Arco Vara AS extended the licence agreement in Bulgaria

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Arco Vara AS sells model licenses to actual property companies in Estonia, Latvia and Bulgaria. At the bilateral initiative of the events, the agreement was tentatively extended till December 31, 2028.

CEO of Arco Vara Miko Niinemäe’s remark: „Bulgarian actual property brokerage bureau has proven want to develop and has proved it with growing income numbers. Due to Arco Imoti’s plan to broaden on the Bulgarian market, we now have already signed a contract extension to encourage the work of the native workforce and guarantee Arco Vara’s help.“

The Estonian and Latvian agreements final till December 31, 2023 and are topic to overview subsequent yr.

Tiina Malm
CFO
Arco Vara AS
Tel: +372 614 4630
tiina.malm@arcovara.com



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