Renters.pl buys majority stake in Bulgaria’s Flat Manager
Poland / Bulgaria: Warsaw-based short-term rental operator Renters.pl has bought a majority stake in Bulgarian peer Flat Manager.
FantasticStay receives €1.3m in investment
Bulgaria: Proptech company FantasticStay has announced that it has received €1.3 million in investment, in a round led by venture capital fund New Vision 3 [NV3], angel investor Velizar Velichkov and previous investors. With the funding round, FantasticStay, which claims to be an all-in-one PMS, channel manager and service provider, plans to expand its global operations and release […]
Bulgarian parliament to introduce patent tax for rental property owners
Bulgaria: Bulgaria’s National Assembly has passed a bill of amendments to the country’s Tax Code, including a provision that will require short-term rental property owners registered under the Tourism Act to pay an annual patent tax. MPs amended the Tourism Act earlier this month as part of the incoming 2020 Budget Act, to regulate online […]