Price survey for Real Estate "Emerald Resort Ravda"

Insolvent credit institution Baltic International Bank SE, Reg. No. 40003127883, legal address Marijas street 2A, Riga, LV-1050, administrator Linda Sniega-Svilane invites to make price offers for the Real estate owned by credit institution:

1. Two-bedroom apartment No. M408, total area 72.61 sq.m., located on the 4th floor of the building, identification number 61056.502.569.4.65, Madras building, in the "Emerald Resort Ravda" resort complex, Block 22, Ravda village, Nessebar Municipality, Burgas Region, Bulgaria;
2. One-bedroom apartment No. M413, total area 79.56 sq.m., located on the 4th floor of the building, identification number 61056.502.569.4.74, Madras building, in the "Emerald Resort Ravda" resort complex, Block 22, Ravda village, Nessebar Municipality, Burgas Region, Bulgaria;
3. Two-bedroom apartment No. I315, total area 83.56 sq.m., located on the 3rd floor of the building, identification number 61056.502.569.3.56, Ikat building, in the "Emerald Resort Ravda" resort complex, Block 22, Ravda village, Nessebar Municipality, Burgas Region, Bulgaria;
4. Studio-type apartment No. E823, total area 70.74 sq.m., located on the 8th floor of the building, identification number 61056.502.569.1.694, Emerald building, in the "Emerald Resort Ravda" resort complex, Block 22, Ravda village, Nessebar Municipality, Burgas Region, Bulgaria.
5. One-bedroom apartment No. E817, total area 72.45 sq.m., located on the 8th floor of the building, with an identification number 61056.502.569.1.691, Emerald Building, "Emerald Resort Ravda" holiday complex, Block 22, Ravda Village, Nesebar Municipality, Burgas Region, Bulgaria;
6. One-bedroom apartment No. E820, total area 59.93 sq.m., located on the 8th floor of the building, with an identification number 61056.502.569.1.672, Emerald Building, "Emerald Resort Ravda" holiday complex, Block 22, Ravda Village, Nesebar Municipality, Burgas Region, Bulgaria;
7. One-bedroom apartment No. E701, total area 73.79 sq.m., located on the 7th floor of the building, with an identification number 61056.502.569.1.646, Emerald Building, "Emerald Resort Ravda" holiday complex, Block 22, Ravda Village, Nesebar Municipality, Burgas Region, Bulgaria;
8. One-bedroom apartment No. E601, total area 76.66 sq.m., located on the 6th floor of the building, with an identification number 61056.502.569.1.584, Emerald Building, "Emerald Resort Ravda" holiday complex, Block 22, Ravda Village, Nesebar Municipality, Burgas Region, Bulgaria;
9. Studio-type apartment No. E501, total area 76.66 sq.m., located on the 5th floor of the building, with an identification number 61056.502.569.1.504, Emerald Building, "Emerald Resort Ravda" holiday complex, Block 22, Ravda Village, Nesebar Municipality, Burgas Region, Bulgaria;
10. One-bedroom apartment No. E801, total area 89.34 sq.m., located on the 8th floor of the building, with an identification number 61056.502.569.1.683, Emerald Building, "Emerald Resort Ravda" holiday complex, Block 22, Ravda Village, Nesebar Municipality, Burgas Region, Bulgaria;
11. Two-bedroom apartment No. E808, total area 66.19 sq.m., located on the 8th floor of the building, with an identification number 61056.502.569.1.679, Emerald Building, "Emerald Resort Ravda" holiday complex, Block 22, Ravda Village, Nesebar Municipality, Burgas Region, Bulgaria;
12. One-bedroom apartment No. E822, total area 75.49 sq.m., located on the 8th floor of the building, with an identification number 61056.502.569.1.670, Emerald Building, "Emerald Resort Ravda" holiday complex, Block 22, Ravda Village, Nesebar Municipality, Burgas Region, Bulgaria.

The Credit institution sells the mentioned four real estates together as a whole real estate (hereinafter referred to collectively as the “Real Estate”). The year of construction of the real estate is 2007.

