Sofia Bourse CEO Urges Procurement Incentives, Tax Cuts for Public Companies

“The government can support the listed businesses by facilitating certain administrative procedures like public tenders […] and why not [grant] some tax concessions,” Ilkova told he 10th Southeast Europe Economic Forum in Sofia.

She urged the government to take steps to restore confidence in the battered capital market by bourse privatisations and by raising capital for public infrastructure projects on the stock exchange.

The Bulgarian stock exchange, alongside all the other markets in the region, has suffered heavily from the effects of the global downturn. Its benchmark SOFIX index has lost more than 70% since the beginning of the year.