About Bulgarian Stock Exchange
The history of the Bulgarian capital market dates back from the beginning of the 20th century.
The first provisional Stock Exchange Act was adopted in 1907 and regulated the structure and functions of both the stock and commodity exchanges in the country. On April 15th 1914, under the King’s Decree №7 was established the first real Bulgarian stock exchange, named Sofia Stock Exchange. It was a market place for trading public and private securities.
Sofia Stock Exchange started its activity in January 1918. Initially there were 21 companies listed on the exchange. Trading on Sofia Stock Exchange ceased during the period November 1925 – September 1928 due to political reasons. During the world economic crisis of 1929-1933 the Exchange worked on a small scale due to the bankruptcy of a large number of local companies and low liquidity. Thereafter the realized turnover and the liquidity increased and some 30 companies were listed… Continue reading about Bulgarian Stock Exchange here.