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AXARION

We believe that value is not random

WHo we are?

We are a boutique consulting firm specializing in business valuation, transfer pricing, and asset valuation. Established in 2008, Axarion combines long-standing expertise, structured thinking, and a strong commitment to professional standards.

Our valuation methodology aligns with International, European, and Bulgarian Valuation Standards, with the International Financial Reporting Standards, and with the OECD Transfer Pricing Guidelines.

We believe that value is not random. It is revealed through analysis, logic, and context.

We help clients make confident decisions by revealing the true value behind complexity — because value is not random.

At Axarion, we value independent thinking, analytical clarity, and trusted relationships. We take on work only where our expertise runs deep. We bring structure to complexity—and we do so responsibly, discreetly, and with integrity.

 

Integrity & Objectivity

We make decisions based on facts, logic, and independent judgment. We act with integrity and reject any compromise that may distort reality.

 

Professional Competence

We accept only engagements where we can apply our expertise in depth, ensuring that we deliver at a high professional standard.

 

Due Professional Care

We approach every task with precision and attention to detail, grounding our work in thorough research and well-documented analysis.

 

Confidentiality

Our clients’ trust is inviolable. The information entrusted to us remains protected—unless disclosure is required by law

Nigokhos Kanaryan, PhD, CPA

Owner and managing partner. He has over 20 years of experience in business consulting, investment advisory, and business valuation. His work focuses on complex cases related to transfer pricing, asset valuation, and corporate strategy. He advises both local and international clients and is a sought-after expert in highly specific and challenging valuation scenarios.

Professional Certifications

  • Certified Appraiser of Enterprises and Receivables (Reg. No. 500100802)
  • Certified Real Estate Appraiser (Reg. No. 100102702)
  • Certified Appraiser of Financial Assets and Financial Institutions (Reg. No. 600100109)
  • Licensed Investment Consultant by the Financial Supervision Commission (License No. IK-100, issued on 06.06.2005)
  • Certified Public Accountant and Registered Auditor (Reg. No. 0859)

Professional Memberships

  • Chamber of Independent Appraisers in Bulgaria (CIAB)
  • Institute of Certified Public Accountants in Bulgaria (ICPA)
  • European Association of Certified Valuators and Analysts (EACVA) – Academic Member
  • Academic Forum at the International Valuation Standards Council (IVSC)

Nigoкhos is a lecturer at the Department of Economics at New Bulgarian University. He is a frequent speaker at professional conferences, training sessions, and valuation seminars, and has published on topics related to business valuation and transfer pricing. He has also completed specialized training in transfer pricing at the WU Transfer Pricing Center at the Vienna University of Economics and Business.