Buyer of CEZ Bulgarian TPP gets 24.2 mln euro loan from Fibank Bulgarian logistics company SIGDA, which recently obtained regulatory approval to buy a local thermal power plant (TPP) from Czech power utility CEZ Group, said it has obtained a EUR 24.2 million secured loan from Sofia-based First Investment Bank (Fibank). The loan carries a minimum annual interest rate of 7.5%. SIGDA has pledged two land plots and a filling station as collateral. In December, SIGDA received approval from Bulgaria's Commission for Protection of Competition to acquire Varna TPP from CEZ Group for an undisclosed sum. TPP Varna, with an installed capacity of 1,260 MW, has been shut down since January 2015 due to non-compliance with environmental limits set in its permit. In October 2017, Bulgaria's energy regulator granted permission for decommissioning of three of Varna TPP's six units. The decommissioning of the three units will cost EUR 8.7 million, while the proceeds from their sale for scrap metal will amount to EUR 7.1 million .
Source: Capital (05.01.2018)

FIBank Operators Last year First Investment Bank (Fibank) granted over BGN 100 mln loans to two newly registered companies, which have acquired assets from the TV and Internet operator Net 1 and the mobile Internet provider Max Telecom. Both in the past heavily funded by the bank. Thus, the new companies registered at one address are owned by individuals outside Fibank, but the giant funding is interprited on in the telecom sector as formation of a new operator by the bank, that can be sold in the future. The risk is that two businesses that were small and could not pay their loans, even together do not make a more viable project to cover over BGN 100 million. The "fresh" news is that at the end in December, there is a guaranty of the company T.com, which bought the mobile frequencies of troubled Max Telecom in the same bank in the summer. The guarantee is clear: BGN 41 million. The loan date is July 17, 2017. That same month, the telecom regulator began a procedure for withdrawing the frequencies of Max. According to documents in the Commercial Register, FIBank has filed for enforcement of its stake - the Max Telecom trade company on July 24, and has appointed Ivan Stefanov as its manager.
Source: Capital (22.01.2018)

Bulgaria's NGF, Fibank sign SME loan guarantee deal Bulgaria's First Investment Bank (Fibank) [BUL:5F4] said on Wednesday it has signed a guarantee agreement with the National Guarantee Fund (NGF) for loans to small and medium-sized enterprises under the fund's COSME 2017 guarantee scheme. NGF will provide 50% of the guarantee for each loan, Fibank said in a statement. The term of a loan under the scheme can be up to 10 years, with the maximum amount set at 1.5 million euro ($1.9 million). The NGF's COSME 2017 guarantee scheme, financed under the EU programme for Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME), aims to improve SMEs' access to financing and support efficient investments. A total of 330 SMEs are expected to benefit from the guarantee scheme, according to the statement.
Source: Monitor (01.02.2018)

KBC-owned Bulgarian lenders UBB, CIBANK finalize merger Bulgaria’s United Bulgarian Bank (UBB), majority owned by Belgium's KBC Group, on Tuesday announced the merger of CIBANK, a wholly-owned Bulgarian subsidiary of the KBC Group, into UBB has been finalized. The reorganization of CIBANK through merger into UBB has been officially entered into Bulgaria's Commercial Register following the receipt of the needed permit from Bulgaria's central bank on Monday, UBB said in a statement. "From this date onwards, all rights and obligations of CIBANK have been transferred to United Bulgarian Bank [...] by which the process of CIBANK’s merger into UBB has been finalized." As a result of the merger the clients of CIBANK become clients of UBB, the bank added. After the merger, UBB becomes one of the largest banks in Bulgaria, with assets exceeding 11 billion levs, the bank noted. According to the latest data available from the Bulgaria's central bank, the merger will create the third largest bank by assets in the country after UniCredit Bulbank and DSK Bank. The newly formed bank is focused on servicing individuals and small and medium-sized enterprises (SMEs), UBB said. CIBANK and UBB are expected to fully complete merging their banking processes by the end of 2018, the CEO of both banks and country manager for KBC, Petar Andronov, told SeeNews in November. In October, the two Bulgarian lenders signed an agreement under which UBB will absorb CIBANK. Under the terms of the agreement, CIBANK shares will be converted into shares in UBB at a ratio of 1:0.78419, CIBANK said in a filing to the country’s commercial register at the time. In 2007, KBC Group acquired 75% of CIBANK, and in 2010 increased its shareholding interest to 100%. In June 2017, KBC Group completed the acquisition of UBB and leasing company Interlease from National Bank of Greece for a total consideration of 610 million euro. After the merger of CIBANK into UBB, twenty-one banks and five branches of foreign banks operate in Bulgaria.
Source: Capital (07.02.2018)

