Elana Trading: Long Term Perspectives For Bulgarian Stocks Definitely Positive

Elana Trading: Long Term Perspectives For Bulgarian Stocks Definitely Positive

The long-term prospects before Bulgarian stocks are definitely positive, Dimitar Georgiev, financial expert and broker in Elana Trading, said at a business forum in Pleven.

In his words the main factors for the rehabilitation of stock prices and the positive development of the capital market are that “as an EU member country we are to receive money from the European funds, our macroeconomics factors are more than excellent and we have a very good tax policy.”

Georgiev, however, pointed out that we are currently witnessing the longest and deepest correction of the stock market in the country so far – stock prices have been falling for more than three months and a half.

The main indexes have lost one third of their value during the past three months, which was mainly attributed to the unfavorable situation on the global markets. The Bulgarian Stock Exchange seemed a little isolated from the global markets until last August, but since then we have been witnessing a stronger correlation, the financial expert added.

In Bulgaria right now the percentage of the population investing in stocks stays less than 1%, compared with 20% in Europe, and more than 50% in the US.

Elana Trading's national awareness campaign aims at pointing out the advantages of the capital market for the individual investor. The forums will be held in eight large Bulgarian cities, where experts will explain how we can benefit from stock trading and what are the risks the market is hiding.

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