About us

Company history

1993
Establishment
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.
1995
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.
1996
FIRST HOTEL
BULKAR acquired its first hotel in the town of Nessebar, a UNESCO World Heritage Site. In addition, a tour operator company was also established.
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.
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.
2000
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.
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 with the German tour operator ITS was signed for this property.
2003
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.
2004
HOTEL BUY&SELL
Acquisition and subsequent sale of other four hotels, located in the seaside resort of Sunny Beach, to local and foreign investors.
2004-2008
UK INVESTMENTS
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.
2010
reopening of the emlematic hotel primoretz
An 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.
2011-2013
focus on real estate investments
The 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.
2014-2017
CONSTRUCTION
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.
  • 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 Test

  • 1 place in Europe as preferred outsourcing destination

  • 38 in the ease of doing buisness ranking

Awards

Partners