Bulgaria's Sopharma 2017 cons net profit falls despite higher sales Bulgarian drug maker Sopharma [BUL:3JR] said on Thursday its consolidated net profit fell to 40.1 million levs ($25.0 million/20.5 million euro) in 2017 from 50.6 million levs the year before. The drug maker's operating revenue increased to 1.03 billion levs last year, compared to 908.4 million levs in 2016, Sopharma said in an annual financial report. Sales revenue rose to 1.02 billion levs in 2017 from 885.4 million levs the year before, while financial revenue fell to 8.4 million levs from 21.9 million levs. Sopharma's total operating expenses grew to 980.9 million levs in 2017 from 855.3 million levs a year earlier. Sopharma, Bulgaria's biggest pharmaceuticals producer, has subsidiaries in Moldova, Russia, Serbia, Belarus, Poland, Latvia, Lithuania, Ukraine and Kazakhstan. As at 15:10 CET on Thursday, Sopharma shares traded flat at 4.12 levs.
Source: Capital (06.03.2018)

Sociate Generale is Leaving Bulgaria The French Societe Generale Banking Group is withdrawing from all countries in Central and Eastern Europe and is also selling its business in Bulgaria - Societe Generale Expressbank, Capital reported. According to sources, Hungary's OTP Bank, which owns DSK Bank, is conducting a survey of the French institution. The initial plan was for direct negotiation between the two, but according to two sources of Capital, another interest appeared - at the end of February an indicative offer for the package was filed by a fund of the American affiliate Apollo Global Management. But at least at this stage the price offered is low. Apollo also said they would not comment. In recent years, the fund has been actively overseeing the region, and in Bulgaria it has been among candidates for UBB, it is believed to have wanted to buy both Fibank and Piraeus Bank. The bank in Bulgaria is sold in a package with five other divisions of the French group - in Albania, Macedonia, Montenegro, Serbia and Moldova. All of them are well-run and profitable, but they also suffer from similar shortcomings - small markets where the formerly enticingly high profitability is melting and the environment is saturated and at the same time unstable from a political and regulatory point of view. Therefore, came Societe Generale's decision to withdraw from the Eastern European region from the non-strategic markets where it is not in the top 3 of market share.
Source: Dnevnik (02.04.2018)

Fibank has confirmed in front of the Parliament that it has an interest in financing the deal for CEZ with EUR 80 million First Investment Bank (FIB) sent a letter to the temporary parliamentary committee on CEZ, which confirmed that at the end of last year, it had issued a letter of support to Inercom Bulgaria for the deal for the Bulgarian assets of the energy distribution company. It stated that Fibank has an interest in financing the purchase for EUR 80 million. At the end of February, Prime Minister Boyko Borisov submitted to Parliament a report, which was provided by the Czech party. It stated that the intentions for granting loans to Inercom Bulgaria were declared by Unicredit Bulbank and First Investment Bank - amounting to EUR 180 million and EUR 80 million respectively. It is pointed out that there is also a letter from the Bulgarian Development Bank, in which it states it is ready to refinance the existing CEZ loan from the European Bank for Reconstruction and Development (EBRD) amounting to EUR 65 million.
Source: econ.bg (13.04.2018)

