Within the next five years Eurohold Bulgaria's consolidated annual revenue is expected to grow to 1.5 bln leva, Assen Hristov, chairman of the Supervisory Board of the holding company, said today.

The figure includes the expected revenue from the acquisition of new businesses. Eurohold Bulgaria forecasts to rake in 627 mln leva annual revenue and 68 mln leva profit only from the existing companies until 2010.

Eurohold Bulgaria's lease portfolio will grow to 1.2 bln leva, while the value of the assets managed by the company will go up to 1.7 bln leva. The lease and the automobile businesses of the company will be consolidated in different sub-holding companies, Hristov said.

More than 100 companies operate in the domestic lease market at present with 22 of them having notable market presence. Eurolease Auto's lease portfolio amounted to over 91 mln leva as at the end of 2007.

The leasing company booked 3.282 mln leva revenue for 2007. The figure is projected to grow to 17.089 mln leva this year.

Four new points of sales for automobiles are currently being developed – two in Sofia, and one in Veliko Tarnovo and Stara Zagora each, Kiril Boshov, Chairman of the Management Board of Eurohold Bulgaria, said.

A total of 2,606 new vehicles were sold in 2007. The figure is expected to increase to 3,482 units in 2008, Boshov added.

Starcom Holding owns 68.2% of the capital of Eurohold Bulgaria, while other major shareholders include FireBird Management, Landsbanki Luxembourg, Bank Austria and EFG Eurobank.