Tangible market development in Bulgaria
The Bulgarian Stock Exchange AD (BSE Sofia) announced the establishment of a joint-stock company between BSE Sofia and Central Depository AD (CDAD) under the name Clear EX.
The Clear EX company serves as a stock clearing house for transactions related to electricity, natural gas and goods concluded within an organized market, as well performing other activities authorized by law.
The Clear EX company capital is approximately EUR 51,000 and its assets are divided between CDAD and BSE 60% - 40%. Since February 2018, BSE Sofia has been the sole owner of the capital of the Independent Bulgarian Energy Exchange EAD (IBEX), a company which contributes to the development of the electricity market in Bulgaria.