Established in 2003, the Rafael Group|Bulgaria is proud to service our clients in all aspects of our operations concentrated in Bulgaria. Since our commencement, we have achieved an outstanding track record; the tangible signs of progress that we are beginning to see are the result of focused and relentless effort on many fronts. They reflect important, long-term investments and the impact of a solid, long-term strategy.

Our timber manufacture and processing plant, located in Silistra, has achieved outstanding results and exceeded all expectations in production since it commenced operations in 2005. This has enabled the corporation to continue along a deliberate path of diversification into real estate agency and property development, and it is now ready to proceed to its new strategic direction - the leisure & entertainment business.

The Rafael Group now stands as a successful, fast-growing multifaceted corporation in Bulgaria. As part of our purposeful path of growth and diversification in the year 2007, we will optimize our current real estate and property development portfolio and begin breaking ground with Rafael Pearl, a world-class resort facility in the Black Seaside resort of Aheloy.

We are developing one of our most exciting feats yet with over 7,500 m2 of splendour. Rafael Pearl will be a flagship of luxury in Bulgaria and will provide its residents with a secure resort retreat within a fine array of 5-star amenities. To enable the realization of this project, the Rafael Group|Bulgaria has brought together a team of industry professionals. At its completed state, the resort will accommodate a secure world-class leisure facility. As a founder and Executive Director of the Rafael Group|Bulgaria, as well as Chairman of the Board of Directors, I am very proud of all we have achieved over recent years as we now enter a new stage of purposefully growing the business to create additional incomes and profits. This in turn has put us in the eminent position of being one of the catalysts of change in Bulgaria and the Black Sea region.

On behalf of the Board of Directors I would like to express our gratitude to all of our valued clients, because without whose trust and support we would not be able to achieve this growth. Last but not least, I would like to add that the solid progress and our future strength has come from our human resource capital, effective teamwork and serious commitment. I would, therefore, like to express my sincere appreciation to our exceptionally dedicated staff, who continues to work diligently for the benefit of the company and symbolizes the Rafael Group’s ‘Commitment to Excellence’.

We look forward to the future of Rafael Group with growing confidence and in conclusion, I invite you to learn more about our corporation and our people through the following corporate profile.

Yours Sincerely Vassos Andreou (Manes)

Chairman, Executive Director  

Rafael Group|Bulgaria