Christian Petrov Appointed as the Head of Arco Vara’s Bulgarian Operations

Core Insights - Arco Vara AS has appointed Christian Petrov as the new head of its Bulgarian subsidiaries following the departure of Daniel Yordanov [1] - The new manager's primary responsibility is to ensure the smooth continuation of daily operations and support the strategic goal of gradually concluding activities in the Bulgarian market [2] - Christian Petrov brings extensive experience in real estate, particularly in financing and transforming commercial assets into residential developments [3] Company Strategy - Arco Vara AS aims to focus on its core market of real estate development projects in Estonia, while continuing to manage its Bulgarian operations until the exit process is complete [4] - The company will keep investors and the public informed about the progress of negotiations and material developments as they occur [4]