Today will be offered for sale shares of "Elcable" SPJSC (Bourgas) and this will be the start of official market on "Bulgarian Stock Exchange - Sofia" JSC. The minimum price offered for the issue is BGL 14,500 per 1 share. Final term for sale is July 12th 1998. The shares of "Elcable" SPJSC will be offered by the investment intermediaries Bulgaria-Russian Investment Bank JSC and FBH "Elana" JSC. If this experiment proves to be successful, shares of Expressbank JSC (Varna), HebrosbanK JSC (Plovdiv) and Bulbank JSC will be also sold at the stock exchange. It is expected that in a few months shares of "Kremikovtzi" JSC and "Neftochim" JSC will be offered for sale at the stock exchange.
Source: Trud (12.01.1998)

State Savings Bank will trade on the stock exchange, its Deputy Director, Mr. Ivan Iskrov announced. SSB is a member and shareholder in "Bulgarian Stock Exchange - Sofia" JSC and after it receives a bank statute, the savings bank will receive a licence as investment intermediary. SSB has already filed its documents for licence in Securities and Stock exchanges Commission.
Source: Standart (19.01.1998)

"Bulgarian Stock Exchange - Sofia" JSC will stop the block trade on February 10th 1998.
Source: Standart (30.01.1998)

The Board of Directors of "Bulgarian Stock Exchange - Sofia" JSC decided that on February 9th will be stopped the registration of block deals with big packs of shares of companies, which have been traded on the stock exchange. After February 9th the block deals will be struck only with a decision of the Board of Directors of the companies. A constant member of the stock exchange was accepted "Naturella Group" SPLtd. and temporary member was accepted "Hedger" JSC.
Source: Capital (02.02.1998)

The privatization of "Krepezhni Izdelia" SPJSC (Plovdiv) through the stock exchange will not be completed. 21 per cent of the company's shares were sold on February 3rd 1998 on the stock exchange through investment intermediary "Dealing Financial Company" JSC (Sofia). The investment intermediary sold the shares, which were property of PF "Trakia" JSC (Plovdiv) at a price of BGL 10,500 per share to PF "Orel Invest" JSC (Sofia) and to "Eurofinance" JSC (Rousse). PF "Orel Invest" JSC already owns 18 per cent of the shares of "Krepezhni Izdelia" SPJSC (Plovdiv) (acquired at mass privatization sessions) and with the new shares the PF will have a hold on the major pack of shares of the enterprise.
Source: 24 chasa (05.02.1998)

Till the present moment on the free market of "Bulgarian Stock Exchange - Sofia" JSC have been registered 240 companies. It is expected that another 100 companies will be also registered.
Source: Pari (05.02.1998)

90 per cent of Bulgarian securities market is being realized out of exchange, the Director of Institute for Market Economy, Mr. Krassen Stanchev said. According to Mr. Apostol Apostolov, Executive Director of Central Depository, the shares' prices amount to BGL 5,000 - BGL 50,000 depending on the investment intermediary.
Source: Standart (06.02.1998)

Sofia City Court registered the following changes for the Bulgarian Stock Exchange - Sofia - JSC: Mr. Penio Ivanov Hadzhiev is registered as a member of the Board of Directors.
Source: State Gazette (10.02.1998)

The Board of Directors of "Bulgarian Stock Exchange - Sofia" JSC canceled two deals, struck through block trade. The first one was struck on February 5th - 893 shares of "Sluntchev Briag" JSC (Nesebur). This deal was proclaimed invalid because through block trade can be sold at least 2000 shares. The deal for sale of 29,352 shares of "Yundola - 91" JSC (Velingrad) was given up by both sides.
Source: Trud (11.02.1998)

The Board of Directors of "Bulgarian Stock Exchange - Sofia" JSC adopted "Societe Generale" JSC - Sofia branch and "Nord Investment" JSC - Sofia branch, as regular members of the stock exchange. The brokers of the stock exchange's new members were also registered. The two companies are the last investment intermediaries licensed by the SSEC, but have already acquired 1,000 sharesq which are necessary for a regular membership in "Bulgarian Stock Exchange - Sofia" JSC.
Source: Capital (23.02.1998)

