Several big Bulgarian companies, among which Prista Oil, Hemus Air, BBB-Group and Bella, prepare their companies’ shares to be traded on the Stock Exchange, during 2006. It is not clear when exactly that will happen, but more and more managers and owners consider it is not a bad thing their companies to become public. If we float shares on the Bulgarian Stock Exchange, later our shares could be also traded on some overseas exchange, the chairman of the managing board of Prista Oil, Mr. Plamen Bobokov claimed.
Source: Monitor (03.01.2006)

Bulstrad insurance company is going to increase its capital from BGN 14,1 mln to BGN 19,740 mln, the Bulgarian Stock Exchange (BSE) announced. The decision was adopted in the Extraordinary General Meeting of the shareholders, held on Friday. The owners of the insurer adopted also some changes in the company’s statute. The investment intermidior, regarding the capital increasing is TBI Invest.
Source: Dnevnik (04.01.2006)

Status Capital was licensed as a management company by the Bulgarian Financial Supervision Commission (FSC). Main shareholder in the company is Status Invest, which holds 50% of the capital. The management company will offer customers a balanced fund first, which will invest in financial instruments both in Bulgaria and abroad, Status Capital CEO Maria Sivkova said. A fund focusing on the Balkan Peninsula will be opened at a later stage, as well as a fund investing in special purpose vehicles. The FSC also issued a permit to Bulland Investments, which will invest in real estate. One of the founders is Euro Ins with 30% of the capital. The supervisor also approved Bulland's prospectus for public offering of 500,000 shares with a BGN 1 par value each.
Source: Pari (26.01.2006)

On Monday, January 30, up to 25 per cent of Euro Ins’ shares will be listed on the Bulgarian Stock Exchange (BSE), the chairman of company’s board of directors, Mr. Kiril Boshov announced yesterday. The insurance company’s shares will be an object of secondary public offering on the unofficial market. The total par value of the issue is BGN 5 mln, Mr. Boshov added. The company shall not collect additional capital and the shares will be listed after 3 days on the additional market, the managing board pointed out. Euro Ins is the first insurance company in Bulgaria, which wished to be listed on the Stock Exchange.
Source: Monitor (27.01.2006)

Starcom Holding, the majority owner of insurance company Euroins, has promised to pay out a dividend to the amount of 20% of the insurer's profit, chairman of Euroins managing board Kiril Boshov said on Thursday, a couple of days ahead of the company's debut on the local bourse. Euroins sees 2006 revenue at around 50 mln levs, up 25% year-on-year. The insurance company will be listed on the bourse next Monday. The 23% stake that will be offered was held by former privatisation fund Eurohold. The only other shareholder in the insurance company, Starcom Holding, will retain its stake for the time being. The value at which the Euroins shares were booked at end-September - 1.2 levs, will serve as a guide price for Monday's trading session. However, brokers expect the stock to appreciate to 1.5 levs. Due to its public status, Euroins will be circulating premium income and net profit statistics and forecasts on a monthly basis. Euroins, established 9 years ago, ranked 9th in terms of premium income in January-September 2005, shows data of the insurance supervisor. Revenues added up to 25 mln levs for a market share of 3.88%. According to Euroins data, the company sold policies to the total worth of 40 mln levs in 2005, giving it a market share of 4.35%. Some 80% of its revenues are generated by auto insurance. The company's claims/premiums ratio stood at 37.3% at end-2005, unchanged from the previous year. Insurance reserves stand at 15 mln levs, gross of reinsurance. Last year's profit, which amounted to 1 mln levs, will most likely be capitalised and will go to finance a capital hike from 5 mln to 6 mln levs which the company has to perform to meet the minimum capital requirement introduced as of 2007. Euroins has 101 local offices and 227,000 clients, of which 43% are corporate. Apart from Euroins, Starcom Holding owns Starcom leasing and health fund Sveti Nikolai Chudotvorets. Euroins is the third Bulgarian insurer to go public along with DZI and Bulstrad.
Source: Dnevnik (27.01.2006)

Euro Ins JSC is one of the first insurance companies in Bulgaria that have got a license for general insurance by the new Insurance Act from 1998. It is established on March 24, 1998. The company is with authorized capital of BGN 3 mln, which is BGN 5 mln until now.
Source: Dnevnik (31.01.2006)

