Market announcement
Arco Vara AS
LEI code
097900BHCB0000066171
Size of the entity
Small group
Economic activities
Professional, Scientific and Technical Activities
Country of registered office
Estonia
General information
Categories
Press release
Unique data record identifier
17882
Submission date and time
28.10.2025 09:00:00
Content of announcement in Estonian
Title
Arco Vara Bulgaaria üksuste juhtimise võtab üle Christian Petrov
Message
Seoses Arco Vara Bulgaaria endise juhi Daniel Yordanovi ettevõttest lahkumisega valis Arco Vara AS oma Bulgaaria üksuste uueks juhiks Christian Petrovi. Uue juhi põhiülesandeks on tagada Bulgaaria üksuste igapäevase tegevuse sujuv jätkumine ning toetada Arco Vara strateegilist eesmärki lõpetada järk-järgult ettevõtte tegevus Bulgaaria turul, sealhulgas müügiprotsessi läbiviimist ja varade realiseerimist. Samal ajal jätkub Bulgaaria arendustegevus plaanipäraselt - projektid liiguvad edasi vastavalt kehtivale ajakavale ning uue juhi ülesanne on tagada nende korrektne ja tulemuslik elluviimine kuni väljumisprotsessi lõpuni. Christian Petrov kuulub kõigi Arco Vara Bulgaaria tütarettevõtete juhatusse. Christian Petrov on kinnisvaraspetsialist, kellel on ulatuslik kogemus keerukate projektide struktureerimisel ja elluviimisel. Tema põhialaks on olemasolevate ärikinnisvara objektide finantseerimine ja nende muutmine kõrge lisandväärtusega elamuarendusteks. Varasemalt on ta töötanud avalikus sektoris, tegeledes linnatranspordi, energiatõhususe ja kohalike omavalitsustega seotud projektidega. Christian Petrov ei oma Arco Vara AS aktsiaid. Käesoleva aasta juulis teavitas Arco Vara AS oma soovist koondada fookus põhiturule ehk Eestis asuvatele arendusprojektidele. Ettevõte hoiab investoreid ja avalikkust kursis sellega seonduvate läbirääkimiste kulgemisega ning annab täiendavat teavet, kui tehingute või muude oluliste arengutega on jõutud järgmisse etappi. Darja Bolshakova Finantsjuht Arco Vara AS [email protected] (mailto:[email protected])
Content of announcement in English
Title
Christian Petrov Appointed as the Head of Arco Vara’s Bulgarian Operations
Message
Following the departure of Arco Vara Bulgaria's former Managing Director, Daniel Yordanov, Arco Vara AS has appointed Christian Petrov as the new head of its Bulgarian subsidiaries. The main responsibility of the new manager is to ensure the smooth continuation of the Bulgarian subsidiaries' daily operations and to support Arco Vara's strategic goal of gradually concluding its activities on the Bulgarian market, including overseeing the ongoing sales process and asset realization. At the same time, the development activities in Bulgaria continue as planned - the projects are progressing according to the established schedule, and the new manager's task is to ensure their proper and effective execution until the completion of the exit process. Christian Petrov will serve on the management boards of all Arco Vara's Bulgarian subsidiaries. Christian Petrov is a real estate professional with extensive experience in structuring and implementing complex projects. His expertise lies in financing and transforming existing commercial assets into high-value residential developments. Previously, he has worked in the public sector, dealing with urban transport, energy efficiency, and local authorities. Christian Petrov does not hold any shares in Arco Vara AS. In July this year, Arco Vara AS announced its intention to concentrate its focus on its core market - real estate development projects located in Estonia. The company will continue to keep investors and the public informed about the progress of related negotiations and will provide additional information once the transactions or other material developments reach the next stage. Darja Bolshakova CFO Arco Vara AS [email protected] (mailto:[email protected])