Commercial Credit Report for Holding Varna AD

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	Holding Varna AD
k.k. Sv.sv. Konstantin i Elena
Administrativna sgrada
Phone: +359 52663765p:+359 52663765	VARNA, 9006 Bulgaria	Ticker: HVARHVAR

Business Summary

Holding Varna AD, is a Bulgaria-based holding company engaged in the acquisition, appraisal and managing of shares, bonds as well as the cession of licenses for patents. It specializes in the restructuring and management of its subsidiaries, the establishment of new subsidiaries, as well as the investment in and financing of other enterprises, in which it is a shareholder. The Holding has shares in Bulgarian companies active in different business sectors: tourism, textiles and apparel, finance and asset management, industrial engineering, household appliances and equipment and real estate. It holds stakes in such companies as TPO EOOD, Real Finance Asset Management AD, Kamchiya AD, Elektroterm AD, Ravda Tour EOOD, Golf Plus EOOD and others. As of December 31, 2011, the Company’s major shareholder was Andezit OOD with a stake of 48.93%.

(Source: F-4)

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
Yes	Yes	-	-	-	-	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
6/30/2024	12/31/2023	Yes	-	-	-	-

Industries

SIC Code	Description
6799	Investors, not elsewhere classified

Officers and Directors

Title	Name	Age	Title Date	Start Date
Chairman of the Management Board, Co-Chief Executive Officer	Ivelina K.Kancheva-Shaban		1/1/2011	4/21/2009
Member of the Management Board, Co-Chief Executive Officer	Milcho P.Bliznakov	58	1/1/1998	1/1/1998
Chief Accountant	Nedyalka A.Kancheva		1/1/2011	1/1/2011
4 additional Officers and Directors records available in full report.

Business Names

Business Name
5V2
Astera Bansko Hotel
Atlas Hotel
5 additional Business Names available in full report.

General Information

Number of Employees:	961	(As of 12/31/2023)
Outstanding Shares:	6,485,897	(As of 6/30/2024)
Stock Exchange:	BUL
Fax Number:	+359 52663767

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