Recent News

Without structured reforms and strategic decision-making, Bulgaria’s capital markets will continue to struggle to reach their full potential and support a competitive economy. This was the focus of the conference "Why are capital markets in Bulgaria not thriving?", organized by the Bulgarian CFA Association. The event took place on November 11, 2025, from 6:30 p.m. to 9:45 p.m. at the Intercontinental Sofia Hotel and brought together more than 300 participants – professionals from the financial sector, representatives of state institutions, investors, and industry experts. Although the official program concluded at 9:45 p.m., discussions continued after the end, ...

On behalf of CFA Society Bulgaria, we extend our sincere gratitude to all members and guests who participated in our conference  “Reforming the Pension Model in Bulgaria” , held on 25th June, 2025, at the Hyatt Regency Sofia. We were honored to welcome distinguished speakers and panelists who shared insightful perspectives and analyses on the current challenges and future developments in Bulgaria’s pension system. The discussions highlighted the urgent need for structural reforms, enhanced financial literacy, and the importance of long-term investment strategies for pension sustainability. 🎥We are pleased to share the official video recording of the ...

No changes have been made to Bulgaria’s pension model, even as the risk of higher taxes and rising public debt grows ever more tangible. This was the central takeaway from the conference “Changes to the Pension Model in Bulgaria,” organized by CFA Society Bulgaria. The discussion brought together leading experts, including: Vladislav Goranov , former Minister of Finance Nikolay Vassilev , Managing Partner at Expat Capital, President of CFA Society Bulgaria, and former Deputy Prime Minister of Bulgaria Denitsa Sacheva , Chair of the Parliamentary Committee on Labour, Social and Demographic Policy and former Minister of Labour and Social ...

On February 29, 2025 , CFA Society Bulgaria proudly hosted the Local Final of the CFA Institute Research Challenge , followed by the CFA Charter Award Ceremony . The event attracted significant interest from the financial community, bringing together numerous CFA members, professionals, and students passionate about investment analysis. CFA Institute Research Challenge  This year’s Local Final of the CFA Institute Research Challenge featured three outstanding teams: Team Dividend Detectives – American University in Bulgaria Team Capital Explorers – American University in Bulgaria Team Equity Explorers – University of National and ...

CFA Society Bulgaria Hosts Prestigious Research Challenge Final & CFA Charter Award Ceremony CFA Society Bulgaria is pleased to invite members, candidates, and esteemed professionals to an exclusive evening celebrating financial excellence, academic achievement, and professional recognition . On 27 February 2025 , at the Grand Hotel Sofia, Triaditsa 2 Hall , we will host two distinguished events: The Final of the CFA Institute Research Challenge 2024-2025 – a premier competition showcasing the talents of Bulgaria’s top university teams in equity research. The CFA Charter Award Ceremony – a moment of recognition for our newest CFA ...

The consensus among the Bulgarian National Bank, the Association of Banks in Bulgaria, the international diplomatic elite, and the Bulgarian business community is unequivocal: Bulgaria must join the Eurozone by January 1, 2025.   This became clear at the international conference “Bulgaria in the Eurozone, When? ” in Sofia, attended by prominent figures including   Dimitar Radev , Governor of the Bulgarian National Bank,   Petko Nikolov , Minister of Economy and Industry of the Republic of Bulgaria,   Wolfgang Schüssel,   former Chancellor of the Republic of Austria,   Joseph Muscat , former Prime Minister of the Republic of Malta and MEP,   Adrian Năstase ...

On 23 February 2024, the 2024 CFA Institute Research Challenge reached a thrilling conclusion. This year, four teams stepped up, showcasing their talent and hard work through their presentations. Following an intense competition, we are proud to announce the winner:   University of Economics - Varna - Team Alpha Analysts Team Members: Zhak Semizov , Vasilena Iordanova, Mihail Mihaylov , Kalin Petrov Faculty Advisor: Krasimira Mihaylova, Ph.D. Industry Mentor: Tatyana Puncheva, CFA 🥈Closely following in second place was the American University in Bulgaria - Team Sigma ...

Top Universities to Compete in the Local CFA Institute Research Challenge hosted by CFA Society Bulgaria Students from top universities compete for a chance to advance to the next level of the world’s leading investment research competition The CFA Institute Research Challenge is a great test for all students who are bold enough to face it. But, like any great challenge, the opportunities and rewards it provides are even greater. We invite you to come take part. The Research Challenge is an annual initiative that helps university students learn best practices in equity research and how to apply them to real-world scenarios. Student teams ...

The American University in Bulgaria won the Sofia Local 2022-2023 CFA Institute Research Challenge with their analysis of the subject company Telematic Interactive Bulgaria, on 20 February, 2023. The team moves on to the Eastern Europe Sub-regional round of the competition, where they will face teams from Slovakia, Hungary, Poland, Ukraine and Uzbekistan. All teams produced high-quality written reports and showed exceptional commitment and dedication to the competition.

CFA Society Bulgaria hosted the Economic Forecast CFA Conference 2022 on Friday, 2nd December at 18:00 (6:00 pm) in Sofia, Hyatt Regency Hotel. The Economic Forecast Conference is an annual event hosted by CFA Society Bulgaria. The Forecast Conference is a prestigious event that attracts CFA Charterholders and other members of the local finance and investment community, including industry professionals, regulators, academics and media. The annual agenda is determined based on current trends and issues in the Eastern European markets and includes presentations from economists, regulators, investment professionals and/or financial consultants, followed by panel ...