Some 28,901 shares of Euroins insurance company were traded even on the first day after their release on the stock exchange. The shares were traded between 2.30 and 4.20 levs as the average rate was 3.27 levs. "This was one very successful day for Euroins's shares," Kiril Boshov, chairperson of the company's board of directors, said. The net profit of Euroins is 1.02 million levs. According to Boshov, property insurance, insurance of agricultural productions and cars have good perspectives on the insurance market.
Source: Standart (31.01.2006)

Insurance company Euro Ins JSC offers preferential prices for Casco policy to all clients that buy SAAB automobiles until March 31, 2006. At Euro Ins the client with SAAB automobile will get Casco and save between BGN 1,500 and 2,500 from the insurance. The client also gets free extension for abroad with Green card. The offered attractive conditions by Euro Ins are result of the agreement between the Insurance Company, Scandinavia Motors (official dealer of SAAB for Bulgaria) and Interlease JSC.
Source: Monitor (14.02.2006)

The insurance company Euro Ins became one of the most active traded public companies. According to information from Bulgarian Stock Exchange 245 deals were made from the beginning of the secondary public offering that started on January 30 until yesterday. Totally for the period 173 791 shares to the value of BGN 616 275 were traded, and the average price for the period is BGN 3.55 per share. The capital of the company is BGN 5 mln allocated in 5 mln securities with nominal value of BGN 1 each. For the first nine months of previous year Euro Ins reported premium revenue of BGN 25.155 mln which makes market share of 3.88 per cent.
Source: Dnevnik (15.02.2006)

Starcom Leasing JSC reported income of BGN 165 000 for 2005. The company's main subject of activity is leasing financing of new automobiles and has been on the market for 12 months. It has a leasing portfolio of BGN 7 mln. The company has opened its departments in many towns including Varna, Sliven, Rousse, Plovdiv and Bourgas. At the General Annual Meeting of the company, it was decided that the capital of Starcom Leasing would be increased up to BGN 1 mln as part of the expansion of company's activity.
Source: Monitor (16.02.2006)

Euro Ins JSC expects BGN 10,5 mln premium revenue for the first quarter. This is 25 per cent more than for the same period of 2005. The forecast income of Euro Ins for the first quarter is BGN 125 000., compared to loss of BGN 83 000 for the same period last year.
Source: Sega (28.02.2006)

Bulgaria’s Euroins expects BGN 10.5 million premium income for the first quarter of 2006, up by 25% year on year. The company publishes its projections because it has promised to inform shareholders about the expected results by the 28th of each month, management board chairman Kiril Boshov said. For the first quarter of 2005 Euroins posted a BGN 83,000 loss. However, the company expects a BGN 125,000 profit for January-March 2006, based on the January results, Boshov added. Since the beginning of January Euroins has been public company. The management plans to distribute at least 20% of the profit as dividends, the free float will range between 20 and 25%. Currently the free float stands at 5%.
Source: Pari (28.02.2006)

Bulgarian insurance company Euroins reported a profit of BGN 1.39 mln for 2005, sharply up from BGN 593,000 a year earlier. The managing board has suggested to allocate 10% to reserves, pay out BGN 250,000 as dividend and use the remainder to raise the capital of the company from BGN 5 mln to BGN 6 mln. Premium income jumped 37% to BGN 40.3 mln in 2005. The company expects to cruise to a Q1 profit of BGN 10.5 mln.
Source: Dnevnik (08.03.2006)

Bulgaria's Euroins will raise its capital by BGN 1 million using its 2005 profit. The decision is expected to be voted by the shareholders on April 21. The management board proposes that 20% of the profit should be distributed as dividend. The audited financial reports of the insurance company show a net profit of BGN 1.39 million for 2005, or 2.3 times the profit for 2004. This will be the first general meeting after Euroins was listed on the stock exchange. The shareholders are expected to approve the distribution of BGN 250,000 of the profit as dividend. As much as 10% will be allocated to the reserves. The remainder will be used to increase the comapny's capital from BGN 5 million to BGN 6 million. Shareholders will receive new shares in a 5:1 ratio. Euroins's equity capital exceeded BGN 7.2 million at the end of 2005, the company said. The net premium income increased by 63% to BGN 26.3 million.
Source: Pari (08.03.2006)

