An internationally avowed golf course could render as much as 10% rise to the GDP. "If we assume the optimistic stance and things run smoothly, in April 2009 we will play golf in Kuttina," Sanchez concluded. The Spanish Ferry Group said the official start of its Kuttina Golf Resort on November 8 at a news conference held only one day after the company received the building permit to initiate construction. The groundbreaking ceremony will hopefully take place in the middle of December, but the actual construction works will start in March or April of next year since winters in Bulgaria do not favour construction.
Company president Manuel Ferry Sanchez's two projects in the country, Kuttina Golf Resort and Green Energy (for biomass production), were awarded first-class investment certificates by the Bulgarian Investment Agency and have recently been accredited as sustainable development projects by both the Assembly of European Regions and the European Commission. They were the first developments in Bulgaria to receive such a high international survival.