Technomarket increased its credit line by FIBank for another BGN 20 million Technomarket Bulgaria has increased its credit line from First Investment Bank (Fibank) by another BGN 20 million. This became clear from a new annex on the current contract signed in February 2010 between the two sides. Through it the credit line increases from the initially approved BGN 24 million to BGN 44 million. The contract with Fibank includes the company BL - Retail Real Estate, which was founded a year early, as a jointly liable debtor along with Technomarket. It is a subsidiary of the cigarette factory Blagoevgrad BT, which also owns the majority stake in Technomarket. Over the last few years, the company's revenues have been steadily declining, with only 36% down to just under USD 300 million, down from a record USD 830 million in 2008, to just 2016. Thus, Technomarket lost its lead position in the sector.
Source: Capital (02.05.2018)

Bulgarian financial regulator endorses Gradus' IPO prospectus Bulgaria's financial regulator said that it has approved the initial public offering (IPO) prospectus of local poultry producer Gradus. Gradus intends to offer up to 27.78 million shares, the Financial Supervision Commission said in a statement late on Monday. In February, Gradus said it will be seeking to raise over 100 million levs ($59.1 million/51.1 million euro) via an IPO on the Sofia bourse. The company expects its upcoming IPO to value the company between 400 million and 520 million levs. The IPO proceeds will be focused primarily on expanding breeding eggs capacity due to the high demand, Georgi Babev, a member of the company's board of directors, said last week. The company also said it expects its shares to start trading on the BSE in the middle of 2018. In 2017, Gradus posted a net profit of 39.8 million levs on 245.8 million levs of revenues. The company claims 35% share of Bulgaria's poultry products market.
Source: Capital (30.05.2018)

Bulgaria's Fibank enters strategic partnership with Erste Asset Management Bulgaria's First Investment Bank (Fibank) [BUL:5F4] said on Thursday it has entered into a strategic partnership with Erste Asset Management, offering its customers the opportunity to invest in the funds run by the Austrian financial institution. Under the deal, Fibank will offer to investors four euro-denominated investment funds registered in Bulgaria and run by the Austrian company: ESPA Bond Euro Corporate (a bond fund that invests in corporate bonds of European companies with high credit rating); ESPA Portfolio Balanced 30 (a balanced fund with moderate risk); ESPA Stock Europe (an equity fund investing in European companies); and ESPA Stock Global (an equity fund investing in companies around the world), the bank said in a statement. "The partnership with Erste Asset Management will allow us to offer our clients new investment opportunities so that they can more actively manage their savings and achieve better returns," Nedelcho Nedelchev, CEO of Fibank, said in the statement. "Our experience in investment funds and portfolio solutions within Erste Group Bank and Fibank’s positioning in the Bulgarian market make this partnership particularly special," said Heinz Bednar, CEO of Erste Asset Management. Fibank is the fourth largest bank in Bulgaria in terms of assets, according to central bank data. Erste Asset Management is a subsidiary of Erste Group and operates in Austria, Croatia, Germany, Hungary, Romania, and Slovakia.
Source: Monitor (29.06.2018)

CB First Investment Bank AD-Sofia (5F4) Notification regarding amendments to the By-Laws of First Investment Bank AD entered in the Commercial Register.
Source: BSE (18.07.2018)

CB First Investment Bank AD-Sofia (5F4) The report can be found on the financial website http://www.x3news.com/displayNovina.jsp?formid=121296&lang=en
Source: BSE (01.08.2018)

Bulgaria's Fibank Non-cons Net Profit Rises in H1 Bulgaria's First Investment Bank (Fibank) said that its non-consolidated net profit rose to BGN 45.4 million in the first half of 2018 from BGN 40.6 million in the like period of last year. The lender's net interest income decreased to BGN 121.4 million in the period January-June, compared to BGN 123.9 million in the prior-year period. Fibank's net fee and commission income fell to BGN 46.2 million in the first six months of 2018 from BGN 49.5 million a year earlier. The company's administrative expenses rose to BGN 96 million in the review period from BGN 95.5 million the year before, while other expenses declined to BGN 215,000 from BGN 12.9 million. Fibank was the fourth largest lender in Bulgaria in terms of assets as at end-May, according to data of Bulgaria's central bank.
Source: mediapool.bg (01.08.2018)

CB First Investment Bank AD-Sofia (5F4) The report can be found on the financial website http://www.x3news.com/displayNovina.jsp?formid=121858&lang=en
Source: BSE (03.09.2018)

