Stock Exchanges in Stocks Futures Bonds Directory

Home » Business Investing » Stocks and Bonds Investing » Stock Exchanges » Bulgarian Stock Exchange Sofia

Bulgarian Stock Exchange Sofia in Active Trader Links Directory

The History of the Bulgarian equity market dates back almost a century ago. The first provisional Stock Exchange Act adopted in 1907 regulated the structure and functions both of stock and commodity exchanges. On April 15th, 1914 under the Kings Decree ?7 the first real stock xchange was established in Bulgaria. In the beginning 21 companies were listed on the exchange with a total capital of BGL 81 million. After the World War I the Stock Exchange was reopened in 1920 operating predominantly forex rather than securities transactions. In the 30’s some 30 companies got to be listed on the Exchange and generated substantial turnover. After World War II the Stock Exchange ceased its operations. The equity market was re-established in 1991 with the introduction of the Commerce Act. The emergence of the equity market is directly linked with the deep structural, economic and social changes in the country since 1989. In the period 1992-1994 some twenty regional exchanges sprung up across the country. The market was functioning in a completely unregulated environment until the adoption of the Securities, Stock Exchanges and Investment Companies Act in July 1995. In compliance with the newly adopted Act a Securities and Stock Exchanges Commission (SSEC) was established. By the end of 1995 most regional exchanges merged and Bulgarian Stock Exchange remained the only operational exchange in the country. The other key institution on the market - Central Depository AD (CDAD) was established as a joint-stock company in 1996. In 1996 Securities and Stock Exchanges Commission (SSEC) introduced the requirement that all listed stocks should have their prospectuses approved by the SSEC in order to be traded on the BSE. As no company complied with this requirement, trading on the BSE was suspended on 23 October 1996.

Address: 10 Tri ushi St., 1303 Sofia
Telephone: 359(0)2 937 09 34
Fax: 359(0)2 937 09 46
Website: http://www.bse-sofia.bg/