SOFIA (Bulgaria), March 20 (SeeNews) - The stock exchange of European Union newcomer Bulgaria said on Thursday it will try to attract public companies from other EU members to list in Sofia in order to increase market liquidity.
“The harmonisation of the legislation in the field, the introduction of a single passport and the simplified procedure for notification makes dual listing of foreign companies from the EU on the Bulgarian stock exchange relatively easy,” the Bulgarian Stock exchange (BSE) said in its development strategy for 2008 -2010.
Single passports mean that an EU-registered investment firm can operate across the union without being licensed additionally in every individual country.
Despite a rising number of initial public offerings in the last two years, the Bulgarian market has low liquidity, which hampers faster growth. The BSE's benchmark SOFIX index surged 44% last year but has lost ground in 2008.
Last month Austria's Erste Bank, listed on the stock exchanges in Vienna and Prague, floated its shares on the Romanian stock exchange, the first foreign company to do so.
Bulgaria and Romania joined the EU at the beginning of last year.
Search for: market |
Search for: index |
Search for: exchange |
Search for: Bulgaria |
Search for: Romania |
 | Research & Profiles SeeNews – Research & Profiles enables an access to over 4,000 comprehensive company and industry profiles and researches from 10 Southeast European countries. |
Terms & ConditionsPrivacyCopyrightPublished by All Data Processing. All rights reserved. Created by Ladger.