The BSE Board of Directors has adopted the following decisions at a session held under Record of Proceedings No. 55 of 11 September 2018: I. Revision of the SOFIX index base Here follow the first fifteen (15) issues of shares meeting the requirements of Art. 9 of the Rules and of item 3 of Appendix No. 1, and classified according to items 4-7 of Appendix No. 1: BSE code Issuer Free-float market cap (BGN) Median weekly turnover (BGN) Number of deals Average value of the spread 6C4 Chimimport AD-Sofia 138672750 262711 1935 0.02505605 6A6 Advance Terrafund REIT-Sofia 102539361 123925 1546 0.01359743 3JR Sopharma AD-Sofia 225893241 108144 1476 0.01541421 5BU Bulgarian Real Estate Fund REIT-Sofia 33954443 38064 646 0.02991325 SKK Sirma Group Holding JSC-Sofia 30987378 54256 802 0.04797154 5F4 CB First Investment Bank AD-Sofia 63855000 28725 673 0.07506255 5MH M+S Hydraulic AD-Kazanlak 65997342 16381 560 0.05058748 SO5 Sopharma Trading AD-Sofia 64205405 12743 511 0.0467325 4CF CB Central Cooperative Bank AD-Sofia 48887406 15837 583 0.05022646 0EA Elana Agrocredit AD-Sofia 29468482 21180 587 0.0502549 5MB Monbat AD-Sofia 55161600 30835 474 0.059555 6AB Albena AD-Albena 67971761 14148 417 0.0606985 5SR Stara Planina Hold AD-Sofia 83051325 11594 329 0.07627606 4EH Eurohold Bulgaria AD-Sofia 110290394 10708 340 0.10014956 5V2 Holding Varna AD-Varna 85992327 11648 252 0.08198378
Source: BSE (12.09.2018)

The BSE Indices Committee has adopted the following decisions at its session dated 11 September 2018: I. With reference to item 12 of Appendix No. 1 (SOFIX Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the following free-float factors are to be valid for the next three-month period: BSE code Issuer Free-float factor 6C4 Chimimport AD-Sofia 0.2704 6A6 Advance Terrafund REIT-Sofia 0.5877 3JR Sopharma AD-Sofia 0.4148 5BU Bulgarian Real Estate Fund REIT-Sofia 0.8686 SKK Sirma Group Holding JSC-Sofia 0.6070 5F4 CB First Investment Bank AD-Sofia 0.1500 5MH M+S Hydraulic AD-Kazanlak 0.2261 4CF CB Central Cooperative Bank AD-Sofia 0.2483 0EA Elana Agrocredit AD-Sofia 0.6876 5MB Monbat AD-Sofia 0.1768 6AB Albena AD-Albena 0.3059 5SR Stara Planina Hold AD-Sofia 0.5859 4EH Eurohold Bulgaria AD-Sofia 0.3384 5V2 Holding Varna AD-Varna 0.4322 T57 Trace Group Hold AD-Sofia 0.2403
Source: BSE (12.09.2018)

