Bulgarian Insurers Export 3.89 Billion Leva

Bulgarian Insurers Export 3.89 Billion Leva

Bulgarian insurers have exported a total of 3.89 billion leva in a search for higher profits.
As of end-March 2013, they managed a total of 7,261 billion leva. This is an increase by 999 million leva, or 16% in a year's time.
Only 46.4% of this money has been invested in financial instruments in Bulgaria. The rest has been exported to foreign financial hubs or funds, most of them in the EU, who offer more lucrative interest and return rates.
One third of the assets of the insurers operating in Bulgaria are in currencies other than the Lev, a recent analysis of the central bank has shown.

Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.