accommodation facilities available to the company is 1280 beds in 3 hotels - Admiral, fully renovated Sea Garden and eye metropolis. About Hotel Sea Garden provides eye overall change in pricing policy in relation to its renewal.

The total volume of hotel bed capacity, the company agreed last year was 1587 beds (1950 beds in 2007).

"The impact of financial crisis on travel, there are still too vague outline as different market segments respond differently. At this time entries in Germany Sweden and Norway show a slowdown compared to the same period last year, is still recorded in the accounts of the company.

"Doing business is a significant information gap not only due to general financial crisis, but also because of the drastic decline in sterling against the euro. Such are the figures for Sweden. Is expected for summer 2009 to move towards a later entries, including those in the last minute. In turn, this would reduce revenue by night as a last-minute entries are provided with larger discounts, it is clear from the reports of Golden Sands AD.

"On our main market - the CIS because of its specificity, no entries. The interest is there, but a clearer picture of the implementation of the product, we can expect no earlier than early April. Rely on maintaining and even expanding the share of the Middle East, which is characterized by relatively high pricing levels. Some contraction in demand is expected in the Bulgarian market, comment from the tourist company.

Realized nights of organized and unorganized tourists in funds for housing owned by Golden Sands Ltd for the period 28 April - October 28, 2008 were 171 974. In comparison with 2007 decreased by approximately 7 percent on this indicator. The number of tourists has been served with 13 per cent less than in 2007, but the average stay of guests in funds for housing - 7.6 days, 7.4 days in 2007.

Served tourists organized last year under contracts of Golden Sands is 16 AD 268, but realized turodni - 151 312. Over the previous year there has been a reduction in the number of tourists by 37 percent, the number of nights spent drop is 26%.

Among the major markets achieved growth Romanian (22%) and Middle East (47%). CIS market recorded a decline by around 6 per cent, while the number of overnight stays in Germany have collapsed by 47 per cent. The decline of the last markets to Golden Sands SA is due to the closure of the Hotel Golden Anchor and the removal from the catalog of Thomas Cook in Hotel Sea Garden and the eye Eye Sea Beach.

In 2008 the company has established cooperation with Golden AD residential building "Golden Anchor". The value of the investment is approximately 4,5 million € as proceeds from the sale of the apartments last year be 7,3 million. Sales of apartments were performed at an average price per square meters from 1400 euros excluding VAT.

Golden Sands last year reported a decline in sales of services on an unconsolidated basis with nearly 9 percent to 34.2 million financial result for the same period, however, was a profit worth 9.3 million for loss of 4,8 million . levs for 2007.

For the last year, shares of Golden Sands, SA lost 75 percent of its value.