Financial Supervision Commission approved three companies that will carry out the verification of the assets of the pension insurance companies in the country. These are PricewaterhouseCoopers Audit OOD, RSM Bulgaria OOD and HLB Bulgaria OOD. The controls cover a total of 27 universal, occupational and voluntary pension funds in Bulgaria. Reviewed by independent external experts will begin on July 15, 2016 and the results will be announced on 1 December. Pension Insurance Company Doverie and PSC DSK-Rodina have chosen their funds to be checked by PricewaterhouseCoopers Audit. Auditor RSM Bulgaria have been chosen by three companies - Saglasie - Pension Insurance Company, CCB - Sila Pension Insurance and Allianz Bulgaria. Pension funds NN Pension, Pension Insurance Company Future, Pension Assurance Institute and Pension Insurance Company Toplina will be audited by HLB Bulgaria OOD.
Source: Trud (13.06.2016)

Bulgarian microlender Easy Asset Management, which operates under the EasyCredit brand, will act as a pension insurance intermediary for local pension insurer Badeshte. Parallel to its main business on the consumer loans segment, Easy Asset Management will offer supplementary pension insurance services provided by Badeshte's three pension funds. As of March 31, Badeshte's customers reached nearly 180,000. Its net assets amounted to BGN 195 million, giving it a market share of 4.2%. EasyCredit is present in Bulgaria, Romania, Macedonia, Ukraine, Poland and Czech Republic. In Bulgaria EasyCredit employs over 3,500 credit consultants. The company has over 150 offices throughout the country.
Source: profit.bg (05.07.2016)

Bulgarian REIT Bulland increases capital via new share issue Bulgarian real estate investment trust (REIT) Bulland Investments said it had increased its capital by BGN 1.99 million to BGN 15 million through a new share issue. Bulland Investments had issued 1,990,236 new shares with a nominal value of BGN 1 each, representing 39.8% of the maximum number of shares that could have been subscribed. At least 36% of the offered 5 million shares had to be subscribed and fully paid for the issue to be successful. Bulland Investment specialises in the acquisition and leasing of agricultural land.
Source: investor.bg (09.11.2016)