Bulgarian Stock Exchange-sofia · BSESOF:BSE
Bulgarian Stock Exchange-sofia — Bulgarian Stock Exchange - Sofia — Conference Presentation (November 2008)
11 slides from Bulgarian Stock Exchange-sofia's conference presentation, Nov 10, 2008
Slide 1: Capital Markets – Post-crisis Development Expectations
Capital Markets – Post-crisis Development Expectations Bistra Ilkova CEO Bulgarian Stock Exchange - Sofia Frankfurt 10.11.2008
Slide 2: Global Financial Crisis
GLOBAL FINANCIAL CRISIS Global problems – global solutions Globalization of the financial markets Free movement Long-term of capital and economic services changes
Slide 3: The global crisis and the SEE countries part 1
The global crisis and the SEE countries part 1. • Pull- out by the foreign investors; • Postponement of the planned IPO’s of companies for some future period with better market conditions; • Decrease of the activity of public companies in regard to new issues of securities (capital increase, bonds,
Slide 4: The global crisis and the SEE countries part 2
The global crisis and the SEE countries part 2. SOFIX - 70% BET - 72%, AHTEX 20 - 67% MBI10 - 63.47% SASX--10 - 74.17% SASX CROBEX - 60% ISE 100 – 60%
Slide 5: The global crisis and the SEE countries part 3
The global crisis and the SEE countries part 3. Main effects from the financial crisis: crisis: • global change in the politics, linked to foreign investments; • change in the conditions for financing business and households; • delay in the realization of business plans of local producers; • unfavor
Slide 6: Business environment in Bulgaria
Business environment in Bulgaria Expected current account deficit – 24% of GDP Expected inflation rate – between 7 and 8% 10% Corporate income tax (one of the lowest in Europe); 10% flat personal income tax; 0% tax on capital gains from transactions with securities on a regulated market; 5% tax on d
Slide 7: Bulgarian capital market in 2007
Bulgarian capital market in 2007 2007 Raised capital through the capital market (mln. Euro) 2006 2007 Public Offering 27,88 156,55 Increase of Capital 202,74 215,52 Total Raised Capital 230,62 372,07 Market capitalization (BSE - Sofia) / GDP 2005 2006 2007 81 new issues admitted to trading 19.71% 31
Slide 8: Confidence and capital market
Confidence and capital market Good Transparent fundament operations Face of the Legal Bulgarian business Capital Economy Market Confidence in Confidence in the capital the Bulgarian market Business
Slide 9: Government and capital market
Government and capital market The Bulgarian government should continue to support the capital market • Preferential treatment and advantages for the public companies • privatization of majority state-owned stakes through the Exchange • realization of big infrastructure projects by raising capital th
Slide 10: Main Priorities of BSE-Sofia
Main Priorities of BSE- BSE-Sofia • Active support for the publicly traded companies. • Attracting new issuers and the popularization of the benefits and advantages of the public status among the private sector. • Financing small and medium-sized companies through the Exchange. • Introduction of new
Slide 11: Thank you!
Thank you!
Bulgarian Stock Exchange - Sofia — Conference Presentation (November 2008) on 6ix