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Investing  in Bulgaria

1.1. Location and Demography 

1.2. Currency Board Guarantees Stability 

1.3. The Goal - Accession to the European Union

2. The Bulgarian Equity Market 

2.1. General Overview 

2.1.1. Background 
2.1.2. Current Situation

2.2. Regulatory Framework of the Bulgarian Equity Market 

2.2.1. Regulatory acts and institutions 
2.2.2. Securities Act was amended in 1988 
2.2.3. The Central Depository 
2.2.4. Settlement 
2.2.5. Investment Intermediaries 
2.2.6. Tax Implications

2.3. Bulgarian Stock Exchange 

2.3.1. BSE Sofia Lazard Market Index 
2.3.2. Trading on BSE 
2.3.3. Clearing and Settlement 
2.3.4. Settlement Guarantee Fund 
2.3.5. Listing 
2.3.6. Listing Requirements at BSE 
2.3.7. Information sources on the activities at the BSE-Sofia

3. Why Bulgaria? 

3.1. The Capital Market Development 
3.2. Our Forecast for the Equity Market

4. Overview of the Transition in Bulgaria 

4.1. BULGARIA: Key macroeconomic indicators (1991-1998) 
4.2. Bulgaria's Economy since 1997

5. Macroeconomic Policy 

5.1. Currency Board Arrangement 
5.2. Structural Reforms 

5.2.1. Financial Sector 
5.2.2. Enterprise Sector 
5.2.3. Privatisation

6. Legal Frame 

6.1. Forms Of Business Organizations According to the Bulgarian Law 
6.2. Taxation 

6.2.1. Direct Tax 
6.2.2. Indirect Taxation - VAT 
6.2.3. Indirect Taxation

6.3. Foreign Investment Legislation 

6.3.1. Definitions 
6.3.2. Legal and International Guarantees for Foreign Investment 
6.3.3. Establishment of Enterprises with Foreign Investment 
6.3.4. Profit and Capital Repatriation 
6.3.5. Ownership of Real Estate 
6.3.6. Inter-ministerial Groups for Institutional Support for Priority Investment Projects 
6.3.7. Concession Regime

6.4. Licensing of the Telecommunication Activities 
6.5. Major Trade Agreements 

6.5.1. WTO 
6.5.2. EUROPEAN UNION 
6.5.3. EFTA 
6.5.4. CEFTA 
6.5.5. FREE Trade Agreement with Turkey

6.6. Foreign Trade Regulation 

6.6.1. Export Regulation 

6.6.2. Import Regulation 

6.6.3. Customs Act and Tariff System 

6.6.4. Trade License 

6.6.5. Free Zones 

Real Estates

Properties for sale

Properties for sale

Properties for sale

Useful Links

Council of Ministers

The President of Bulgaria

National Assembly

Bulgarian National Bank

Ministry of Finance

Ministry of Industry

Securities Commission

Bulgarian Stock Exchange

Central Depository AD

Privatisation Agency in Bulgaria

World Bank Resident Mission in Bulgaria

Bulgarian Foreign Investment Agency