About us

Company history

1993
The first company was established
The first company was registered under the name of Bulkar, with main activity trade with chemicals and cosmetics' and cleaning products' ingredients. Contracting partners were all former Soviet Republics.
  • 1 year of history
  • 10 employees
1995
business EXPANSION
The company undertakes a new business 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.
  • 3 years of history
  • 34 % market share
1996
FIRST HOTEL acquired
Bulkar acquired its first hotel in the town of Nessebar, a UNESCO World Heritage Site. In addition, a tour operator company was also established.
  • 4 years of history
  • 1 hotel
1997
further expansion
New business activity is added to the company's main fields of operation. Bulkar takes up export of wires, cables and forklifts to the former Soviet republics.
  • 5 years of history
  • 50 employees
1998
HOTEL EXPANSION
The company acquires a second hotel, Rodopi. It is the first privatized hotel in Bulgaria's largest summer resort in Bulgaria, Sunny Beach.
  • 6 years of history
  • 2 hotels
  • 1 st privatized hotel
2000
HOTEL PORTFoLIO GROWS
The company adds to its portfolio the first fully reconstructed 4-star hotel in Sunny Beach, Bulgaria. In addition, an exclusive partnership agreement with the German tour operator ITS was signed.
  • 8 years of history
  • 3 hotels
  • 100 employees
2002
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 agreement with the German tour operator ITS was signed for this property.
  • 10 years of history
  • 4 hotels
2003
TWO MORE HOTELS acquired
Hotel Plankton and Restaurant Ropotamo in Sunny Beach were acquired. After 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.
  • 11 years of history
  • 6 hotels
2004
disposal of hotel properties
Acquisition and subsequent sale of other four hotels located in the seaside resort of Sunny Beach to local and foreign investors.
  • 12 years of history
  • 4 hotel deals closed
2004-2008
joint investments with British investment fund
Further development of the real estate business line through partnership with a British asset management and investment fund. Acquisition and resale of real estate of total value over 50 million Euro.
  • 16 years
  • 50 million investment value
  • 300 employees
2010
reopening of grand hotel & spa primoretz
The emblematic hotel Primoretz in the heart of the Burgas sea garden on the Black sea coast, welcoming guests since 1959, was acquired. After complete reconstruction, it was reopened in 2010 as the one and only 5-star hotel in the city.
  • 18 years
  • 1959 Primoretz first opens
  • 5 star luxury
2011-2013
focus on real estate investments
The company continues to realize further investments in the of real estate development sector. Numerous residential and commercial buildings as well as holiday complexes around the country were completed and sold out.
  • 21 years of history
  • 300000 sq.m. of residential buildings
2014-2017
CONSTRUCTION activity expansion
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.
  • 25 years
  • 600 employees
  • 1000 km of constructed roads
  • 480,000
    guests accommodated
  • 834
    happy new home owners
  • 112,000,000
    total investment amount
  • 2,150
    hotel beds
  • 304,000
    sq.m. of projects accomplished
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Who we are

Everywhere around the world there is a specific business and social environment. We are local and we understand people, regulations, institutions and customers of the Balkans.

Behind every successful deal lies the success of the two trading parties that should meet again and continue to do business in the future. We believe that today's partners will be our friends tomorrow.

Investment environment

  • 10% flat corporate income tax

    Bulgaria has the most favourable tax regime in Europe. Corporate income tax rate is 10%, the lowest in the EU.

  • 1st place in Europe as preferred outsourcing destination

    According to A.T. Kearney’s 2014 report Bulgaria is the most preferred place for outsourcing in Europe and is the only European country that entered the top 10 destinations for outsourcing in the world.

  • 38th in the ease of doing business ranking

    Bulgaria ranks 38th out of 189 economies in the World Bank's Doing Business 2016 report.

Awards

Partners