By Their Fruits Ye Shall Know Them: Speculations on the Future of the Bulgarian Stock Exchange
By Their Fruits Ye Shall Know Them: Speculations on the Future of the Bulgarian Stock Exchange

Summary/Abstract: The future of Bulgaria’s capital markets is not a clear-cut case: its fate is linked to that of the global markets, the strength of the indigenous Bulgarian entrepreneurial spirit and – though this may come as a surprise to some – the immediate actions of the Bulgarian government. Here emerge two outstanding issues: one, whether the government will lend a helping hand to the Bulgarian Stock Exchange (BSE) by deciding to privatize state-owned companies via stock offerings on the exchange; and two, whether the government will sell its quite substantial shareholding in the BSE to a reputable foreign exchange operator.

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