Our team

The history of Magic Flame began in 2007, when Mr. Bagdasaryan started international grain trade, or in other words, when he began to apply what he has learnt at the University of Economics – Varna, where he graduated in Agricultural Economics. After 10 years of successful trade, Mr. Bagdasaryan saw new horizons for his business in the processing of raw materials and thus came to the establishment and commissioning of the plant for peeled sunflower in Riltsi, town of Dobrich, which in the last 5 years has established itself as one of the main exporters of bakery sunflower for major European food concerns.

Following its start in the grain trade and the subsequent development of peeled sunflower production, Magic Flame recently added another unit to the processing of agricultural products. The company acquired the oil producer Klas Oil and its foreign trade company Kabakum Group – Import Export. For outsiders, this transaction looks like a classic consolidation of similar productions and building a group with a turnover of nearly BGN 230 million for 2019. Inside, however, its owner, Eduard Bagdasaryan, sees opportunities for many synergies and market expansions. He is already planning the next investments, which will increase production capacity and expand the product list, including corn. And the focus for the future is on clean food and energy independence.

Mr. Stoyanov occupies an honourable place in the company history of Magic Flame thanks to the fact that he is the main driving force behind our peeled sunflower plant in Riltsi, town of Dobrich. Leader of over 200 persons, Borislav works in the field of sunflower processing ever since turning the first sod of our company. Thanks to his dedication, business acumen and excellent communication skills, we are currently building another plant for sunflower processing to meet the international markets increased interest in our products.

A graduate of the Maritime School – Varna, Draycho Draychev spent nearly 20 years in the shipping business, where he dealt with cargo logistics and international trade. He has worked for Zodiac Maritime Ltd, BMF, Zarneni Hrani Bulgaria AD, has been an exclusive agent of GLENCORE International Bulgaria, BG AGRO JSC, and many others. Since 2016, Mr. Draychev has held the position of Foreign Trade Manager at Magic Flame Ltd. Thanks to his expertise, personal charisma and business skills, our international partners are growing every day.