Industry News

RE/MAX lands in Bulgaria

New franchise marks 58th country for real estate network
Published on Oct 14, 2005

The RE/MAX International real estate franchise system has expanded its reach to Bulgaria, the company said today. RE/MAX Bulgaria has been purchased by George Petrov and Ilyan Nikolov, and becomes the 58th country for franchising of the global real estate network. Both are natives of Bulgaria and will serve as co-regional directors of the new operation. The two were partners, operating a construction business when they discovered RE/MAX. "In the last few years the real estate market in Bulgaria indicates phenomenal growth," said Petrov. "Major international and local agencies are emerging on the Bulgarian market, therefore we decided it is time for us to apply our abilities in this field. We are looking forward to becoming part of the big RE/MAX family." Located in Southeastern Europe, bordering the Black Sea, between Romania and Turkey, The Republic of Bulgaria gained complete independence on Sept. 22, 1908. With a population of nearly 7.5 million, it is a parliamentary democr...

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