On Friday, April 3, 1998 the Board of Directors of "Bulgarian Stock Exchange - Sofia" JSC voted the dismissal of the Executive Director Mr. Victor Papazov. His duties will be temporarily executed by the Chairman of the board Mr. Georgi Prohaski. Motives for this dismissal of Mr. Papazov are that the stock exchange does not work effectively enough and has not affirmed itself as a national securities market.
Source: Pari (06.04.1998)

Mr. George Draichev is the new Executive Director of “Bulgarian Stock Exchange - Sofia” JSC. Mr. Draichev will replace the former Executive Director Mr. Victor Papzov, who was dismissed after a decision of the stock exchange Board of Director in the end of the last week.
Source: 24 chasa (07.04.1998)

Mr. Georgi Draychev was appointed temporary Executive Director of "Bulgarian Stock Exchange - Sofia" JSC on April 6, 1998, was reported from the stock exchange.
Source: Pari (08.04.1998)

Securities and Stock Exchanges Commission approved the prospectus for an increase in the capital of "Bulgarian Stock Exchange - Sofia" JSC from BGL 199 million up to BGL 300 million.
Source: 24 chasa (15.04.1998)

On April 28, 1998 was held a joint press conference of Bulgarian Association of Licensed Investment Intermediaries (BALII) and SFB “Capital Market” JSC for the creation of an organized OTC-market in Bulgaria. Bulgarian Association of Licensed Investment Intermediaries (BALII) is a company, which has 23 members - investment intermediaries, licensed by Securities and Stock Exchanges Commission (SSEC). Main goal of the Association is to support the development of capital market in Bulgaria. SFB “Capital Market” JSC is a successor of Sofia Stock Exchange - one of the first securities markets in Bulgaria. Actuated by its will to take part in the creation and regulation of an organized OTC-market in Bulgaria, the members of BALII found an effective solution to achieve this goal by acquiring major pack of the shares of SFB “Capital Market” JSC. The Board of Directors of SFB “Capital Market” JSC adopted a Conception for creation of an organized OTC-market in Bulgaria. This Conception should have an affect on Trade Regulations. In the preparation of these Regulations will also take part representatives of commercial banks, registered by SSEC as investment intermediaries. In accordance with Bulgarian legislation, we consider the organized OTC-market to be a natural complement of the stock exchange. In order to be achieved a consolidation of Bulgarian capital market, we agree with joint actions with Bulgarian Stock Exchange and the other capital market participants. The organized OTC-market will create conditions for greater transparency of the market, information for the ultimate investor, irrevocability of the concluded deals - obligatory conditions for greater trust of the investors in the capital market and its participants.
Source: Capital market (29.04.1998)

Privatization Agency selected the enterprises to be privatized on the stock exchange, announced Mr. Zahari Zheliazkov, Executive Director of PA. These are: Burya JSC (Gabrovo) - 26.4 per cent, Bulgaria - K JSC (Kazanluk) - 26.4 per cent, Vamo JSC (Varna - 32.01 per cent, Vinprom - Sofia JSC - 24 per cent, Vratitza JSC (Vratza) - 26.4 per cent, Zavaruchni Mashini JSC (Pernik) - 26.4 per cent, Ilyo Voivoda JSC (Kyustendil) - 26.4 per cent, Interior JSC (Elena) - 26.4 per cent, Intransmash Engineering JSC (Sofia) - 31.51 per cent, Kotlostroene JSC (Sofia) - 32.43 per cent, Latex JSC (Byala) - 26.4 per cent, "Mayak" JSC (Dobrich) - 26.4 per cent, Metizi JSC (Roman) - 30.18 per cent, Novoselska Gamza JSC (Vidin) - 40 per cent, Osum JSC (Lovech) - 26.4 per cent, Petar Karaminchev JSC (Rousse) - 26.4 per cent, Panayot Volov JSC - 26.4 per cent, Pirinsko Pivo (Blagoevgrad) - 24 per cent, Slitex JSC (Sliven) - 26.4 per cent, Struma JSC (Pernik) - 26.4 per cent, Tezhko Mashinostroene JSC (Radomir) - 26.4 per cent, Toni JSC (Sliven) - 26.4 per cent, Unimash JSC (Debeletz) - 49.34 per cent, Shamot JSC (Elin Pelin) - 26.4 per cent, Yavor ID JSC (Plovdiv) - 30 per cent of the shares.
Source: Standart (06.05.1998)

