The Crisis On The World Financial Markets Could Not Bypass Bulgaria

The Bulgarian weekly magazine "Economic life" conducted an interview with Bistra Ilkova, executive director of the Bulgarian Stock Exchange (BSE). To the question "Is the Bulgarian stock exchange influenced by the world financial crisis?", Mrs. Ilkova replied "Of course, it is".In the last year and a half Bulgaria is not "an island of tranquility" for the investors, claims Ilkova. The capital market in Bulgaria has the same characteristics as those of the developed countries. The crisis of the world financial markets could not bypass us, considering the fact that we are already a member-state of the European Union, continued the BSE director.However, Bulgaria has its own positive internal economic factors, which no one could deny, points out Ilkova. "Our observations are that the Bulgarian business has no intention whatsoever to renounce its investment programs, but it will specify and optimize them in compliance with the market conjuncture and situation in a medium term aspect."Among the accents in the interview is the introduction in Bulgaria of the German electronic system for stock exchange trade "XETRA". There has been no "squeaking" at the start of the system - on the contrary, it has been introduced in complete harmony with the preliminary prepared time schedule. Even the German partners from "Deutsche boerse" were "nicely surprised" with the precision of the stock exchange teams in every moment of the introduction of the project.To the question what is the current stock exchange market in Bulgaria, Bistra Ilkova replied: professional, dynamic and to a certain extent unpredictable, but by no means calm.The capital market in Bulgaria is regulated by a legislation, harmonized with the European one, but apart from the legislation, the market is driven by many external and internal factors, which determine its risky character."Throughout the world, it is obligatory every investor to be informed about the risks in investing in financial instruments, namely that their prices might go up or down and the profits are not guaranteed" - warned the executive director of the Bulgarian stock exchange.