Inactive company seeks to collect BGN 50 million on the stock exchange to invest in RES BGI Group, a public company that has so far demonstrated weak performance on the BSE, intends to collect BGN 50 million, the main part of which to invest in renewable energy sources, Nikolay Meister, Executive Director of BGI Group, said. BGI Group is virtually inactive – it has received no income for the first half of the year, while it has only made expenses on salaries and outsourcing. It has no income for the previous year as well, its audit report shows. Mr Meister commented that the network access fee that renewable energy power plants had to pay, even though temporary as the court already abolished it, has affected the cost of projects. In his words banks are also willing to credit selected renewable energy projects, Capital Daily reports.
Source: Capital (20.08.2013)

Bulgaria’s BGI Group seeks to raise EUR 25.6 mln via share issue Bulgarian real estate company BGI Group said on Wednesday it plans to raise its capital by BGN 50 million via a share issue. The company will issue 50 million ordinary shares with voting rights at an issue price of BGN 1.0 apiece. BGI Group wants to raise its capital from BGN 200,000 to BGN 50.2 million.
Source: Capital (21.11.2013)