What are the Effects of Housing Prices and The Reit Index in Bulgaria on the Bulgarian Stock Exchange Index
نویسنده
چکیده
A variety of transparency rules and government regulations as well as risk management policies in Bulgaria set the basis for the establishment of the young Bulgarian Stock Exchange (BSE) the way it exists today. Similar to other Eastern European countries, Bulgaria started its mass privatization process and re-established the Bulgarian Stock Exchange Market in 1995. By the end of 1999 the Bulgarian Parliament approved an act which guaranteed investor protection, market integrity, and transaction transparency in a more effective way. In October of 2000, the BSE launched its official index – SOFIX. Changes in the financial markets were accompanied by significant growth in the Bulgarian housing market. In September of 2007 the BSE launched its official Real Estate Investment Trust Index (BG REIT). The index is based on the free-float adjusted market capitalization of the twelve special investment companies in Bulgaria that operate in the field of securitization of real estate and/or land.
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