The Financial Supervision Commission will organize an online meeting with investment firms on the occasion of the entry into force of new legislation on prudential supervision of investment firms, established in Regulation (EU) 2019/2033 and Directive (EU) 2019/2034, and in order to facilitate the bringing of Bulgarian investment firms in line with the applicable requirements. The main aspects of the new legal framework will be presented at the meeting, as well as specific issues related to the implementation of the new framework will be discussed.
The event will take place on 28 July 2021 /Wednesday/, at 10:00 h through the Microsoft Teams platform.
You can confirm your participation by e-mail: a.boteva@fsc.bg, no later than 26 July 2021
After confirming your participation you will receive a link to the event.
By special invitation of the organizers from the Higher School of Insurance and Finance (VUZF) and the auditing companies „HLB Bulgaria“ and „Zaharinova Nexia“, Mr. Boyko Atanasov, Chair of the Financial Supervision Commission, was among the official guests of the 12th edition of national audit contest „Young Auditor“. The competition distinguishes students from all over the country, with an interest in the auditing profession, as well as traditionally popularizes it among the whole society.
“I admire the 12 years of effort to give recognition to the auditing profession. The audit is a key element in the financial sphere, in particular, in the non-banking financial sector, and the functioning of the entire system is unthinkable without it“, said the Chair of the Financial Supervision Commission addressing the organizers.
Mr. Boyko Atanasov presented the prize to the student who won first place in the contest. He addressed all the participants with the words: „Be strong, be brave, don’t be satisfied with what you have achieved today and remember that without extra effort, success is not possible. Good luck!“.
Among the special guests of the „Young Auditor“ contest were Ms. Gorica Kozhareva – Chair of the Bulgarian National Audit Office, His Eminence Bishop Pachomius of Branitsa – Rector of the Sofia Theological Seminary, Mr. Vladimir Savov – Deputy Chair in charge of the Insurance Supervision Division in the Financial Supervision Commission, Mr. Genko Nikolov – Secretary General of the Commission for Public Oversight of Statutory Auditors, Mr. Boyko Kostov – Chair of the Institute of Certified Public Accountants in Bulgaria, Mr. Stefan Belchev – Director of the Public Financial Inspection Agency and Ms. Stefka Stoeva – former constitutional judge.
In 2023, more than 50 students from 12 universities in the country took part in the contest, among them the Higher School of Insurance and Finance (VUZF), Sofia University „St. Kliment Ohridski“, University of National and World Economy (UNWE), D. A. Tsenov Academy of Economics, University of Economics – Varna, Varna Free University „Chernorizets Hrabar“, Burgas Free University, South-West University „Neofit Rilski“, New Bulgarian University, Paisii Hilendarski University of Plovdiv.
The event ended with a speech towards the students and guests by Denislav Georgiev – the winner of the 2022 contest.
The Official Journal of the European Union of 13.07.2021 published a decision of the European Commission (EC) 2021/1145 of 30.06.2021, stating that on 06.01.2021 an Annex to the Multilateral Agreement between The National Offices of the EU Member States, the National Offices of the Principality of Andorra, Bosnia and Herzegovina, the Principality of Liechtenstein, the Kingdom of Norway, the Republic of Serbia, the Swiss Confederation, the United Kingdom and the National Office of the Republic of Montenegro pursuant to Art. Article 8 (1), second subparagraph, of Directive 2009/103/EC of 16 September 2009 relating to insurance against civil liability in respect of the use of motor vehicles, and the enforcement of the obligation to insure against such liability (Directive 2009/103/EC).
In accordance with the agreement, the national offices of all Member States individually shall ensure (in accordance with the provisions of their national legislation in the field of compulsory insurance) the settlement of claims in connection with insurance events in their territory caused by such vehicles normally located on the territory of the Republic of Montenegro.
In connection with the above, the Republic of Montenegro acquires the status of an associated country to the International Agreement and pursuant to Art. 8 (2) of Directive 2009/103/EC, as of 02.08.2021, all cars registered in the Republic of Montenegro have the right to enter the territory of the EU Member States, incl. and the Republic of Bulgaria, without providing data on the available Third Party Liability Insurance and the Green Card Certificate. Therefore the border control for Third Party Liability Insurance and Green Card certificate in respect of cars from the Republic of Montenegro is waived.
The European Commission’s decision also applies to cars registered in the United Kingdom of Great Britain and Northern Ireland, as that country remains a party to the Multilateral Agreement.
The Commission approved prospectus for secondary public offering of bonds issued by municipality of Dobrich. The bonds issue has the following characteristics :
Issuer : Municipality of Dobrich Type of securities: ordinary, dematerialized, fully transferable, interest – bearing, collateral bonds Size of the issue: 2 600 bonds Nominal value: Euro 1000 per bond Annual interest rate : 6.86% Term to maturity : 60 months Payments : 10 payments
The Commission approved prospectus for secondary public offering of bonds issued by Commercial Bank “Allianz Bulgaria”. The bonds issue has the following characteristics :
Issuer : Commercial Bank “Allianz Bulgaria” Type of securities: ordinary, dematerialized, fully transferable, interest – bearing, mortgage bonds Size of the issue: 15 000 bonds Nominal value: Euro 1000 per bond Annual interest rate : 5.75% Term to maturity : 60 months Payments : every 6 months
The Commission approved prospectus for secondary public offering of bonds issued by “United Bulgarian Bank” AD, Sofia. The bonds issue has the following characteristics :
Issuer : “United Bulgarian Bank” AD, Sofia Type of securities: ordinary, dematerialized, fully transferable, interest – bearing, mortgage bonds Size of the issue: 40 000 bonds Nominal value: BGN 1000 per bond Annual interest rate : 6.625 % Term to maturity : 60 months Payments : every 6 months
The Commission approved prospectus for secondary public offering of bonds issued by “TBI Credit” AD, Sofia. The bonds issue has the following characteristics :
Issuer: TBI Credit Type of securities: ordinary, dematerialized, interest-bearing, fully transferable collateral bonds Size of the issue: 10 000 bonds Nominal value: BGN 1000 each Issue value: BGN 1000 each Term to maturity : 36 months Annual interest rate: 7.5% on annual basis Interest payments: every six months
The Commission approved prospectus for secondary public offering of bonds issued by AutoBohemia PLC. The bonds issue has the following characteristics :
Issuer: AutoBohemia PLC Type of securities: ordinary, dematerialized, interest-bearing, fully transferable bonds Size of the issue: 4 000 bonds Nominal value: BGN 1000 each Issue value: BGN 1000 each Term to maturity : 36 months Interest rate: 8.5% on annual basis Interest payments: every six months
The Commission approved prospectus for secondary public offering of bonds issued by “ProCredit Bank” AD, Sofia. The bond issue has the following characteristics :
Issuer : “ProCredit Bank” AD, Sofia Type of securities: ordinary, dematerialized, fully transferable, interest – bearing, mortgage bonds Size of the issue: 10 000 bonds Nominal value: BGN 1000 per bond Annual interest rate : 6.25 % Payments : every 6 months
The Commission entered Bulland Investments REIT into the Public Companies and Other Issuers of Securities Register. The Commission entered an issue of securities issued by Bulland Investments REIT as a result of increase in the company’s capital stock from BGN 500,000 to BGN 1,000,000 through issuance of new 500,000 pieces of ordinary, registered, dematerialized, freely transferable voting shares, having a nominal value of BGN 1 each, into the Public Companies Register for the purpose of trading these on a regulated securities market.
