The capital market in Bulgaria Cover Image

Капиталовият пазар в България
The capital market in Bulgaria

Author(s): Stefan Petranov
Subject(s): Economy
Published by: Институт за икономически изследвания при Българска академия на науките

Summary/Abstract: The condition and the trends of the evolution of the Bulgarian capital market are analyzed in the context of the process of incorporation of this country into the European Union. A comparison is performed of the characteristics of the capital market in Bulgaria with the markets of other countries in transition of Eastern Europe. Resulting from this analysis is the conclusion that at the present stage the capital market in Bulgaria has a low level of performance in the sense that it does not carry out any of the functions that characterize its role in the developed market economies. It maintains the point of view that in consequence of the low level of performance of the capital market, the growth of the economy is slowed and the real value of savings is undermined. Well grounded is the view that there are some signs of a substantial shortage of financial instruments suitable for the investment profile of institutional investors. Debated are the possible measures for further building up of the market and increase of its performance, as well as probable negative consequences in case that such measures have not been adopted.

  • Issue Year: 2002
  • Issue No: 4
  • Page Range: 23-40
  • Page Count: 18
  • Language: Bulgarian