The shares of all 1041 mass privatization companies were listed for the first time on "Bulgarian Stock Exchange - Sofia" JSC (BSE) on May 19. Per decision of BSE's Board of Directors other 551 companies from the voucher privatization list were added to already accessed 490 ones. The stock capitalization increased from BGL 1,750,000 billion up to BGL 2,381,000 billion, since 36 of the new entities were traded and added to the capitalization.
Source: Pari (20.05.1998)

"Logos TM" JSC became a member of "Bulgarian Stock Exchange - Sofia" JSC. This decision was taken by the Board of Directors of the stock exchange on May 29.
Source: Pari (02.06.1998)

Shares of Central Cooperative Bank JSC will be offered for sale on Bulgarian Stock Exchange JSC, the bank's Executive Director Mr. Stoyan Alexandrov reported. Securities and Stock Exchanges Commission has approved the credit institution's prospectus.
Source: Standart (11.06.1998)

The shares of "Bulgarian-Russian Investment Bank" JSC (BRIB) and "Petrol Holding Group" JSC will be traded on the official market of "Bulgarian Stock Exchange - Sofia" JSC from June 22, 1998. The total capital of "BRIB" JSC in the amount of BGL 10 billion will be traded, as the nominal value of a share is BGL 10,000. The emission of "Petrol Holding Group" is above the amount of BGL 6 billion.
Source: Investments (17.06.1998)

The Board of Directors of "Bulgarian Stock Exchange - Sofia" JSC took a decision to punish the two members of the stock exchange "BRIB" JSC and "Unity Invest" JSC to not trade two days (June 17-18). The reason is a delay in the ending of the deals.
Source: Investments (17.06.1998)

The Board of Directors of "Bulgarian Stock Exchange - Sofia" JSC announced a public subscription list for an increase in its capital. 101,000 shares will be offered on July 1, 1998. There were also adopted amendments in the stock exchange regulations.
Source: Capital (22.06.1998)

According to amendment in Regulations of "Bulgarian Stock Exchange - Sofia" JSC, the deviation between opening and closing prices of the stock exchange market should not exceed 5 per cent.
Source: 24 chasa (23.06.1998)

"Bulgarian Stock Exchange - Sofia" JSC promulgated an announcement for public offering of shares from the fifth issue. The issue is in the amount of BGL 101 million. The shares are personal, ordinary with a face value of BGL 1,000. 18,000 shares can be bought by the shareholders of "SFB - Capital MArket" JSC. 83,000 shares will be listed at a face value of BGL 10,000.
Source: 24 chasa (23.06.1998)

Bulgarian Stock Exchange-Sofia and BIC Capital Market Ltd. signed a contract for cooperation in the information services connected with Bulgarian Capital Market, stock exchange operations and dealing in securities on June 23, 1999. According to the current contract BIC Capital Market Ltd. will provide public free and subscribed access to Bulgarian Enterprise Information System (BEIS) though the web-page of BSE-Sofia. BEIS will provide public information for all deals in securities struck on the pit of BSE-Sofia.
Source: Capital market (23.06.1998)

On July 6 on "Bulgarian Stock Exchange - Sofia" JSC will be offered for sale the shares of former PF "Doverie" JSC. Last week for the first time on the stock exchange were traded the shares of "Petrol Holding Group" JSC and "Melinvest" JSC.
Source: Kontinent (06.07.1998)