II. With reference to item 14 of Appendix No. 1 (SOFIX Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the weight factors are to be specified on the basis of the Index structure as of 21 September 2018. III. With reference to item 11 of Appendix No. 2 (BGBX40 Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the following free-float factors are to be valid for the next three-month period: BSE code Issuer Free-float factor 6C4 Chimimport AD-Sofia 0.2704 6A6 Advance Terrafund REIT-Sofia 0.5877 3JR Sopharma AD-Sofia 0.4148 5BU Bulgarian Real Estate Fund REIT-Sofia 0.8686 0EA Elana Agrocredit AD-Sofia 0.6876 6S6 Sopharma Properties REIT-Sofia 0.2211 SKK Sirma Group Holding JSC-Sofia 0.6070 SO5 Sopharma Trading AD-Sofia 0.2729 5MH M+S Hydraulic AD-Kazanlak 0.2261 4CF CB Central Cooperative Bank AD-Sofia 0.2483 5F4 CB First Investment Bank AD-Sofia 0.1500 5MB Monbat AD-Sofia 0.1768 T57 Trace Group Hold AD-Sofia 0.2403 5SR Stara Planina Hold AD-Sofia 0.5859 4EH Eurohold Bulgaria AD-Sofia 0.3384 6AB Albena AD-Albena 0.3059 5DOV Doverie United Holding PLC-Sofia 0.5811 3MZ Svilosa AD-Svishtov 0.0674 5V2 Holding Varna AD-Varna 0.4322 BSO Bulgarian Stock Exchange-Sofia 0.4995 4KX Korado Bulgaria AD-Strazhitsa 0.1633 3CZ CEZ Distribution Bulgaria AD-Sofia 0.2601 57E EMKA AD-Sevlievo 0.2188 T43 Zarneni Hrani Bulgaria AD-Sofia 0.2001 4ID Industrial Holding Bulgaria PLC-Sofia 0.4503 4HE Hydraulic Elements and Systems AD 0.2020 6S7 Synergon Holding AD-Sofia 0.5002 3NB Neochim AD-Dimitrovgrad 0.2370 A72 Agria Group Holding AD-Varna 0.1796 6F3 FairPlay Properties REIT-Sofia 0.1149 5BP Billboard AD-Sofia 0.2508 6SOA Sofia Commerce-Pawn Brokerage AD 0.2900 6AM Alcomet AD-Shumen 0.0990 4I8 Industrial Capital Holding AD-Sofia 0.4876 A4L Allterco AD-Sofia 0.1532 5BR Bulgarian River Shipping AD-Ruse 0.2385 52E Elhim Iskra AD-Pazardzhik 0.2636 0SP Speedy AD-Sofia 0.1010 4L4 Lavena AD-Shumen 0.1420 7TH Tchaikapharma High Quality Medicines AD 0.0432
Source: BSE (12.09.2018)

The ECB will inspect six Bulgarian banks The European Central Bank (ECB) chose to inspect six of the largest banks in Bulgaria in connection with Bulgaria's application for membership in the EU Banking Union. The list of the three largest lenders - UniCredit Bulbank, DSK Bank and UBB, as well as First Investment Bank (FIB) will most likely enter the list. The auditors of the Restructuring Fund are expected to arrive in Bulgaria on November 10th. The Cabinet filed an official application for membership in the Banking Union on July 18th, after the government took six commitments as a condition for Bulgaria to be accepted in the ERMII "waiting room" in a letter to the EU institutions from June 29th, one of which was the entry in the Banking Union. Sofia received a political promise from Brussels to enter the ERMII and the Banking Union on the same day. According to Bulgaria's own timetable, this should be done by July 2019. The other conditions Bulgaria has committed to, are to strengthen macro-prudential supervision, control of the non-banking financial sector (especially insurance), money laundering fight, management of state-owned enterprises and the settlement of insolvency problems. In pursuit of the goal, Bulgarian government approved an action plan for joining the Banking Union and ERMII in August this year, which the Ministry of Finance confirmed that it continues to implement last month.
Source: mediapool.bg (11.10.2018)

FIBank has been fined BGN 200,000 for credit irregularities The Bulgarian National Bank (BNB) has announced for the first time on its own initiative an administrative sanction against a specific bank in the course of its regular supervisory activity. The Banking Supervision has imposed a fine amounting to the maximum allowed by law of BGN 200 000 to First Investment Bank (Fibank) for accepting as collateral for granted loan shares issued by the bank itself. This is in violation of Art. 60, para. 1 of the Credit Institutions Act, which expressly prohibits such operations. For the first time, the information was published on the BNB website in August this year, but without details concerning the name of the bank. A new message with details about the fine has appeared in October. It has become clear from this that on 10 October the credit in question has been payed off and the collateral has been erased. According to the amendments to the Law on Credit Institutions, the BNB is obliged to publish on its website information on punitive rulings for violation of the law. According to sources from Capital Daily, the loan was worth EUR 20 million and was granted to one of the major shareholders in Fibank.
Source: mediapool.bg (12.10.2018)

