Finance

Finance Commission has issued two more licenses to do business in the area of ​​reinsurance. Financial reinsurance license is successfully expanding its insurance market in the country. A little more than a month, the insurance company was taken, together with Victoria, a member of the Bulgarian National Bureau of Motor Insurers said Insurantse. BG. Last year the company reported a premium income of more than 55 million and market share in the w percent, which ranked him fifth in the insurance market. At the end of 2010 Leo Ince became the first insurer that "Bulgarian Posts" signed an agreement to provide insurance for employees in post offices.

Plovdiv Municipality today signed an agreement with Raiffeisen Bank loan almost 50 million to repair roads in the city, said the municipality. The first 10 million will come into the city treasury at once, and will begin work on 11 projects of the municipality's investment program for this year. Loan from Raiffeisen Bank will be used mainly for construction, renovation and upgrading of 250 transportation projects, boulevards and streets in Plovdiv. It is granted for 15 years and h year grace period on principal and 2-year fee.

"Raiffeisen Bank" is officially presented its fourth branch in the city of Bourgas, on the Piccadilly hypermarket, at the opening of the Bulgarian supermarket chain store in the residential complex "Sunrise in the city, said the bank. With offices in Piccadilly, the bank expanded its presence in the city as possible to facilitate access for all citizens and customers at the shop to banking services. Raiffeisenbank branch store chain Piccadilly provides banking services to customers in real time and provides all services for citizens and businesses. Raiffeisen Bank branch network reached 85 branches. Bank has 13 jobs in the offices of the National Agency ( NRA) in the country.

1SH August starts public offering Alpha Index Top 15 "- the first index mutual fund in Bulgaria, as is evident from the publication in" Official Gazette ". Portfolio Alpha Index Top 15 index will follow the structure of the magazine 15, which includes the 15 largest and most liquid companies in the Bulgarian capital market. total capitalization of the 15 largest companies in the index data from the end of trading today was 53ch0 million leva "Previous observations have shown that interest in this investment scheme will be significant. Even before the start has a lot of investors are looking for, please contact us for more information and to ask when they can buy stocks, "said Peter Vasilev, investment adviser to the company." I think it will mainly be of interest to investors is simple and opportunity at any time they know that in the portfolio and how to move their investments. Of course, cost reduction, is also a plus. As for the possibility to meet a few index funds based on other indices, it does not bother us as long as the indices are well structured and sufficiently representative and recorded in a clear and transparent manner, added investment adviser.

First Investment Bank has increased the maximum amount of micro-credit for business from 30 000 to 50 000 leva (or the equivalent in euros or U.S. dollars). This saobshtihoa yesterday the bank, controlled by Maya Georgieva, quoted by the newspaper Monitor. "Turbo" loan is intended for producers, traders and freelancers are provided in the manner and minimum documentation. Maturity, depending on the purpose of the loan. If working capital, up to 2 years, respectively, for investment loans up to 7 years, overdrafts -1 years, rotating at the end of the period. When kandidstvane for FIB does not require the history of business or business plan. The purpose is discussed with a specialist and offers the most suitable loan scheme. Clients can be applied not only in the offices of the bank, but the site repository. 2h hours after filing the necessary documents the bank gives the answer. The fee for a loan is 1% per annum. And interest rates for services shall only be payable on the remaining unpaid amount.

The quality of the active porfolio of the World Bank funded project in Bulgaria has increased reaching udovletoritelna assessments for all projects, it became clear after a meeting between representatives of financial institutions with the Bulgarian government will be held today. The extent of absorption of funds of the bank at the end of July, 200sh totaled 31.2 percent, well above the average level of use of the funds of the bank (2h%) and higher levels of absorption in the countries of Eastern Europe and Central Asia (17%), and can serve as evidence of a significant acceleration implementation of measures envisaged under the project.

Sotsiete Gen Expressbank provide investment loan of $ 5 million Razgrad municipality after the contest in accordance with the law of municipal debt, the company said. Loans are available to finance the project "Rehabilitation of roads and pavements of streets in the municipality of Razgrad. Sotsiete Gen Expressbank will provide funds to loan on favorable terms for a period of 8 years with 12 months grace period, and ensure security of municipal claims. Sotsiete Gen Expressbank is a longtime partner of Razgrad Municipality and its employees in providing various banking services and products with high quality standards and European conditions.

The Financial Supervision Commission confirmed IPO prospectus 1108391ch issue ordinary shares to be issued by Chimimport announced the commission. Foreign trade giant has decided to increase its capital from BGN 118 91sh 08sh 130 million, having received sufficient publicity through a listing on the Bulgarian Stock Exchange. Today, the FSC has officially joined Chimimport as the issuer in the State Register FSY. With its release of the exchange, the holding company will be the second after the BTC of a public company with high market capitalization of the capital market in the country. Chimimport has a broad scope, main areas of acquisition of shares, restructuring and management of subsidiary companies in the portfolio, the creation of new subsidiaries, investments in fixed capital and financing companies in which Chimimport is involved. Chimimport is active in the finance and banking, transportation, commercial and industrial areas, as well as legal, consulting, accounting and advertising fields. The company is part of a group of Chimimport Invest AD, in turn, holding Chimimport has participated in the hh subsidiaries.

Around the new year, is expected to be ready to join in the plenary sessions of the law. He said the vice-president of the Parliamentary Committee on Homeland Security and Public Order Borislav Balgarin, cited by BNR. He confirmed that yesterday's meeting of the Deputies Committee decided to combine the three bills, prepared and submitted to the UDP, DRC and the BCA. By Balgarin specialized body to be established to deal with the files should work for the future of the law. It is not yet clear how to do this thing, but it would certainly be precisely defined conditions and people who may request such information to persons who will be given information, the persons who will receive information Balgarin added.

The National Assembly adopted on second reading a bill on financial collateral agreement. The law was created in accordance with the commitment of our country's commitment in the field of free movement of capital "for the Bulgarian legislation and the implementation of the date of its accession to the EU directive on financial mechanisms for security. Bill provides for the conclusion and content of contracts for financial security, said on Thursday.