Eurohold Bulgaria booked 71.5 mln leva (36.55 mln euros) net profit for 2007, the non-consolidated financial report of the company shows. The core activities of the holding company accounted for 14.1 mln leva (7.2 mln euros) of the figure.

The income from dividends stood at 7.4 mln leva (3.78 mln euros), while profit from transactions in financial assets accounted for the rest of the figure.

The equity capital of Eurohold Bulgaria rose three-fold from 50.6 mln leva (25.87 mln euros) as at the end of 2006 to 163.9 mln leva (83.8 mln euros) a year later.

The assets of the holding company amounted to 225 mln leva (115.04 mln euros) as at the end of 2007. Investments in subsidiaries and associated companies made for 210 mln leva (107.37 mln euros) of the figure.

Over the next two years Eurohold Bulgaria will invest between 60 and 100 mln leva in the acquisition of insurance companies in the region, it emerged at today's the meeting of the company with investors.

Own funding will account for 60-70% of the planned investments in the expansion of the company.

Eurohold Bulgaria recently acquired the seventh largest insurer in Macedonia and currently is at an advanced stage of the talks for the acquisition of another insurance company in the region.

The holding company is studying the opportunities for expansion in countries such as Serbia, Turkey, Albania and Moldova.

Subholding Euroins Insurance Group, which consolidates the insurance business of Eurohold Bulgaria, plans to expand its operations to countries, such as Russia and Ukraine.