Very soon on the Bulgarian market will remain not more than three professional pension insurance companies
Source: Standart (07.01.2002)

The National Insurance Institute (NII) executed late on Friday the long-expected official distribution of the citizens, who did not choose universal pension-insurance fund, was announced from the state-owned institution. All the Bulgarian citizens, born after December 31,1959 are obliged to insure themselves for a second pension in such a fund. The official distribution was for those of them, who had not chosen themselves a company by the deadline, which was September 30, 2001. Their number is 341 350.
Source: Dnevnik (24.06.2002)

The syndic of the bankrupted Bank for Agricultural Credit Mrs. Iglika Logofetova announced that she intends to sell all share participation of the bank by the end of the year. During the separation of the shares of the Bank for Agricultural Credit in Bankservice a year and a half ago the former syndic of the company Mrs. Tatyana Stefanova has neglected the requirement s of the Trade Law the shares to sold at an auction. She preferred to take into consideration the statute of the company. In accordance to this statute the shares of the company which are property of bankrupted banks will be distributed among the other shareholders. Thus Mrs. Stefanova has transferred the shares to Teximbank and Biochim.
Source: Banker (12.08.2002)

Pension insurance companies and their shareholders: PIC Doverie JSC 9 BZP - 85.33 per cent, KNSB - 13.17 per cent and five branch federations - 1.5 per cent), PIC Suglasie JSC (Orel Invest Holding JSC - 16.2 per cent, Orel G Holding JSC -40.9 per cent, BIA - 20 per cent, IC Vitosha JSC - 15 per cent, CB Bulbank JSC- 6 per cent, others - 1.9 per cent), BPIC JSC (BZP Group JSC - 67 per cent, DZI SP JSC - 27 per cent and others - 6 per cent), SCPIC Rodina JSC (Bulgarian American Enterprise Fund - 36.20 per cent, Bank DSK SP JSC - 59.30 per cent, CCU - 4.50 per cent and others), PIC Allianz Bulgaria JSC (Allianz Bulgaria Holding - 65.4 per cent, NEC - 34 per cent, and others - 0.6 per cent), PIC ING JSC 9 ING Continental Europe Holding - 100 per cent), PIJSC Newton-Power (Newton Financial Management BG Ltd. - 98.75 per cent, and others - 1.25 per cent, PIC LUKoil-garant Bulgaria JSC, LUKoil Bulgaria SP Ltd. - 50 per cent, LUKoil-Neftochim Burgas JSC - 50 per cent).
Source: Pari (27.09.2002)