are white elephants.They will take years, if ever, to make money.The thinking or lack of it, behind these golf projects betrays the boom town logic of so called Bulgarian entrepreneurs.This simply revoves around the idea that if we build something big and nice and shiny and Western then it will be an instant success and evryone will flock to it, especially the rich foreigners.
This is of course playground economics.Bulgaria will take maybe 60 years to even approach western levels of embourgeoisment and there simply isn't the internal market to be interested in the luxury end.For the foreigners, if they want to play in an upmarket golf course they go to Spain or dozens of other destinations that provid decent infrastructure and an all year round warm climate.
I now hear stories that all the golf courses here are in dire financial straits.It is only to be expected.
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