Universal Properties special purpose vehicle (SPV) will construct a residential building in Sofia's Lyulin district and a business building in the Druzhba district. Shareholders of the company will empower the board of directors on May 6, 2006 to carry out deals under the Public Offering of Securities Act for the funding of the projects. The SPV will purchase a plot for the construction of the residential building and will acquire the construction rights for the business building project. The business building will have either three of four storeys and the entire office space will be rented out. The prospectus for the public offering of the shares of Universal Properties will be ready by the end of May 2006, at the latest, Ilian Stoyanov, executive director of the company said. The authorised capital of the company stands at BGN 500,000.
Source: Pari (15.03.2006)

For the first two months of the year the insurance company Euro Ins reported 25 per cent increase of the premium income. On the basis of the reported financial results for January and February Euro Ins said that the recently reported forecast for premium income of BGN 10,5 mln for the first quarter will become reality. Until the end of February the realized income of insurance premium amounted to BGN 6,95 mln, added the company. For the first three months of 2005 the premium income was BGN 8,43 mln with growth of 5,23 per cent from 2004.
Source: Monitor (29.03.2006)

Property fund Bulland Investments has successfully hiked its capital to 1 mln levs after investors subscribed for the entire issue of 500,000 new shares. The exercise raised around 650,000 levs of fresh cash for the property firm. Bulland Investments has so far bought a total of 259 ha of agricultural land. Insurance company Euro Ins is among the co-owners of the property fund with a stake of 30%.
Source: Dnevnik (30.03.2006)

Publicly traded insurer Euroins has decided to use BGN 1 mln of last year’s profit of BGN 1.392 mln to raise its capital to BGN 6 mln. The company will pay a gross dividend of BGN 0.05 per share for 2005. Another listed insurer that will raise capital is Bulstrad. The company will issue 1.41 mln rights. Each right will consist of the right to subscribe for 0.4 of the 564,000 news shares that will be floated at a nominal and issue price of BGN 10. The exercise should raise Bulstrad’s capital to BGN 19.74 mln.
Source: Dnevnik (25.04.2006)

Bulgarian insurance company Euroins said it will distribute gross dividend of 0.05 levs per share for '05. The company has allocated 250,000 levs for the dividend payouts. Ten percent of last year's profit of 1,392,642 levs will be transferred to reserves. Another 1 mln levs will be converted into capital. The exercise will enlarge the company's capital to 6 mln levs through the issue of 1 mln voting shares.
Source: Dnevnik (28.04.2006)

Euro Ins JSC - Sofia, Bourse code EURINS, the annual general meeting of which was held on April 21, 2006, will distribute gross dividend for the year 2005 of BGN 0.05 per share (net amount BGN 0.0465). Euro Ins JSC - Sofia reported a profit for 2005 in the amount of BGN 1,392,642.67, which shall be allocated as follows: 10- per cent – to the Reserves fund; BGN 3,378.40 to Retained Earnings, and BGN 250,000 – as dividends. The company will use the residual BGN 1,000,000 for capital increase.
Source: Capital market (02.05.2006)

Eurohold posted BGN 936,000 non-consolidated net profit for the first quarter of 2006, a turnaround from the BGN 8,000 loss posted for the corresponding period a year ago. As a result of deals made on the Bulgarian Stock Exchange (BSE) in the first quarter of 2006, Eurohold's equity stake in insurance company Euroins has decreased to 17% as of March 31, 2006.
Source: Monitor (05.05.2006)

Bulgarian insurance company Euroins, 77%-owned by Starcom Holding, said in a filing with the Bulgarian stock exchange that H1 net profit is seen at 350,000 levs, up 125% year-on-year. Q2 net profit is expected to come in at 200,000 levs with premium income rising 10% year-on-year to 10.5 mln levs. Q1 premium income increased to 10.3 mln levs versus 8.47 mln levs a year earlier. In 2005, Euroins reported premium income of 40.3 mln levs, up 37% year-on-year.
Source: Dnevnik (31.05.2006)

The rights from the capital increase of Bulgarian insurer Euroins will start trading on June 28, the Bulgarian bourse said on Thu, June 15. The company will float 1.5 mln new shares with nominal value of 1 lev and issue price of BGN 3.3 . The minimum subscription target is 500,000 rights. The insurer earlier this year raised its capital from BGN 5 mln to 6 mln, sourcing it from last year's profit of BGN 1.392 mln .
Source: Dnevnik (16.06.2006)

