The crisis on the world financial markets is affecting the Bulgarian financial market but not to
such a big extent, Deputy Prime Minister and Foreign Minister Ivailo Kalfin told journalists on Tuesday. The Bulgarian financial market possesses enough incentives and engines, capacity and instruments, he added.

Forty-five new issues have been released on the Bulgarian Stock Exchange since the beginning of the year. Such a great number of new issues is reported only on the stock exchanges in London and Warsaw, he added.

The blue-chips index on the Bulgarian Stock Exchange, Sofix, dropped by 4.18 per cent down to 894.14 points at noon on Tuesday. The BG40 index fell by 6.95 per cent down to 211.51 points. The Stock Exchange turnover was slightly over 5,200,000 leva.

Asked whether the crisis of the American International Group (AIG), owner of the Bulgarian Telecommunications Company (BTC), will affect the Bulgarian Telecom, Kalfin replied that BTC is
stable and will not go bankrupt.

Source: BTA