Bulgarian stocks book best Q1 since the start of 2014

The main index of Bulgarian stocks SOFIX added 8.11% q/q in 1Q17, best performance since the start of 2014. The index booked fourth consecutive quarter on the upside adding 43% since the last down quarter – 3Q16. Generic drug pharma company Sopharma (3JR BU) contributed most to SOFIX’ performance over the quarter, adding 31% q/q… Read more

2017 dividend season started

2017 dividend season started

First dividend news came out with the publication of audited FY 2016 reports yesterday. Regular dividend providers REITs are investors’ favourites on dividends since by law they are obliged to distribute 90% of their profits as dividend. Biggest land REIT in Bulgaria Advance Terrafund (6A6BU) provisions BGN 0.154 DPS, yielding 7.3% at current quotes, according… Read more

ELANA Agrocredit

Advance Terrafund sells another 1 069 dca of farmland in December 2016

Biggest land REIT, Advance Terrafund sells another 1 069 dca of farmland in December with full year sales reaching 15 168 dca, according to the fund’s regular monthly newsletter. Overall fund’s performance for the FY2016 is above ELANA Trading analysts’ expectations. Farmland deals 2016 The Company’s annual sales revenues to reach BGN 20m with an… Read more


SOFIX ETF gets BGN 22m inflow and considers cross listing abroad

The first SOFIX EFT – Expat Bulgaria SOFIX UCITs ETF gets BGN 22m cash inflow from local pension funds, considers cross listing abroad, the fund manager Expat Asset Management announced in a statement. The inflow is one of the highest since the end of 2008 crisis. As a result SOFIX is at a two year… Read more