Kiril Domuschiev

Kiril Petrov Domuschiev
Born (1969-04-18) 18 April 1969
Sofia, Bulgaria
Nationality Bulgarian
Education Technical University, Sofia
Occupation Businessman, Entrepreneur
Years active 1990-present
Known for PFC Ludogorets Razgrad
Net worth
  • Increase
US$950 million (2013)[1]
Spouse(s) Kremena Domuschieva
Parent(s)
  • Margarita Domuschievа (mother)
Relatives Georgi Domuschiev (brother)

Kiril Petrov Domuschiev (Bulgarian: Кирил Петров Домусчиев; born 18 April 1969) is a Bulgarian businessman.

Biography

Born on 18 April 1969 in Sofia, Kiril Domuschiev completed his secondary education at the 9th French Secondary Language School in Sofia. He got a Master’s Degree in “Industrial Management and Marketing” at the Technical University – Sofia. After the political changes in 1990, Kiril Domuschiev, together with his brother Georgi Domuschiev, established several companies, manufacturing and trading products such as clothing and footwear.

In 1996 he established the privatization fund "Napredak Holding” AD, through which he acquired shares in a number of companies in Bulgaria, operating in various industrial sectors. One of these companies is the bicycles and forklift truck manufacturer “Balkan” AD, where the Domuschiev Brothers’ mother – Margarita Domuschievа was appointed as Director for the period 1997 - 2009. [2]

In 1999 Kiril Domuschiev launched his own pharmaceutical business, establishing “Huvepharma” EOOD, which in 2000 privatized the then public company “Biovet” AD [3] - owner of a veterinary products factory in Peshtera, Bulgaria. Through the years “Huvepharma” EOOD constantly progressed to become a global pharmaceutical company focused on developing, manufacturing and marketing of human and veterinary medicine products. The company now owns production sites located in Bulgaria, the USA and Italy. Huvepharma markets its products through its own subsidiaries, representative offices and distributors and ranks among the top 10 global companies in the area of animal health. [4]

In 2003 Kiril and Georgi Domuschiev established “Advance Properties” OOD, each having 50% share in the company. “Advance Properties” is a holding company, through which the Domuschiev brothers carry out most of their investments. The companies within “Advance Properties” OOD engage mainly in pharmaceutics, sea transport, real estate development, construction, etc. [5]

In 2008, as a result of privatization procedure “Advance Properties” OOD, through its subsidiary “KG Maritime Shipping” AD acquired 70% of the equity of “Navigation Maritime Bulgare” AD (NAVIBULGAR), a ship-owner company with a history of more than 125 years. [6]

“Advance Properties” OOD is the sole owner of “BMF Port Burgas” EAD - a port operator and concession holder of Terminal Burgas East 2 and Terminal Burgas West.[7]

In 2010, began investing in the development of PFC Ludogorets Razgrad, a football club.

In 2014 he was appointed chairman of the board of the Confederation of Employers and Industrialists in Bulgaria, an employers' organization, and in March 2017 he was re-elected on this position for a second term. [8]

In 2011 Kiril Domuschiev was awarded a Prize for Contribution to the Development of Industry in the competition “Mr. Economics“ of the “Economics” Magazine. [9]

In 2016 the Ombudsman of the Republic of Bulgaria Maya Manolova awarded Kiril Domuschiev with the “Good Heart” award for his personal contribution to the “Easter for Everyone” campaign. [10]

References

  1. ↑ http://www.economic.bg/bg/news/3/Kiril-Domuschiev-pritejava-aktivi-za-nad-1-mlrd-evro.html
  2. ↑ "Напредък холдинг е купувач на 40% от Балкан АД и вече има над 85% | Investor.bg". Investor.bg (in Bulgarian). Retrieved 2017-06-05.
  3. ↑ Capital.bg. "КФН разреши на "Хювефарма" да изкупи всички акции в "Биовет"". www.capital.bg (in Bulgarian). Retrieved 2017-06-05.
  4. ↑ "Huvepharma :: About :: Production bases". www.huvepharma.com. Retrieved 2017-06-05.
  5. ↑ "Хювефарма вече е изцяло собственост на Адванс пропъртис - Economy.bg". www.economy.bg. Retrieved 2017-06-05.
  6. ↑ "History | Navbul.com". navbul.com. Retrieved 2017-06-05.
  7. ↑ "About us - BMF Port Burgas". BMF Port Burgas. Retrieved 2017-06-05.
  8. ↑ "Вижте кои са в новото ръководство на КРИБ". www.24chasa.bg. Retrieved 2017-06-05.
  9. ↑ "Мистър Икономика 2011 е Цветан Василев". Мистър Икономика 2011 е Цветан Василев - Стандарт Нюз. Retrieved 2017-06-05.
  10. ↑ "Омбудсманът връчва приз „Добро сърце" на Кирил Домусчиев". www.economic.bg (in Bulgarian). Retrieved 2017-06-05.
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