Rights, enabling the subscription of shares issued as part of the capital raise operation of Euroins, will begin to be traded on the Bulgarian Stock Exchange (BSE) as of June 26, 2006. Trade will continue until July 7. The last date for the transfer of the shares is July 11. The unexercised rights will be offered on July 18 at an auction organised by the BSE. The deadline for subscribing the newly-issued shares is August 2, 2006. Euroins offered for subscription 1.5 million shares. At least 500,000 have to be subscribed and paid in order for the capital of the company to be raised. Four new rights allow the subscription of one new share. A total of 6 million rights will be offered to shareholders, one for every old share. Investors will receive rights only for the shares purchased on BSE by June 16 and transferred by June 20. The par value of the new shares is set at BGN 3.3 per share.
Source: Pari (16.06.2006)

Starcom Holding, the majority owner of Euroins, has sold its rights for participation in the capital raise of the insurance company. The move would increase the Euroins free float to 25% after the capital raise. If the insurer successfully raises its capital to the targeted BGN 7.5 mln, the stake controlled by Starcom Holding will fall from 77% to 61%. Prior to the capital raise, Euroins trailed in terms of free float other financial companies like Central Co-operative Bank (20%) and DZI (14.5%). Euroins has already hiked its capital once this year. The company used a portion of 2005's profit to increase it from BGN 5 mln to 6 mln. Euroins debuted on the Bulgarian bourse in late January through a second offering and has rallied 18% since. Just over a month ago, Euroins said H1 net profit was seen at over 350,000 levs while Q2 premiums were seen up 20% year-on-year to BGN 10.5 mln.
Source: Dnevnik (10.07.2006)

Seven companies of the BG40 index will be replaced. The new companies are: Zlaten Lev Holding JSC – Sofia; M+S Hydraulic JSC – Kazanluk; Emka JSC – Sevlievo; St.s Constantine and Helena Holding JSC – Varna; Plovdiv BT JSC – Plovdiv; and Investor.BG JSC – Sofia. The following companies are out of the BG40: DZI Insurance and Re-insurance JSC – Sofia; Duropak - Trakia Papir JSC – Pazardzhik; Razvitie Industry Holding JSC – Sofia; Golden Sands JSC – Varna; Petrol JSC – Sofia; Holding Saint Sofia JSC – Sofia; and Pamporovo JSC – Smolyan.
Source: Standart (03.08.2006)

The Commission for Protection of Competition (CPC) has imposed two property sanctions worth BGN 10,000 each to Euroins, a Bulgarian insurance company. The case was initiated at the request of Lev Ins and concerned two commercials of Euroins's third-party motor liability insurance that were broadcast in December 2005. The commercials advertised the product as payable in monthly installments. According to the anti-trust body, the advertisements were misleading to potential consumers.
Source: Pari (09.08.2006)

The successful capital raise of Bulgaria's Euroins has increased the company's free float to 27%. The capital rose from BGN 6 million to BGN 7.5 million. All shares were subscribed and paid by the August 2 deadline. The shares have a par value of BGN 1 and an issue value of BGN 3.30. The equity capital of the insurance company exceeds BGN 13 million. The new shareholders include Bulgarian and foreign institutional investors, Euroins said.
Source: Sega (11.08.2006)

Bulgaria's Euroins expects a BGN 10.6 million premium income for the third quarter of 2006, up by some 30% year on year. For the corresponding period in 2005 the insurance company posted a BGN 8 million premium income. For the first nine months of the current year the premium income is expected to increase by 19.5% to BGN 30 million. The forecast is based on Euroins's premium income in July, which stood at BGN 4 million, compared with BGN 3.1 million in July 2005. The insurer sees its profit doubling to BGN 250,000 in the third quarter of 2006.
Source: Monitor (30.08.2006)

Eurohold JSC owns 35.694% of Formoplast JSC – Kurdzhali’s capital, as announced by the weekly briefing of the Central Depository. During the trading session on August 29th, four deals including Formoplast securities were completed, totaling 79 809 securities, or 35.71% of the company’s capital. In a single transaction, Eurohold bought 60 thousand units, representing 26.85% of the company at a price of BGN 21.00, while later increased it’s participation in the company, after purchasing 19600 shares, or 8.77%, at the same price.
Source: Monitor (05.09.2006)

