Local indices has divided in their performance over the past five days - Sofix and BG 40 reported growths of respectively 0.90 % and 1.33 %, while BG TR30 and BG REIT ended in negative territory with -0.12 % and - 1.02 %. The highest turnover during the week had Agro Finance REIT (BGN 10 million), Advance Terrafund REIT (BGN 2.07 million) and Mekom (BGN 0.7 million). Namely with the last was the most attractive trade last week - over 52 % of the company's shares were subject to sale, and since late May, the decline in the share price is about 89 %. NSI announced the data on inflation - consumer price index for June 2012 to May 2012 was 99.0 %, ie, monthly inflation was minus 1.0 %. Inflation this year (June 2012 to December 2011) is 0.5 % and annual inflation in June 2012 to June 2011 was 1.6 %. Annual inflation for the period July 2011 - June 2012 to July 2010 - June 2011 was 2.7 %.

During the period January - April 2012 Bulgaria's exports to the EU decreased by 1.4 % over the same period of previous year and amounted to over BGN 7.4 billion. The main trade partners of Bulgaria were Germany, Italy, Greece, Romania and France, which formed 65.7% of exports to countries - EU members. The most significant increase was observed in exports to Slovenia and Portugal, while the largest fall was recorded in the goods exported to Luxembourg and Malta. In April 2012 exports to the EU increased by 8.2 % over the same month the previous year and amounted to BGN 2.0 billion. Imports from the EU to Bulgaria for the period January-April 2012 increased by 7.9 % over the same period the previous year and exceeded BGN 8.9 billion at prices CIF. The largest growth was recorded in imports from Cyprus and Portugal, and the largest reduction - imports from Malta and Spain, China's economy grew by 7.6 % annually during the second quarter of 2012, which is the slowest growth from 2009 onwards, while losses for Asian indices exceeded 3%. In the first quarter GDP growth on an annual basis was 8.1%.

Collective investment schemes managed by the "UBB Asset Management" reported grpwths, and best presented UBB Patrimonium Land with an increase of 0.73 %. Transactions concluded last week have intended to reach the set target weights for each of the positions in the portfolio....more »

Tihomir Nenov, risk manager