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Bulgaria Licenses Global Markets Co as Investment Intermediary

Jul 9, 2008, 4:36:03 PMArticle by Aleksandar Tolsuzov
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July 9 (SeeNews) - Bulgaria’s financial regulator said on Wednesday it licensed Global Markets as an investment intermediary.

Bulgaria Licenses Global Markets Co as Investment Intermediary

Sofia-based Global Markets is 95% owned by businessman Pavel Kochalka and the remainder is owned by Vladimir Tsolov, the Financial Supervision Commission (FSC) said in a statement.

The company plans to operate in the European Union and on the New York Stock Exchange, FSC spokesman Milko Stoimenov told reporters.

There are nearly 80 investment intermediaries in Bulgaria.

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