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BNB Fixing - September 08 2008

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Bulgaria Finmin shoots down proposal to change bourse management

The vote of the Finance Ministry, which holds 44 per cent in the Bulgarian Stock Exchange (BSE), proved decisive in defeating a motion put forth by stock brokers to replace the management board of the bourse, Dnevnik daily reported.

The ministry voted against the proposal made by the Bulgarian Association of Licensed Investment Intermediaries (BALII), which pools the country's largest brokerage houses, at the BSE annual shareholders meeting on June 30.

BALII criticised the current board, mainly executive director Bistra Ilkova and board chairperson Viktor Papazov, for its managerial style and methods, disregarding brokers' opinions in the decision-making process and intransparency.

Two more issues raised the brokers' ire - BSE board's decision to keep the value of the contract with Deutsche Boerse for the use of the Xetra trading system and the decision to allocate 2.36 million leva for dividend and bonuses for the bourse's management.

The shareholders did approve one of the points on the agenda put forth by BALII, namely appointing BSE operational director Ivan Takev to the board of directors, replacing Plamen Georgiev.

June 30 2008, Source: sofiaecho.com

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Monday, September 08 2008

Expat of the Week

jgidd

I'm primarily a "Musical Man" who writes folky or psychedelic songs in English and some in Bulgarian ... read more

What`s on in Bulgaria

Theatre

  • Apollonia 2008 Festival of Arts
    What: Theatre (all plays will be staged at Otets Paissii Cultural Centre). The programme is available online
    When: August 30 to September 10
    Where: Sozopol

Cultural Institutes

  • DANA KYNDROVA, LIBUSI KYNDROVA, OCCUPATION, NORMALISATION, WITHDRAWAL
    What: A joint exhibition of photographer Dana Kyndrova and her mother, Libusi, remembering the occupation of Czechoslovakia by the troops of the Warsaw Pact forty years ago.
    When: June 30 to September 19
    Where: the Czech Centre, 100 Rakovski Str, Sofia

Art

  • GERMAN COLLECTION
    What: This general exhibition presents works by German painters from the first half of the 20th century. Executed in the style of classic German painting, the selection presents authors such as P. Pralke, H. Zeitsser, Eggert, and Arnold Baur, among others.
    When: Until September 20
    Where: Viga Gallery, 100 James Bourchier Blvd, (Kempinski Hotel Zografski), Sofia
  • LIKE MOTHER, LIKE DAUGHTER – ANI KARALAMBEVA AND NIYA ABRASHEVA
    What: Drawing on her experience and expertise as a long-time textile designer, Ani Karalambeva collaborates with her daughter Niya Abrasheva to create beauty in the ever-saturated world of fashion and interior design. The exhibition presents mixed media wall pa
    When: Until October 8
    Where: Azza Gallery of Modern Art, 25 Cherni Vruh Blvd, Sofia
  • IN PETAR ALEXANDROV’S SCULPTED WORLD
    What: For inspiration to create his delicate sculptures, Petar Alexandrov has looked to the artisanship of Bulgarian ancestors, feminine beauty and one imaginary dimension inhabited by mythological creatures. In his sculptures, Alexandrov tries to capture the s
    When: Until September 10
    Where: Minerva Gallery/Grand Hotel Sofia, 1 Gourko Str, Sofia

Live Music

  • KEITH EMERSON
    What: One of the legendary figures of UK rock in the 1960s and 1970s and progressive rock movement leader, Keith Emerson, is another exceptional musician featured this month. Emerson is famous for mixing all kinds of music styles such as classic, jazz and ethno
    When: September 7, 8pm
    Where: Antique Theatre, Plovdiv
  • DUNAV SESSION FEST
    What: Dunav Session Fest is a one-day festival in the Danube town of Silistra, in north-east Bulgaria. Lavina, Mr Hard, Fallen Angels, Eastribe, Offroad, Violentory and Response will perform.
    When: September 8, 5pm
    Where: Silistra
  • GIPSY KINGS
    What: Hot flamenco rhythms will permeate the National Palace of Culture (NDK) on September 5 when flamenco masters Gipsy Kings stage a concert in Hall 1. Mario Reyes from the legendary band Los Reyes (cousins of the Gipsy Kings) will perform with the band in So
    When: September 5, 8pm, NDK
    Where: National Palace of Culture NDK
  • DEAD METAL FROM NILE
    What: What would the Bulgarian music scene look like without some metal event? US dead metal band Nile visit Bulgaria for the first time in September. The concert is part of their first world tour as headliners. The band will be accompanied by Sweden’s Grave, A
    When: September 7, 5pm,
    Where: Blue Box Club, Sofia