The first company was registered under the name BULCAR, with main activity: trade with chemicals and cosmetics' and cleaning products' ingredients. Contracting partners were all former Soviet Republics.
The company undertakes a new activity - trade with heavy vehicles tires imported from Russia. In two years, a market share of 34% of the territory of the country was achieved.
BULCAR acquired its first hotel in the town of Nessebar, a UNESCO World Heritage Site. In addition, a tour operator company was also established.
New activity is added to the company's main fields of operation. BULCAR takes up export of wires, cables and forklifts to the former Soviet republics.
The company acquires a second hotel - Rodopi. It is the first privatized hotel in Bulgaria's largest summer resort in Bulgaria - Sunny Beach.
HOTEL PORTFLIO GROWS
The company adds to its portfolio the first fully reconstructed 4-star hotel in Sunny Beach, Bulgaria. In addition, an exclusive partnership with the German tour operator ITS was signed.
FURTHER HOTEL EXPANSION
The company becomes the owner of another seaside hotel. Full reconstruction follows, with the rebranding of the former Ropotamo hotel to Hotel Tsvete. Exclusive partnership with the German tour operator ITS was signed for this property.
PLUS TWO MORE HOTELS
Hotel Plankton and Restaurant Ropotamo in Sunny Beach were acquired. After a complete renovation and refurbishment, they were reopened as Hotel Flora and Hotel Tsvete 2, respectively. Аn exclusive contract with the German tour operator ITS was signed for them.
Acquisition and subsequent sale of other four hotels, located in the seaside resort of Sunny Beach, to local and foreign investors.
Further development of the real estate sector through partnership with a British asset management and investmen fund. Acquisition and resale of real estate of total value over 50 million Euro.
reopening of the emlematic hotel primoretz
The emblematic hotel in the heart of the sea garden on the Black sea coast, welcoming guests since 1959, was acquired, fully reconstructed and reopened in 2010. Hotel Primoretz is the one and only 5-star hotel in the city of Burgas - one of Bulgaria's most developed economic hubs.
focus on real estate investments
Company continues to realize further investments in the development of real estate. Numerous residential and commercial buildings and holiday complexes around the country were completed and sold out.
The company participates in construction project developments with focus on road infrastructure, water supply and sewer systems, public buildings, etc., funded through European Union programs.