Arco Vara AS extended the licence agreement in Bulgaria
October 07 2022 - 2:51AM
Arco Vara AS extended the licence agreement in Bulgaria
Arco Vara AS sells brand licenses to real estate agencies in
Estonia, Latvia and Bulgaria. At the bilateral initiative of the
parties, the agreement was tentatively extended until December 31,
2028.
CEO of Arco Vara Miko Niinemäe's comment: „Bulgarian real estate
brokerage bureau has shown desire to grow and has proved it with
increasing revenue numbers. Due to Arco Imoti’s plan to expand on
the Bulgarian market, we have already signed a contract extension
to encourage the work of the local team and ensure Arco Vara’s
support.“
The Estonian and Latvian agreements last until December 31, 2023
and are subject to review next year.
Tiina Malm CFO Arco Vara AS Tel: +372 614 4630
tiina.malm@arcovara.com
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