Article: Karoll - Bulgarian Daily Newsletter - Oct 15, 2009.

Headlines

- ELARG To Outsource Accounting to ATA Consult- Bulgaria's Economy Expected to Contract by 6% in 2009 and 1.5% in 2010 - EBRD- Household Income Down 2.2% m-o-m in August - NSI- SPVs May Skip Dividend for 2008 - 2011

Overview

Market Ends the Day Slightly Higher

A wave of optimism flooded Bulgaria's capital market early on Thursday following yesterday's rally on Wall Street. The benchmark SOFIX gained 1.85% in the first 30 minutes of trading but then it started to fade and lost a large stake of what was achieved in early trading. After all, the benchmark closed at 481.88, paring its gain to 0.54%. Furthermore, the total return ...

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