Management Team of Bulgarian Stock Exchange to Change in Jan 2014

The management team of the Bulgarian Stock Exchange will be changed in two months, according to the agenda of the general shareholders' meeting scheduled for January 14, 2014.

The meeting is initiated by Bulgaria's Finance Ministry, which holds a 50.05% stake of the capital of the Bulgarian Stock Exchange (BSE).

The only point on the agenda of the upcoming general meeting of shareholders of the BSE is changes to the Board of Directors, according to dnevnik.bg.

The Board of Directors is currently headed by Asen Yagodin, who also headed the Bulgarian Development Bank (BDB) until recently. The Deputy Chairman of the Board of Directors is Vasil Golemanski, Ivan Takev is Chief Executive Officer, and Lyubomir Boyadzhiev and Georgi Balgarski are members of the Board of Directors.

Meanwhile, speaking Monday at a conference on the access of Bulgarian businesses to financial instruments offered by international financial institutions, Deputy Prime Minister Daniela Bobeva confirmed that the privatization procedure for the Bulgarian Stock Exchange, which had been suspended by the center-right GERB government, had been renewed.

She said that a strategic investor was sought for the BSE that would revitalize the capital market in Bulgaria.

Bobeva, as cited by the Bulgarian Telegraph Agency, informed that the Central Depository would also be privatized.

She also made clear that the administrative burden would be substantially reduced to encourage the listing of Bulgarian companies on the BSE.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!