(C) Resurrection on the Bulgarian capital markets, a matter of action not time!

Quite often I am asked “When will there be a resurrection on the Bulgarian capital market?” Well, this a fortunetellers’ type of question I dislike a lot. It is much more meaningful to search for an answer of the question: "What should we do in order to have the resurrection?"

To see recovery of the capital market we need to necessarily have efficiently working economy, for which in turn we need investments in education, R&D and efficient capital flows to sectors with high added value.

We need to immediately adopt solutions to the educational collapse. This applies as well to the participants in the financial and capital market and their attitude to their customers. In the medium term, we should propose solutions to mitigate the negative effects of the demographic shock. The financial system must perform its default "sanitizing" role in the economy by allocating resources in meaningful and economically efficient projects. It is high time we eventually reduced government participation in the economy and rationalized the activities of the public administration.

The implementation of such measures in parallel with strengthening and improving the infrastructure of the capital market will be a prerequisite for recovery of the capital market.