Capman Financial Group obtained permission from Bulgaria's Financial Supervision Commission (FSC) to enter Capman Broker into the register of insurance brokers in Bulgaria. Thus, insurance companies in the country increased to 35. Out of the total 21 specialise in general insurance, while 14 offer life insurance services. For the time being Capman Broker will specialise in general insurance. It is possible, however, that company may start offering life insurance policies in the future, representatives of Capman Financial Group told the Pari daily. Capman Broker will offer insurance intermediary services and will also develop consultancy and information activities. The company will also specialise in establishing and managing a network of financial consultants and will serve as an intermediary and an agent for Bulgarian and foreign companies. Capman Financial Group's number of companies grew to six with Capman Broker's entry into the insurance companies register. Other companies include, investment intermediary Capman, consulting company Capman In, managing company Capman Asset Management, investment company Capman Capital and mutual fund Capman Max.
Source: Pari (12.09.2006)

Bulgarian Holding Company (BHC) has acquired 231,165 lots of Eurohold JSC – Sofia, showed the weekly bulletin of the Central Depository. The transaction was performed during the trade session dated September 4, at the price of BGN 1,57 per share, or BGN 363,000. The institution points as sellers Starcom Holding and IC Euroins, which transferred respectively 9,9197% and 9,9468%, and thus sold the entire stakes held by them in Eurohold. After the transaction the stake of Bulgarian Holding Company (BHC) in Eurohold reached 27,108%.
Source: Monitor (13.09.2006)

Åuroins was established as an insurance company in 1996 with a BGN 3 million capital. It was named Euroins in 1998. The company initiated several capital raise moves and in 2005 the capital reached BGN 5 million. On the stock exchange Euroins was listed on the Bulgarian Stock Exchange in late January, which raised the number of public insurance companies to three. After secondary trade started, two capital raise operations were conducted: the first with own funds in the amount of BGN 1 million and the second with shareholders' contributions. As a result, the company's subscribed capital currently stands at BGN 7.5 million. With the start of bourse trade on January 30, the company's stock was received well by investors. Since then the shares have appreciated more than twice. The management demonstrates competence and innovativeness and the company manages to increase its share in a highly competitive environment. Euroins's portfolio includes 14 of 18 permitted types of insurance policies, or more than 40 insurance products. As is typical for a general insurance company, road transport insurance is essential for Euroins. The company specialises in package insurance products, thus securing complex service to its customers. In 2004 an insurance card system, InsCard, was implemented, allowing payments to be effected within 24 hours. Market share The insurance market in Bulgaria grows faster than the gross domestic product. Nevertheless, Euroins manages not only to preserve but also to increase its market share. In 2002 the company held just 3.63% of the market, while in 2005 it raised its share to 4.35%, more than doubling its premium income. The company has offices in 87 cities and towns and more than 4,000 employees, brokers and insurance agents. Shareholders The main shareholders in the company are Starcom Holding and Eurohold, which held 77% and 23% respectively until January 2006. The company's free float at present is 27%. Euroins generates about 50% of Starcom Holding's revenues. Another subsidiary of the holding, Starcom Leasing, specialises in car leasing and uses mainly Euroins's services. Other partners of the insurance company are GPS Control, Shell Bulgaria, Scandinavia Motors, Nissan Sofia, Eurokamion. The company achieved good results for the first quarter of 2006, posting a BGN 832,000 profit, i.e. a five-fold increase year on year. Naturally, the accounting value per share declined, due to the additional shares subscribed with own funds of the company. Despite the sensible rise in income in the past two years, the net profit for 2004 and 2005 was lower than the 2003 result.
Source: Pari (03.10.2006)

Real estate investment trust Universal Properties plans to sell the pair of real estate projects it is developing in Sofia's Lyulin and Drujba residential districts and use the proceeds to buy 2 motels in the vicinity of the Bulgarian capital. The proposal for the property disposals and acquisitions will be voted on a November 18 meeting of shareholders. Universal Properties intends to refurbish the motels and lease them to a property manager. The company plans to invest BGN 4 mln in the motel purchases. The fund is seeking BGN 2.6 mln for its office building property in Drujba which should be completed in early 2007 at the latest. The 4,500 sq m Lyulin residential development is expected to sell at 400-450 euro/sq m. Universal Properties is 30 per cent-owned by insurance company Euroins.
Source: Dnevnik (04.10.2006)

Universal Properties special purpose vehicle (SPV) was registered as a public company by the Financial Supervision Commission (FSC). The SPV issued a total of 150,000 shares each with a BGN 1 par value as part of its initial capital raise operation. Founders of Universal Properties are Universal OOD (51%), Lyubomir Manchorov and insurance company Euroins (30%). The SPV will construct a residential building in Sofia's Lyulin district and a business building in the Druzhba district.
Source: Pari (12.10.2006)