CB First Investment Bank AD-Sofia (5F4) The report can be found on the financial website http://www.x3news.com/displayNovina.jsp?formid=123127&lang=en
Source: BSE (01.11.2018)

CB First Investment Bank AD-Sofia (5F4) First Investment Bank, a public company, hereby extends an invitation to its minority shareholders to attend a regular meeting with the management at 11:30 on 15 November 2018 in the premises of First Investment Bank at 37, Dragan Tsankov Blvd., Sofia. Minority shareholders are kindly requested to confirm their attendance no later than 13 November 2018 by sending an email to ir@fibank.bg.
Source: BSE (08.11.2018)

Postbank buys Piraeus for EUR 75 million Post Bank is buying Piraeus Bank for EUR 75 million after the headquarters of the two institutions in Athens signed an agreement to finalize the acquisition deal. BACB and Investbank, as well as an active fund in the region, participated in the competition with offers for the purchase. The sale of the small bank has been running for months because of pressure from creditors of their Greek mother banks to split up with non-strategic assets in the southern neighbor. The result of the deal will be an improvement in the position of Postbank, which is currently the fifth largest bank on the Bulgarian market. The buyer's stated intention is to merge and thus become No. 3 on the Bulgarian bank market. After the transaction, Postbank will remain the only Greek bank in the country. As of the first nine months of this year, Postbank has assets for BGN 8.1 billion, and Piraeus Bank Bulgaria has BGN 3.1 billion. The forecasts are that Postbank's total assets after the deal will exceed EUR 5 billion, which will lead the institution ahead of Fibank and perhaps UBB, which recently ceased to be Greek after it had been acquired the Belgian KBC. According to expectations, after the deal the bank will generate revenue of EUR 150 million before provisions and a net profit of EUR 70 million. Currently, Piraeus Bank employs more than 900 people, and the branch network has 70 offices across the country.
Source: Capital (08.11.2018)

The ECB has announced which six Bulgarian banks it will check The European Central Bank (ECB) has announced the six Bulgarian banks for which an asset quality review and a stress test will be launched. This is part of the process of Bulgaria's request for close cooperation with the ECB, which is the first step towards joining the single banking union. Inclusion in it must in turn precede Bulgaria's entry into the ERM II mechanism. According to the official announcement of the financial institution, the three largest banks that will be reviewed are UniCredit Bulbank, DSK Bank, UBB, as well as First Investment Bank, Central Cooperative Bank and Investbank. "An overall assessment is a mandatory part of the process of establishing close cooperation between the ECB and the national competent authority of an EU Member State whose currency is different from the euro," the ECB said. The review of financial institutions' assets and stress tests will begin as early as this month and the results will be ready and published in July next year.
Source: money.bg (13.11.2018)

CB First Investment Bank AD-Sofia (5F4) Meeting of minority shareholders of FIBank with the management
Source: BSE (19.11.2018)

CB First Investment Bank AD-Sofia (5F4) The report can be found on the financial website http://www.x3news.com/displayNovina.jsp?formid=123746&lang=en
Source: BSE (03.12.2018)

The BSE Indices Committee has adopted the following decisions at its session dated 03 December 2018: I. With reference to item 12 of Appendix No. 1 (SOFIX Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the following free-float factors are to be valid for the next three-month period: BSE code Issuer Free-float factor 6A6 Advance Terrafund REIT-Sofia 0.5877 5BU Bulgarian Real Estate Fund REIT-Sofia 0.8686 4EH Eurohold Bulgaria AD-Sofia 0.3394 5MH M+S Hydraulic AD-Kazanlak 0.2338 5SR Stara Planina Hold AD-Sofia 0.5859 6AB Albena AD-Albena 0.3059 6C4 Chimimport AD-Sofia 0.2704 T57 Trace Group Hold AD-Sofia 0.2403 5V2 Holding Varna AD-Varna 0.3883 5F4 CB First Investment Bank AD-Sofia 0.15 5MB Monbat AD-Sofia 0.1768 SKK Sirma Group Holding JSC-Sofia 0.607 3JR Sopharma AD-Sofia 0.415 0EA Elana Agrocredit AD-Sofia 0.6876 4CF CB Central Cooperative Bank AD-Sofia 0.2483 II. With reference to item 14 of Appendix No. 1 (SOFIX Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the weight factors are to be specified on the basis of the Index structure as of 21 December 2018.
Source: BSE (04.12.2018)

