The fifth jubilee financial exhibition Banks, Investment, Money
From 15 through 17 February this year Plovdiv hosted the jubilee financial exhibition Banks, Investment, Money.
The forum was attended by more than 45 companies covering the entire spectrum of financial services – commercial banks, insurance companies and brokers, pension and health insurance companies, investment intermediaries.
The forum days were accompanied by a conference named „The role of the financial institutions for the successful absorption of the EU Structural Funds, factor for economic growth“.
Mr. Ivo Gruev – deputy CEO of Bulstrad made a presentation entitled: “The development potential of the Bulgarian insurance market within the Single European market for Financial Services and in the conditions of an intensive competition”.
The material reviewed the development prospects of the Bulgarian insurance industry within the Single European Economic Area, the effects of increased competition resulting from the transposition in the local legislation of the main principles regulating the Single European market for Financial Services: „right to establishment”, „free delivery of services”, and the “single license” of community insurers. A starting point of the analysis was the interpretation of phenomena and trends, which were observed during the same stage of the European membership of the Central and Eastern European countries, accessed during the first enlargement wave in 2004.
Among the prizes bestowed „Financial product of the year“ for 2007, insurance company Bulstrad Life was awarded in the category Life insurance and security products for its policy Critical Diseases.