ANNUAL REPORT 2015
FEDERATION OF EURO-ASIAN STOCK EXCHANGES
BULGARIAN STOCK EXCHANGE
In 2014, all main indices of the BSE remained on positive territory
throughout the year, registering slight increase at the end of the
12-month period.
Ivan Takev
CEO
The year 2014 was a challenging one for the
Bulgarian Stock Exchange. From a financial point
of view Bulgaria went through a very difficult
period - the political instability and banking sector
turbulence had a negative impact on investors’
confidence, especially in the second half of the
year. Liquidity on the stock market was very low
and trading volumes fell by 50% compared to
2013. Nevertheless, all main indices of the BSE
remained on positive territory throughout the
year, registering slight increase at the end of the
12-month period.
Bulgarian stocks started 2015 on a positive note.
The ruling government coalition seems stable, the
country economic performance is improving and
investors’ confidence is returning. Financial analysts
believe there is a significant upside potential in the
local stock market and that the recovery from the
previous crisis years will continue.
The Bulgarian Stock Exchange will continue
with its efforts to attract new, well-performing
companies for listing. The upcoming IPO of the
leading software company Sirma Group Holding
will send positive signals to the investors. The
key HigHligHts Of tHe year
Companies and market capitalization
Number of listed companies
Domestic companies
Foreign companies
Number of new listings
Domestic market capitalization (USD million)
Trading
Value of share trading (USD million)
Number of share trades (thousand)
Value of bond trading (USD million)
Number of bond trades
Index
SOFIX
31.12.2013 31.12.2014
381
381
0
8
6,972 372
372
0
2
6,084
873
81
143
492 399
107
101
433
491.52 522.1
intended privatization of larger state-owned energy
companies through the stock exchange would
surely give the market new momentum and catch
the attention of global institutional investors.
On a regional level the Bulgarian Stock Exchange
will further promote the co-operation with all the
exchanges in South-East Europe. A good example
of fruitful partnership is the EBRD financed project
whose objective is the creation of a common
regional infrastructure for trading of securities,
listed on the Bulgarian, Macedonian and Zagreb
stock exchanges.
“
The Bulgarian Stock
Exchange will continue
with its efforts to
attract new, well-
performing companies
for listing.
”
ABOUT BULGARIAN STOCK EXCHANGE
Established: 1991
CEO: Ivan Takev
Address: 6 Tri ushi Str., floor 5, 1000 Sofia,
Bulgaria
Contact name: Panteley Karassimeonov
E: [email protected]
W: www.bse-sofia.bg
FULL MEMBERS
17