In 1993, Svetakov partnered with Galin and Truskov to found Absolute Bank. He sold Absolut-bank in 2007 to a Belgian group for almost $1 billion. Since then, he has shifted to property development, and in 2013 was developing five projects in London and New York City. In 2015, Absolute Group received the International Property Award for Best Office Architecture in Europe for their Noble Business Centre in Limassol, Cyprus.