For more than 50 years we, at GLAVBOLGARSTROY, have developped new places for residential, office, shopping, sports and relax purposes, as well as roads for the movement of vehicles indispensable for the higher quality of people’s lives. Since its establishment, the company has completed projects with a total built area of over 26 million square meters – an impressive volume of works based on our continuous striving for improvement, process optimization and provision of the highest quality service to our customers.
Our company has pioneered in developing key standards in the construction industry, both in Bulgaria and throughout the Balkan region. We continue to cement this leadership position primarily through innovative corporate governance in all directions. We do not simply follow the latest trends in the construction industry, but we also create them.
With the implementation of a number of landmark projects in Central and Eastern Europe, the Balkans, Africa, Central and North Asia and the Middle East, GLAVBOLGARSTROY’s name has become synonymous for honesty and high quality. The company is considered a reliable partner, capable of offering a full range of services in project implementation – before, during and after construction.
As a market leader, we have contracted the development of large-scale projects demanding particular attention, whose implementation is secured by guarantees issued by first-class Bulgarian and international banks. Our company has extensive experience and has successfully participated in tenders financed by international institutions, public and private investors all over the globe.
We, GBS, have always set clear strategic priorities and ambitious targets for the company. Our mission is to be a leader in providing the best integrated solutions throughout the life cycles of construction projects – conceptualization, planning, estimation, design, construction, management, operation and maintenance.
It is our guiding principle that every project should be implemented to the ultimate satisfaction of the client- within schedule, budget, and to the best quality and performance standards.
To this end, we have embraced the principles of “Leadership Culture”, which contributes both to the effectiveness of our business and the successful implementation of our corporate priorities and goals. The main goal of everyone in GBS is to be the best in what we do. That’s why we have supported and encouraged the entrepreneurial spirit and constant desire for improvement within the company.
GLAVBOLGARSTROY was created in 1969 by virtue of the so-called “Oil-Iron” Intergovernmental Agreement for construction works in Russia. In the period 1971-1972 another 13 construction groups were formed. In 1986, start was given to the construction of the “Yamburg – Western Border” gas pipeline, followed by the set-up of 10 trust holdings, including 7 in Russia and 3 in Ukraine. The project included the construction of underground gas and oil storage depots, compressor stations, etc. In 1991-1992, new trust holdings were founded in Russia, Kazakhstan and Ukraine. In the period 1992-96, six small towns were built up, worth over DEM 600 million in total.
After 1994, GLAVBOLGARSTROY operated in Russia, Kazakhstan, Ukraine, Germany and Bulgaria as prime contractor for a number of residential, public, industrial and infrastructure projects. In 1997, GLAVBOLGARSTROY was transformed into a private joint-stock company and since 2005 it has been a holding structure.