PA adopted rules for selection of privatization intermediaries for public offering of shares. The list of enterprises to be offered for sale on the stock exchange will be amended by PA according to the interest in their privatization.
Source: Pari (17.07.1998)

Shares of Chimmmash JSC will be privatized on the stock exchange. The Board of Directors of Bulgarian Stock Exchange - Sofia JSC approved the privatization of the shares of Chimmash JSC on the stock exchange. 60 per cent of the shares will be privatized. The trade will start on August 10. On August 17 will start trade with shares of Industrialen Holding Bulgaria JSC.
Source: 24 chasa (04.08.1998)

The shares of "Industrialen Holding Bulgaria" JSC will be enlisted for trade on market "C" on "Bulgarian Stock Exchange - Sofia" JSC. The holding's capital amounts to BGL 17.5 billion and the initial price is BGL 1.300 per 1 share.
Source: 24 chasa (17.08.1998)

On Bulgarian Stock Exchange - Sofia JSC were sold 51 per cent of the shares of Chimmash JSC (Haskovo). Mediaries on the deal were 7M JSC and Fix Plus JSC. For acquisition of the shares were paid nearly BGL 1.035 billion.
Source: Trud (19.08.1998)

The shares of the cement plants "Zlatna Panega" JSC and "Beloizvorski Cement" JSC will be listed on the stock exchange. It is not still clear the scheme of the privatization of the state-owned plant "Vulkan" JSC (Dimitrovgrad). It was stipulated initially 80 per cent of the company's capital to be privatized.
Source: Standart (25.08.1998)

The shares of two new companies will be traded on the official market of Bulgarian Stock Exchange - Sofia JSC. These are Polimeri JSC - Devnya and former PF Multigroupelit JSC - MG Elit Holding at present.
Source: Capital (07.09.1998)

The capital of "Bulgarian Stock Exchange - Sofia" JSC will be increased up to BGL 101 million. Thus the state-owned shares in the stock exchanges' capital will be decreased from 49 per cent down to 37 per cent. 15.000 of total 18.000 of the shares offered to the shareholders of "SFB - Capital Market" JSC have been enlisted. Financial institutions have enlisted 38.000 shares and other legal entities and natural persons have enlisted 8.000 shares. The issue price of the new hares was BGL 10.000 per shares with a face value of BGL 1.000.
Source: Capital (07.09.1998)

A stake of 8 150 shares of "Bulgranit" JSC was sold on the pit of BSE - Sofia JSC. The stake represents 22 per cent of the company’s capital. "Ortfinance" JSC was investment intermediary of the deal.
Source: Pari (25.09.1998)

The Board of Directors of "Bulgarian Stock Exchange - Sofia" JSC took a decision to convene an annual General Meeting on November 13, 1998. The stock exchange admitted to the official market the shares of "AKB Corporation" JSC. The total amount of the emission of "AKB Corporation" JSC is BGL 2,843,483,000. The date of the first quotation of "AKB Corporation" JSC is October 12, 1998.
Source: Standart (02.10.1998)

"Bulgarian Stock Exchange - Sofia" JSC became owner of the former building of "Detmag", Saborna Str. Up to the present moment the building has been property of Sofia Municipality. The deal amounted to USD 1 million.
Source: 24 chasa (05.10.1998)

The shares of "Vereya" JSC (Stara Zagora) will be listed for trade at the stock exchange, was reported from the Ministry of Industry. On the stock exchange will also be traded shares of "Lesko" JSC (Sofia), "Orfey" JSC (Batak), and "Amida" JSC (Kovachevtzi). 10 to 20 per cent of the companies' shares will be offered for trade.
Source: Standart (08.10.1998)

"Bulgarian Stock Exchange - Sofia" JSC listed the newly issued shares of "Pharmatzia" JSC (Dupnitza). From the list for free trade were excluded "Zavodski Stroezhi - Kozlodui" SPJSC (Kozlodui), "Sinite Kamuni" SPJSC (Sliven), "Madara" SPJSC (Shoumen), "Sunnytex" JSC (Mezdra).
Source: Company information (14.10.1998)

