Eurohold deal for CEZ Bulgarian assets

Eurohold to invest BGN 530m in CEZ BG if deal is approved

Eurohold (4EH BU) to invest BGN 530m in CEZ Bulgarian assets by 2023 in the case it acquires them, the Company announced during a press conference yesterday. The Group, via its subsidiary Eastern European Electric B.V. (EEE), will invest in quality improvement, introduction of smart technologies, cut-down on electricity leaks and connection of renewable energy sources to the grid.

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

SOFIX reaches 8.4 year high

Bulgarian Stock Exchange blue-chips index SOFIX reaches 8.4 year high closing at 624.91 on March 10, 2017. This is 2.4 times above the February 2009 low for the period and 1.25x above the low at the end of October 2008. The index has still way to go to reach its all-time high of 1934.45 points… Read more