A Nov 27 general meeting of shareholders of publicly traded Eurohold will vote on a proposal to merge with Starcom Holding into a new holding structure with a capital of BGN 50 mln. The free float of the new company, to be named Eurohold Bulgaria, will be around 10-15 per cent in its first year of existence, said Starcom which owns 59 per cent of insurance company Euroins. Eurohold Bulgaria will be active in industrial manufacture, finance, real estate and the automotive sector.
Source: Dnevnik (16.10.2006)

The insurance company Euro Ins realized income of BGN 1,324 mln for the first nine months of the year. The increase of the profit compared to the previous year is 5 times, Euro Ins reported yesterday. The paid compensations amount to BGN 11,2 mln. The company’s own funds increased twice – from BGN 7,3 mln for the first nine months of 2005 to BGN 13,2 mln. The insurance reserves increased by 60 per cent – from BGN 10,7 mln in 2005 to BGN 17,3 mln in the current period.
Source: Novinar (01.11.2006)

Bulgaria has set the minimum risk premium on motor third party insurance for 2007 at BGN 126. The marketing of motor third party programs below that guidance level is not advisable and will warrant corrective countermeasures, said Ralitsa Again, deputy chair of the Financial Supervision Commission. At the moment, the local insurers sell motor third party at around BGN 100. At end-September, the average motor third party premium stood at around BGN 88. Balgarski Imoti and Allianz offered the cheapest policies - at BGN 59.8 and BGN 62, while Energia had the most expensive product at BGN 160. The end-September average motor third party claim amounted to BGN 1,053. The motor third party coverage purchased by Bulgarian motorists should become valid on EU territory as of January 1, 2007 after all member states grant their approval. However, Britain for the moment is refusing to ink the relevant documents. 'It is not clear what happens when one member state holds out,' said Again, adding that until Bulgaria is acceded to the relevant agreement, local motorists will be subject to border checks. In related news, the FSC released data for the period ended September 2006 showing that the top 5 domestic insurers - DZI, Bulstrad, Allianz, Bul Ins and Generali, are losing market share. The overall market grew 10.75 per cent over end-September 2005 to BGN 717.6 mln. Motor insurance premiums increased 7.35 per cent to BGN 442.1 mln, including an premium income of BGN 123.8 mln from motor third party.
Source: Dnevnik (20.11.2006)

Eurohold shareholders approved at a general meeting the merger between the public company and Starcom Holding. The portfolio of the newly-established Eurohold Bulgaria will comprise a total of 28 companies, including insurance company Euroins. Scandinavia Motors, Sofia Motors and Euro-Finance are among Starcom's subsidiaries. The new company is expected to be registered by the end of 2006, while its stock will be traded on the Bulgarian Stock Exchange (BSE) as of the beginning of 2007. Eurohold is yet to disclose what part of the nearly BGN 50 million capital of the new company will be offered for trade on BSE.
Source: Pari (28.11.2006)

Bulgaria's Euro Ins posted a BGN 3.9 million premium income for October and BGN 34 million for the first ten months of 2006. Until the end of the year the figure is expected to reach BGN 53 million. The company held 4% of the general insurance market last year, its current share is about 4.5%. If the annual premium target is achieved, Euro Ins's market share will top 5%. Majority owner of the company is Starcom Holding. Other subsidiaries of the holding are official dealers of Nissan, Dacia, Renault etc.
Source: Monitor (05.12.2006)

Bulgaria's financial supervision commission has relicensed 6 local insurers to sell general motor insurance, bringing to 14 the number of companies with renewed permits. Two more - Vitosha and Municipal Insurance Company, are awaiting their permits. QBE, the Bulgarian Export Insurance Agency and ING do not sell general motor insurance.
Source: Dnevnik (07.12.2006)

Euroins is the only company so far that will have its stock traded by market makers. That will be possible if the board of directors of the Bulgarian Stock Exchange (BSE) approves Euro Finance's request to play the role of market maker. We expect that that will happen until the end of the year, Euro Finance said CEO Simeon Petkov. That will be the first step to improving BSE's liquidity. Euro Finance does not have to sign a contract with Euroins, because the company meets the requirements for listing on the unofficial market, segment A, Petkov added.
Source: Pari (14.12.2006)