Commission percentage for the sale of timber of the six state forest enterprises on the stock exchanges will be fixed at 0.2%. This was announced at an extraordinary press conference by the Minister of Agriculture and Food Dr. Miroslav Naydenov. Upon the sale of timber for BGN 5 million this means that the stock brokers receive a commission at the value of BGN 10 000, and not for BGN 1.8 million as claimed by the BSP We achieved an agreement the rate to be fixed at 0.2%, which is five times less since the time of BSP management in the forestry sector, said Minister Naydenov in response to attacks by BSP MP Kornelia Ninova. At that time the commission for stock trading was 1%, "he added. He said the BSP created intermediaries throughout the chain and the commission reached 30%. The purpose of the decision to sell timber on the exchange is complete transparency and limiting the current corrupt practices in the branch.
"People who do not want to sale timber on the exchange probably protect existing corruption schemes", said Executive Director of the Sofia Stock Exchange Vasil Simov. Vasil Simov categorically refuted the attacks of the BSP that the Law on Commodity Exchanges and Wholesale Markets has been violated in the part of the selection of brokers.
"People who do not want to sale timber on the exchange probably protect existing corruption schemes", said Executive Director of the Sofia Stock Exchange Vasil Simov. Vasil Simov categorically refuted the attacks of the BSP that the Law on Commodity Exchanges and Wholesale Markets has been violated in the part of the selection of brokers.