Privatization Agency announced the 22 enterprises, which remaining shares will be sold on BSE - Sofia JSC. These are: ZMM - Metalic JSC (Pazardzhik) - 23.40%, ZMM - Sliven JSC (Sliven) - 29.76%, Mayak JSC (Dobrich) - 26.40%, Kremex JSC (Sofia) - 26.40%, Terma JSC (Tutrakan) - 26.40%, Sistema za Teleobrabotka JSC (Veliko Turnovo) - 21.40%, Bimas JSC (Rousse) - 16.40%, Lakprom JSC (Svetovrachane) - 21.40%, Medica JSC (Sandanski), Panayot Volov JSC - Shoumen) - 26.40%, Fohar JSC (Sofia) - 15.23%, Latex JSC (Byala) - 24.40%,Dobrudzhanska Mebel JSC (Dobrich) - 24.40%, Bulgaria - K JSC (Kazanluk) - 19.40%, Slitex JSC (Sliven) - 19.40%, Lotos JSC (Tryavna) - 26.40%, Orbel JSC (Gotze Delchev) - 26.40%, Prista JSC (Rousse), Mesokombinat - Yambol JSC (Yambol) - 24%, Mlechna Promishlenost JSC (Plovdiv) - 21%, Serdika - Stara Zagora JSC (Stara Zagora - 22%, and Raketa JSC (Omurtag) - 29.81%.
Source: Standart (15.10.1998)

Securities and Stock Exchanges Commission started investigation of the deal with shares of Polymeri JSC - Devnya on Bulgarian Stock Exchange - Sofia JSC. Last week the shares' prices increased from BGL 8.000 up to BGL 40.000. At this price were sold 7.000 of the company's shares. The deal was completed by International Bank of Trade and Development JSC.
Source: 24 chasa (21.10.1998)

"Bulgarian Stock Exchange - Sofia" JSC will induce remote trade with shares of companies from the free market. Initially in the system will be included 3 intermediaries - Bulgarian - Russian Investment Bank JSC, "Capman" JSC and 'Elana" JSC.
Source: Pari (21.10.1998)

Minor stakes of shares of three enterprises will be listed on the stock exchange by the Ministry of Industry, reported the Deputy Minsiter of Industry Mr. Marin Marinov. On the stock exchange will be traded 22 per cent of the shares of "Kranostroene" JSC (Aytos) and 6.8 per cent of the shares of "Kristal" JSC (Velingrad). Shares of "Chimmash" JSC (Haskovo) and "Mediket" JSC (Etropole) will be also traded.
Source: Kontinent (28.10.1998)

The Board of Directors of "Bulgarian Stock Exchange - Sofia" JSC listed "ELMA" JSC (Troyan) on official market segment "B". The face value of the issue of shares is in the amount of BGL 853.475.000. 853.475 personal voting shares were listed for trade. ISIN code of the issue is BG 11ELTRAT14.
Source: Capital market (04.11.1998)

The Board of Directors of "Bulgarian Stock Exchange - Sofia" JSC decided to list the following companies on official market segment "C": 1/ "Albena Invest Holding" JSC - capital of BGL 5.500.000.000; ISIN code - BG 1100046983. Face value of one share - BGL 1.000. The company will be represented by investment intermediaries "Bulgarian Post Bank" JSC and "Bulbrokers" JSC. 2/ "Neftochim Invest Holding" JSC, face value of the issue - BGL 8.012.014.500 and ISIN code - BG 1100069985. Face value of one share - BGL 3.500. The company will be represented by investment intermediary "Unionbank" JSC.
Source: Capital market (04.11.1998)

