Mon, 05/12/2016
The Bulgarian Capital Market Development Council approves a strategy for market development. By Kristina Spasova, Relationship Manager, GSS Bulgaria
The Strategy for the Development of the Bulgarian Capital Market has been approved mid-November. It lists the following main measures:
- Amending the local financial markets’ laws to remove existing regulatory and administrative burdens;
- Enabling the financing of public offerings of financial instruments through operational programmes and EU funds;
- Stimulating small and medium-size enterprises to raise capital on the capital market;
- Providing local investors access to foreign markets via the Bulgarian Stock Exchange;
- Activating the trading of shares of companies listed on the Bulgarian Stock Exchange as a result of mass privatisation in Bulgaria;
- Listing Bulgarian government bonds on the Bulgarian Stock Exchange;
- Exploration of the possibilities to provide access to existing CCP in the European Union;
- Establishment of derivatives market infrastructure;
- Listing of large state-owned companies on the Bulgarian Stock Exchange
- Establishment of securities lending (lending pool)
- Financing of infrastructural projects on the capital market
- Design a roadmap for accessing Target2-Securities (T2S)
Kristina Spasova
Relationship Manager
GSS Bulgaria