Банкеръ Weekly

Briefs

A NEW BMW DEALER IN BULGARIA

A new distributor of BMW undertook the sale of its vehicles in Bulgaria after they had been imported for ten years by Daru Car. On Wednesday (January 28) the German company's regional manager for Eastern Europe Carl Teofitzel presented his new partner in our country - the company Camor Group, which is listed on the Stock Exchange in Israel. Its field of activities include trade in real estates, forwarding and financial services, and its annual turnover is USD150MN-plus. For 20 years the company has been BMW's representative on the Israeli market. It has already bought a plot of land for constructing its head office, together with a car service and trade areas, the owner Daniel Brener specified. The building will be ready this summer and within two years similar representative buildings will be constructed in the towns of Varna, Plovdiv, Bourgas and Pleven. Iren Komitova is Manager of the company's Bulgarian branch, called Camor Auto. While 57 BMWs were sold on the domestic market in 2003, insiders expect double increase of sales (about 100-110 vehicles) this year.

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