Arco Invest EOOD, a 100% subsidiary of Arco Vara AS, has signed an agreement
with Piraeus Bank Bulgaria Plc for extending the loan related to the Madrid
Boulevard building in Sofia. The loan was extended until 30.12.2019 with two
principal repayments of 500 thousand euros each to be made on 30.01.2018 and
30.01.2019. The loan interest was decreased to 4.5%. The loan balance was 8.57
mln euros as of 31.12.2017.
Arco Vara AS
Tel: +372 614 4662