The valuation of the Real Estate and the price below which the Real Estate will not be sold is EUR 407 300,00 (four hundred and seven thousand three hundred euro, 00 cents). The right to purchase the Real Estate will be granted to the highest bidder, who offers a price higher than EUR 407 300,00.

In addition to the price of the Real Estate, the buyer will also be required to pay the tax debt incurred until 24 January 2024, which will be specified at the time of sale (as of 6 June 2025, amounting to BGN 51 246,41). In addition, the buyer will need to cover the costs of re-registration of the Real Estate, as well as the taxes and fees, in accordance with the applicable laws and regulations related to the sale and re-registration of the Real Estate.

The Real Estate can be reviewed in person by prior arrangement, by calling +371 29255540.

The buyer can be any natural or legal person who has proof of the legal origin of the funds, is not subject to sanctions and offers the highest price.

The Administrator reserves the right not to conclude a Purchase Agreement with the potential highest bidder if the price offered for the Real Estate is in conflict with the interests of the creditors of the Credit institution.

Before the conclusion of the Purchase agreement, the potential buyer of the Real Estate will be obliged to complete a questionnaire prepared in accordance with the requirements of the Law on Prevention of Money Laundering and Terrorism and Proliferation Financing (hereinafter - AML/CFT Law) and to submit the documents and information specified in the questionnaire. The administrator of the Credit institution has the right to request additional information and documents on the origin of the potential buyer’s funds and the buyer is obliged to submit the requested information to comply with the requirements of the AML/CFT Law and the Law on International and National Sanctions of the Republic of Latvia (hereinafter – Sanctions Law). Non-provision of the above information to the Administrator of Credit institution and non-filling in of the questionnaire regarding the origin of funds shall be deemed as a refusal to conclude the Purchase agreement.

All persons wishing to purchase the Real Estate are invited to submit a written offer to the Administrator by 15 August 2025 (date of postal stamp), in any of the following ways:

• by sending an electronic document signed with a secure electronic signature and containing a time stamp, in the form provided for in the Electronic Documents Act, to the e-mail: piedavajumi@bib.eu;
• by sending it as registered post to the address: Baltic International Bank SE, Marijas iela 2A, Riga, LV-1050;
• in person at Marijas iela 2A, Riga (working days from 9.00 to 17.00), by prior arrangement by calling +371 67000444.

The following information must be included in the price offer:

1. name, surname/name of the applicant's organization, personal code/registration number, declared/legal address, telephone number and e-mail address;
2. a clear price offer for the Real Estate in numerical value and in words;
3. confirmation of the legal origin of the funds;
4. a clear statement of the date by which the buyer is agreed to pay for the Real Estate.

All persons who wish to participate in the price inquiry must pay a security fee in the amount of EUR 4 900,00 to AS BluOr Bank, account No LV77CBBR1130131400060, SWIFT code: CBBRLV22, beneficiary Baltic International Bank SE, reg.No 40003127883, by 15 August 2025 (inclusive), with the reference "Security fee for the price inquiry for Real Estate Emerald Resort Ravda".

The bidder who has offered the highest purchase price will be granted the security deposit as part of the purchase price, provided that it has passed the checks carried out by the Credit institution in relation to compliance with the requirements of the AML/CFT Law and/or the Sanctions Law. The security deposit shall not be returned to the bidder who has offered the highest price if the bidder fails to pass the Credit institution's checks for compliance with the requirements of the AML/CFT Law and/or the Sanctions Law, or if the bidder rejects to conclude the Purchase Agreement of Real Estate. The security deposit will be returned to the other bidders within fifteen working days after the closing date of the price inquiry.

Please note that by submitting a bid, a person confirms at the same time that he agrees to cover all expenses related to the re-registration of the buyer's title to the purchased Real Estate in the official registers, as well as to settle any tax debts related to the Real incurred until 24 January 2024.

After the closing date for the price inquiry the Administrator will contact only the bidder who has submitted the highest offer for the purchase price.