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

CEZ logo

CEZ Group exploring sale of business in Bulgaria

CEZ Distribution and CEZ Electro, the CEZ Group distribution and electricity trader in Bulgaria, respectively, may be put on sale. According to a statement published on Friday, based on interested from several investors CEZ Group has decided to examine the market related to its equity investments in Bulgaria. No other details on the potential candidates… Read more

Monbat

Batteries producer Monbat reports all-time-high results in FY 2016

Leading car batteries producer in Bulgaria, Monbat, reports all-time-high FY2016 group results, according to preliminary data posted by the Company. The Company announced 7.21% y/y rise in consolidated top line to BGN 263.7m for FY2016 on both rising volumes and surging LME prices. This is the strongest top line result for the Group ever. Batteries… Read more

Predictions 2017, Bulgarian stock market

Outlook 2017: Bulgarian stocks continue on the upside, attracting new investment and IPOs

Sofia bourse blue-chip index SOFIX will add 20% gains more in 2017 after the lucky approx. 30% profit for investors in 2016 – this is what ELANA Trading chief investment consultant Tsvetoslav Tsachev wrote in the annual predictions on financial markets. The analysis of the Bulgarian stock market says investors’ mood has been diverted towards… Read more

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