FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT 2015
BULGARIA
key CAPITAL MARKETS INFORMATION
Country Facts
Country Bulgaria Legal
Special status within the law
Capital Sofia Regulation
Self-regulated and Financial Supervision Commission (FSC)
Securities market regulations BSE-Sofia rules and FSC regulations harmonized with the EU legislation
Area (km ) 111,000
Population (million) 7.36
GDP (USD billion) 51
Currency Bulgarian Lev (BGN)
2
Exchange rate (1 USD) 1.6035
Trading rules Trading rules existing in BSE-Sofia rules
Surveillance BSE-Sofia rules and FSC regulations harmonized with the EU legislation
Corporate actions BSE-Sofia rules & EU regulations
Time zone GMT+2 Trading halts regulations BSE-Sofia rules
Calling code +359 Investor protection BSE-Sofia rules & EU regulations
key economıc data
ANNUAL GDP GROWTH (%) INFLATION (%) GOVERNMENT DEBT/GDP (%)
2.5 4.0 30.0
2.0 3.0 25.0
2.0 20.0
1.0 15.0
0.0 10.0
0.5 -1.0 5.0
0.0 -2.0
1.5
1.0
2010
2011
2012
“
2013
2014
In 2015 BSE-Sofia
launched a new project
together with 19 of the
stock exchange members:
Equity Day.
”
16
2010
0.0
2011
2012
2013
2014
2010
2011
2012
2013
2014
Improving the investment
culture in Bulgaria
Equity day Studying and screening
potential issuers
IPO Project
In 2015 BSE-Sofia launched a new project together
with 19 of the stock exchange members, aiming at
improving the investment culture and increasing
the knowledge of equity instruments as a form
of investment. The initiative, called Equity Day
provides for retail investors the opportunity to trade
free of all charges for up to 15 executed orders,
EUR 1000 each. This year it was held on June 10th
and was a major success. The number of executed
orders increased more than twice in comparison
with the YTD daily average, much of which could
be attributed precisely to individual investors.
Given the broad support that we received from our
members and its good acceptance by the investors,
BSE-Sofia plans to hold an Equity Day every year. Aiming at more listings on the exchange in the
mid-run, BSE-Sofia started a very comprehensive
project for studying and screening thousands
of private companies in 2015. By analyzing all
available sources of public data about all major
non-listed business enterprises in Bulgaria BSE-
Sofia managed to select those that may reasonably
need non-banking financing for they activities.
After a careful review of the shortlisted potential
issuers, the Exchange has conducted detailed
financial and non-financial analysis of the target
companies, to which management in person BSE-
Sofia could present the growth potential for their
companies via capital market’s funding.
FULL MEMBERS