The total sum of the net assets till 30th September, 2004 accumulated by all three types of pension funds – voluntary, occupational, and universal– amounts to BGN 682 417 000, which is 25 % more compared to the results at the end of year 2003. The number of the social insured persons for the same period has reached 2 636 090 persons.

The bonds issue has the following characteristics :
Issuer : “Runo-Kazanlak” ADType of securities: ordinary, interest – bearing,  registered, dematerialized, fully transferable corporative bonds Size of the issue: 10 000 bondsNominal value: Euro 1000  per bondAnnual interest rate : 6 months EURIBOR + 4.4% Term to maturity : 84 months Payments : every 6 months

he bonds issue has the following characteristics :Issuer : “Kapital Direct-1” Type of securities: secured, registered, dematerialized, interest – bearing, corporate bonds Size of the issue: 2 600 bondsNominal value: Euro 1000  per bond Annual interest rate : 1 paymentTerm to maturity : 100 months

The Commission approved a Draft of Ordinance on the Terms of establishing pension reserves by pension insurance companies managing universal pension fund and/or fund for supplementary voluntary pension insurance.

The Draft can be found at the Commission internet site and it will be agreed with the corresponding persons and organizations. 

The Commission approved a Draft of Ordinance on Licensing, Authorizations and Current Supervision referred to the provisions of the Law on Insurance and the Law on Health Insurance. The draft can be found at the Commission internet site.