This week Arco Vara AS opens two new offices in Romanian cities Timisoaras and Aradis. In July another Bulgarian office is opened at the coast of Black Sea, in Varna. In June last year Arco Vara opened office in Bulgaria in Sofia and in January this year in Bucharest in Romania. Romanian offices are operated by Arco Real Estate Consulting S.R.L., a joint venture of Arco Vara group and IPC Real Estate. Bulgarian offices belong 100% to Arco Vara group. In 2007 Arco Vara has opened 5 new offices. In total the group has 28 offices in 6 countries. Further information: Heigo Metsoja +372 6144 654 heigo.metsoja@arcovara.ee