The Commission revoked the license of investment intermediary Bulinvest& Company. The main reasons are that the company  does not comply with the legal requirements for capital adequacy and liquidity.and did not present recovery program.

With a decision of the deputy Chairman of FSC Dimana Rankva the public status of the  company “Kaproni” AD has been terminated and the company removed from the public register of the Commission.

In compliance with decision of the Deputy Chairman of FSC, Head of Investment Supervision Division, the investment intermediary „Unity Invest – 99“ AD, City of Sofia, has been suspended from executing transactions with shares, bonds, compensation instruments and investment bonds for six months period. The main reason for  the punitive  measure is the determined  infringement of the regulations of the Bulgarian legislation aiming to provide stability at trading with securities and to protect the interests of the investors.

he Deputy Chairman of the FSC, Head of Social Insurance Division set the minimum return rate of the supplementary pension funds for the period from 01.01.2003 to 31.12.2004. The minimum return rate is 6.62% for the occupational pension funds and 6.73% for the universal pension funds. For the 2-year period from 01.01.2003 to 31.12.2004 mandatory pension funds had a higher than the minimum announced return rate. Neither of the funds had more than the average weighted return rate limit at which  a reserve is set aside in the pension fund to guarantee the minimum profitability

FSC’s decisions from its meeting held on January 12, 2005:

1.The FSC approved the publishing of the following tender offer :
 – Company, object of the offer: Kaliakra AD, Town of Dobrich
– Offeror: Sereol Holding B.V., Holland  
– Authorized investment intermediary: Raiffeisen Bank
– Offered price per share: BGN 47.45

2. Adopted Instructions on submitting the necessary documents for issuance of approvals, licenses, affirmations and periodical disclosure.

Dimana Rankova, The Deputy Chairman of FSC, Head of Investment Supervision Division, has taken the decision for deletion of “Dunav Turs” AD, City of Russe from the public register of FSC.

The Commission approved prospectus for secondary public offering of bonds issued by „Autobohemia“ AD, Sofia. The bonds issue has the following characteristics :Issuer: „Autobohemia“ AD, SofiaType of securities: ordinary, interest – bearing,  unsecured, inconvertible bonds Size of the issue: 2000 bondsNominal value: Euro 1000  per bondAnnual interest rate : 6 months EURIBOR + 1.75% on annual baseTerm to maturity : 60 months Payments : 10 payments

Issuer: Texim AD
Type of securities: ordinary, registered, dematerialized, fully transferable, interest – bearing, secured bonds
Size of the issue: 2 000 bonds
Nominal value: Euro 1000 per bond
Annual interest rate: 7 %
Term to maturity: 36 months
Payments: 6 payments

Issuer: „ProCredit Bank“ AD, Sofia
Type of securities: ordinary, interest – bearing, registered, dematerialized, fully transferable, unsecured bonds
Size of the issue: 5 000 bonds
Nominal value: Euro 1000 per bond
Annual interest rate: 6.45 %
Term to maturity: 36 months
Payments: 6 payments

FSC registered with its register of public companies and other issuers the following company and its issue of securities
Issuer: ERG Capital – 1
Type of securities: ordinary, registered, dematerialized, fully transferable, voting shares
Size of the issue: 1 000 000 shares
Nominal value per share: 1 BGN
Issue value per share: 1.50 BGN