Listing of state companies is back on the agenda, claims Economy Minister

Caretaker Minister of Economy Teodor Sedlarski visited yesterday the Bulgarian Stock Exchange in a meeting with BSE management where he said opportunities for funding state companies via listing was discussed among other issues of boosting local capital market development. Minister Sedlarski said to media a list of public companies is being reviewed by assessing which… Read more

Asset Review: Bulgarian insurance companies and pension funds are stable

The Insurance Balance Sheet Review and Pension Funds Asset Review of the Bulgarian insurance and pensions sector showed stability, this was announced at the presentation of reports at a press conference on 3 February 2017 given jointly by the Bulgarian Financial Supervision Commission and the European Insurance and Occupational Pensions Authority (EIOPA). The Insurance Balance… Read more

Sopharma

Sopharma booked best FY2016 net profit in 3 years

Leading generic pharma producer Sopharma met top line estimates but missed profit expectation on new impairments – the Company published its unconsolidated unaudited FY2016 financial statements. Sopharma FY2016 meets some of the estimates Sopharma booked best FY2016 net profit in three years both on one off and cost optimizations. Net income came at BGN 37.3m,… 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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Contacts

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Phone: +359 (2) 81 000 25
Phone: +359 (2) 81 000 26
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