site.btaBulgarian Stock Exchange Presents Annual Awards

The Bulgarian Stock Exchange (BSE) recognized the top-performing investment intermediaries, banks, and public companies of 2024 at a ceremony held at Grand Hotel Sofia. The event honoured brokers who executed the highest number of transactions and achieved the highest turnover, as well as contributors who significantly advanced the development of Bulgaria's capital market in 2024.

Addressing the ceremony, Caretaker Finance Minister Martin Danovski emphasized that events like this highlight the importance of the capital market. He noted that while the capital market in the European Union plays a key role in financing the real economy, its potential has not yet been fully realized. He added that Bulgaria’s capital market, though not among the largest in the EU, is interconnected with European processes, making its activities fundamentally important.

BSE CEO Manyu Moravenov expressed gratitude to the Finance Ministry for its institutional support. He acknowledged that the stock exchange turnover at the start of 2024 fell short of initial expectations but had grown to BGN 200 million by early December 2024. "We managed to catch up in just one month," he said, adding that the BSE’s turnover increased by 24% compared to 2023, with a 14% annual growth in the number of transactions.

"2024 was a good year in terms of turnover and transactions," Moravenov concluded.

In a press release earlier in January, BSE said that its annual turnover for 2024 reached BGN 975 million, marking a 24% increase compared to 2023. The number of transactions in 2024 amounted to 77,350, reflecting a 14% growth compared to the previous year. In December, the main index SOFIX rose by 5% on a monthly basis, while its year-to-date increase reached 17%.

Award Winners at the Bulgarian Stock Exchange (BSE) Ceremony 2024

First place in the category "Investment intermediary with the highest turnover on BSE markets" was taken by EuroFinance, second place by Central Cooperative Bank, and third place by Real Finance.

First place in the category "Investment intermediary with the largest number of transactions on BSE markets" was taken by Karoll Broker, second place by ELANA Trading, and third place by BenchMark Finance.

EuroFinance was awarded as the investment intermediary with the highest turnover on the BEAM market.

Karoll Broker received the award for the investment intermediary with the largest number of transactions on the BEAM market.

Karoll Broker also won the award for the investment intermediary with the highest turnover and largest number of transactions on MTF BSE International.

Sofia International Securities, ABC Finance, and Focal Point Investments were recognized as the most active intermediaries working with issuers.

In the category for the most liquid issuer on the Premium and EuroBridge markets, first place went to Shelly Group SE, second place to First Investment Bank, and third place to Sopharma.

The award for the most liquid issuer on the Standard segment of BSE went to Doverie United Holding. Second place in this category went to Telematic Interactive Bulgaria, and third to Eleven Capital.

The company that transitioned from the BEAM market to the main market in 2024, Smart Organic, also received an award.

The award for the issuer included in the main index, SOFIX, with the highest price growth went to Bulgarian Real Estate Fund.

The award for the journalist with the most contribution to promoting the capital market in 2024 was presented to Ivan Nonchev of Darik Radio.