III. With reference to item 11 of Appendix No. 2 (BGBX40 Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the following free-float factors are to be valid for the next three-month period: BSE code Issuer Free-float factor 6A6 Advance Terrafund REIT-Sofia 0.5877 5BU Bulgarian Real Estate Fund REIT-Sofia 0.8686 4EH Eurohold Bulgaria AD-Sofia 0.3394 4HE Hydraulic Elements and Systems AD 0.202 5MH M+S Hydraulic AD-Kazanlak 0.2338 5BR Bulgarian River Shipping AD-Ruse 0.2385 4I8 Industrial Capital Holding AD-Sofia 0.4927 57E EMKA AD-Sevlievo 0.2258 52E Elhim Iskra AD-Pazardzhik 0.2636 5SR Stara Planina Hold AD-Sofia 0.5859 6S6 Sopharma Properties REIT-Sofia 0.2221 6F3 FairPlay Properties REIT-Sofia 0.106 6AM Alcomet AD-Shumen 0.099 6AB Albena AD-Albena 0.3059 A72 Agria Group Holding AD-Varna 0.1796 3NB Neochim AD-Dimitrovgrad 0.237 4KX Korado Bulgaria AD-Strazhitsa 0.1744 SO5 Sopharma Trading AD-Sofia 0.2709 T43 Zarneni Hrani Bulgaria AD-Sofia 0.2001 6C4 Chimimport AD-Sofia 0.2704 T57 Trace Group Hold AD-Sofia 0.2403 5DOV Doverie United Holding PLC-Sofia 0.5794 5BP Billboard AD-Sofia 0.2508 5V2 Holding Varna AD-Varna 0.3883 4L4 Lavena AD-Shumen 0.142 4ID Industrial Holding Bulgaria PLC-Sofia 0.4503 3CZ CEZ Distribution Bulgaria AD-Sofia 0.2601 5F4 CB First Investment Bank AD-Sofia 0.15 6SOA Sofia Commerce-Pawn Brokerage AD 0.2929 5MB Monbat AD-Sofia 0.1768 A4L Allterco AD-Sofia 0.1552 SKK Sirma Group Holding JSC-Sofia 0.607 7TH Tchaikapharma High Quality Medicines 0.0433 3MZ Svilosa AD-Svishtov 0.0674 3JR Sopharma AD-Sofia 0.415 0EA Elana Agrocredit AD-Sofia 0.6876 4CF CB Central Cooperative Bank AD-Sofia 0.2483 0SP Speedy AD-Sofia 0.101 6S7 Synergon Holding AD-Sofia 0.5002 BSO Bulgarian Stock Exchange-Sofia 0.4995 IV. With reference to item 12 of Appendix No. 2 (BGBX40 Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the weight factors are to be specified on the basis of the Index structure as of 21 December 2018. • The free-float data on the issues of SOFIX and BGBX40 presented herein are the median value for the period 02 September - 01 December 2018. • The new free-float factors are to enter into force as of 27 December 2018. • The new weight factors are to enter into force as of 27 December 2018.
Source: BSE (04.12.2018)

The Sofia city court declared local telecommunications operator Max Telecom insolvent in a case instituted at the request of local M Sat Cable over a BGN 116.2 million debt, documents filed with the commercial register showed. In January 2017 the two companies reached an agreement that Max Telecom would repay its outstanding liabilities to M Sat Cable, which totalled BGN 67.6 million at the time, in two installments over the next two months. However, Max Telecom failed to make the two payments and subsequently accumulated further debt. The court also considered a claim by Nokia Solutions and Networks and confirmed that Max Telecom has an unpaid debt to the company amounting to BGN 2.3 million, dating from 2016. Max Telecom is owned by private investor Daniel Kupsin and local company MT Management. MT Management is a wholly-owned unit of Luxembourg-registered Luxtech Capital.
Source: 24 chasa (19.12.2018)