The Bulgarian Stock Exchange (,

Romanized In linguistics, romanization is the conversion of text from a different writing system to the Roman (Latin) script, or a system for doing so. Methods of romanization include transliteration, for representing written text, and transcription, ...

: ''Bulgarska fondova borsa''), or BSE, is the sole licensed and operating

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

Bulgaria Bulgaria, officially the Republic of Bulgaria, is a country in Southeast Europe. It is situated on the eastern portion of the Balkans directly south of the Danube river and west of the Black Sea. Bulgaria is bordered by Greece and Turkey t ...

. It was founded on 10 October 1991. The BSE is 50.5% owned by the Bulgarian government, which is actively seeking potential investors, some of them being the

Frankfurt Stock Exchange The Frankfurt Stock Exchange (, former German name: , ''FWB'') is the world's 3rd oldest and 12th largest stock exchange by market capitalization. It has operations from 8:00 am to 10:00 pm ( German time). Organisation Located in Frankfurt, ...

, Athens Stock Exchange, OMX, and the

Prague Stock Exchange Prague Stock Exchange (PSE; ) is the largest and oldest securities market organizer in the Czech Republic. It is a 99.54 percent-owned subsidiary of Wiener Börse AG. PSE and its subsidiaries comprise the PX group. In addition to the Stock Exch ...

. The exchange has a pre-market session from 9:00 am to 9:20 am, regular trading hours from 9:20 am to 1:45 pm, and a post-market session from 1:45 pm to 4:00 pm on all days of the week except Saturdays, Sundays, and holidays.

History

The original exchange, the Sofia Stock Exchange, which had been established by a

tsar Tsar (; also spelled ''czar'', ''tzar'', or ''csar''; ; ; sr-Cyrl-Latn, цар, car) is a title historically used by Slavic monarchs. The term is derived from the Latin word '' caesar'', which was intended to mean ''emperor'' in the Euro ...

's decree in 1914, ceased to operate after the

Second World War World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the wo ...

as Bulgaria became a

communist state A communist state, also known as a Marxist–Leninist state, is a one-party state in which the totality of the power belongs to a party adhering to some form of Marxism–Leninism, a branch of the communist ideology. Marxism–Leninism was ...

. BSE's first index, the SOFIX, was created in October 2000, followed by three additional indices over the years. In January 2011, the stock exchange itself (Symbol: BSO) was added to regular market trading. In June 2018, the name of the exchange was shortened from 'Bulgarian Stock Exchange – Sofia' to 'Bulgarian Stock Exchange'. In August 2023, the company formed EuroCTP as a joint venture with thirteen other bourses in an effort to provide a consolidated tape for the

European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The u ...

as part of the

Capital Markets Union The Capital Markets Union (CMU) is an economic policy initiative launched by the former president of the European Commission, Jean-Claude Juncker in the initial exposition of his policy agenda on 15 July 2014. The main target was to create a Eur ...

proposed by the

European Commission The European Commission (EC) is the primary Executive (government), executive arm of the European Union (EU). It operates as a cabinet government, with a number of European Commissioner, members of the Commission (directorial system, informall ...

Indices

The Bulgarian Stock Exchange maintains the following indices: * SOFIX * BG40 * BGTR30 * BGREIT

References

{{DEFAULTSORT:Bulgarian Stock Exchange - Sofia Financial services companies established in 1991 Stock exchanges in Europe Economy of Bulgaria Companies based in Sofia Bulgarian companies established in 1991

History

Indices

See also

References