Michael Petkov, a resident of Vratza, possesses sole ownership of Bulned Ltd. He started the business as a 50/50 partnership with a Dutch partner, but in 1999, the partner withdrew and Petkov took over 100% of the shares. “Michael is a young and dynamic entrepreneur from Vratza, who is committed to create a long-term and up-to-date industry with great international potential in his hometown,†said Werner Reinhardt, the Dutch marketing director of Bulned.
The main source of revenue for the company is its frost-resistant Vratza limestone, a warm material ranging in color from white and light beige to cream. Although Bulned has only been quarrying the material since 1998, the Vratza stone itself has been around for more than 100 years, and it has been used for architecture around the world.