At the annual General Meeting of "Bulgarian Stock Exchange - Sofia" JSC was voted a dismissal of Mr. Victor Papazov as a member of the Board of Directors. The motive for his dismissal is his unwillingness to work together with representatives of "Sofia Stock Exchange" after its merger with "BSE - Sofia" JSC, stated the Deputy Minister of Industry and member of the Board of Directors Mr. Marin Marinov. The new member in the board is Mr. Apostol Apostolov - Executive Director of Central Depository and member of Bulgarian Association of Licensed Investment Intermediaries. At the meeting was also voted an increase in the capital of "BSE - Sofia" JSC from BGL 199 million up to BGL 263.393 million. The state-owned shares in the company's capital are in the amount of BGL 99 million and after the increase in the capital they dropped down to 37 per cent.
Source: Pari (18.11.1998)

At the General Meeting of "Bulgarian Stock Exchange - Sofia" JSC on November 18, 1998 Mr. Apostol Apostolov was elected Executive Director of the stock exchange. Mr. Apostolov was Executive Director of Central Depository. Mr. Apostolov is also a member of the Supervisory Board of Bulgarian Association of Licensed Investment Intermediaries.
Source: Capital market (20.11.1998)

SSEC found out manipulation of the prices on the stock exchange in the deal with shares of Polimeri JSC - Devnya. On October 15 the brokers of International Bank for Trade and Development concluded a cross deal for 7442 of Polimeri JSC at a price of BGL 40.000 - 300 per cent increase as compared to the previous registered deal.
Source: Pari (25.11.1998)

60.3 per cent of the shares of "Mashinoexport" JSC and 63 per cent of the shares of "Elektroimpex" JSC will be privatized through sale on "BSE - Sofia" JSC, stated the Minister of Trade and Tourism Mr. Valentin Vassilev.
Source: Pari (25.11.1998)

PA selected 15 companies the shares of which will be traded on "BSE - Sofia" JSC - "Fohar" JSC (Sofia), "Mayak" JSC (Dobrich), "Prista" JSC (Rousse), "Latex" JSC (Byala) and "Serdika" JSC (Stara Zagora).
Source: Democracy (03.12.1998)

The Board of Directors of "BSE - Sofia" JSC fixed a date for the last stock exchange session for 1998 - December 18, 1998. The first session for 1999 will be held on January 4, 1999.
Source: Pari (07.12.1998)

The Board of Directors of "BSE - Sofia" JSC registered the following companies on official market segment "B": "Troyapharm" JSC, BGL 310.498.000 total nominal of the issue, 10 per cent public share; "Antiobiotic" JSC, BGL 1.906.198.000 total nominal of the issue, 25 per cent public share.
Source: Company information (07.12.1998)

The Board of Directors of "BSE - Sofia" JSC registered on official market segment "C" - Investment company "Zlaten Lev" JSC, BGL 2.160.653.000 total nominal of the issue, 100 per cent personal voting shares. The date of the first quotes is December 14, 1998.
Source: Company information (07.12.1998)

"Sinite Kamuni" JSC (Sliven) was enlisted for trade on "BSE - Sofia" JSC. "Lactis" JSC (Byala) was excluded from the list for free trade on the stock exchange.
Source: Company information (08.12.1998)

The Board of Directors of "Bulgarian Stock Exchange-Sofia" JSC approved public offering of a minority state-owned stake of shares of "Vereya-SN" JSC (Stara Zagora) on the stock exchange. The stake includes 1,240 ordinary shares that represent 8 per cent of the company’s capital. The minimum price per share is BGL 2,220. The first sale will start on December 17, 1998. The stake of shares will be sold by the investment intermediaries "Beta Corp" JSC.
Source: Pari (14.12.1998)

The turnover on "Bulgarian Stock exchange - Sofia" JSC for 1998 was in the amount of BGL 306 billion, reported the stock exchange's Director Mr. Georgi Prohaski. In 1998 were concluded 38.000 deals. The new stock exchange session will be held on January 4, 1999. Investment intermediaries "Bulbrokers" JSC and "Unionbank" JSC were awarded for biggest turnover.
Source: 24 chasa (22.12.1998)