Sofix registered a growth of 2.4 % last week and is very close to its levels from the beginning of the year. With the largest contribution to this increase were increases in Bulgartabac of 9.7 % and a growth of 6.35 % in Monbat, and 4.6 % in Advance Terrafund REIT. The other three indexes also ended at plus. Positive was the wave also on developed exchanges and from the exchanges tracked by us only in Hong Kong was registered a slight decline.

The week that ended on Aug 17, was rich in macroeconomic data - unemployment in July this year remained unchanged from June at a level of 10.8 %, according to data of Employment Agency. Compared to July last year, when they accounted for 9.47 %, the data show an increase. In July this year the work received just over 18,000 unemployed, with 4,000 people more than in July 2011 This is due to the larger number of new recruits, using incentives of social ministry, and those financed under the Operational Programme "Human Resources Development", it said in the statement of the EA.

On Monday, NSI announced data on inflation - the consumer price index for July 2012 to June 2012 was 101.5 %, i.e. monthly inflation was 1.5 %. Inflation from the beginning of the year (July 2012 to December 2011) was 2.1 % and annual inflation in July 2012 compared to July 2011 was 3.1 %. The average inflation for the period August 2011 - July 2012 compared to the period August 2010 - July 2011 was 2.6 %.

 In the second quarter of 2012, GDP grew by 0.5 % over the same quarter of the previous year and 0.2 % compared to the first quarter of 2012, show flash estimates of national statistics. For the same period versus the first quarter, the GDP of the EU-27 decreased by 0.2 %. In the second quarter of 2012 compared to the previous quarter, the highest growth recorded Sweden - 1.4 %, Latvia - 1.0 %, Slovakia - 0.7 %, and Romania - by 0.5 %, while Portugal, Spain, Cyprus, the UK and Italy registered a decrease by 1.2, 1.0, 0.8, 0.7 and 0.7 %.

Collective investment schemes managed by the "UBB Asset Management" reported increases, as UBB Premium Equity was the best represented fund while UBB Platinum Bond stepped back 0.27 % of its value. 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