Peter Bozadjiev, CFO and Member of the Board, Monbat

Monbat plans doubling net earnings in 5 years, explores new battery technology

The leading lead-acid batteries producer in Bulgaria Monbat explores new battery technology, the Company announced in a statement to the stock exchange. The move is a response to the alternative energy sources and changing energy storage trends, the statement continues. Monbat New Power launch Accordingly, Monbat incorporated new 51% subsidiary in Bulgaria – Monbat New… Read more

GERB

Bulgarian Government resigned after GERB candidate loss in President Elections

Prime Minister Boyko Borisov’s Government resignation has been approved on Wednesday, Nov16th 2016, by the Parliament. The Government resigned after leading GERB party was second in last week presidential elections. Socialists-backed Rumen Radev won the elections on populist campaign. GERB candidate Tsetska Tsacheva came second which led PM Borisov to resign due to loss of… Read more

SOFIX UCITs ETF

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

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