Strategy for the overall development of BSE-Sofia during the period 2008-2010

Thursday, 10 April 2008

The major event for the Bulgarian capital market in the first quarter of 2008 was the introduction of the Analysis of the Bulgarian capital market and Strategy of BSE-Sofia for its development for the period 2008-2010. Creation of the Analysis and Strategy document was initiated by the senior management of BSE-Sofia as an expression of its commitment to the midterm perspectives of the local capital market.
The main short-term priority of BSE-Sofia is the implementation of the platform used by Deutsche Borse, Xetra, as a main trading system. According to the current plans, the commencement of trading on Xetra should start in mid-2008. Another main objective for BSE-Sofia will be to increase the number, volume and variety of the financial instruments traded at the Exchange through attracting new local issuers, attracting foreign issuers for dual listing, stimulating the issuance of debt securities, promoting the Exchange as a vehicle for raising additional capital and introduction of new financial instruments.