Bulgarias stock exchange emerged the best performer locking in the highest growth in the past five years, the UK investment consultancy Halifax Financial Services said in a EU-focused survey.
On the downside, Bulgarias bourse was worst hit by the ongoing global financial crisis, the consultancy added.
Bulgarias main index, Sofix, rose 352 per cent over the five-year period through April 2008 under review. Lithuania, with its OMX index, and Romania, with BET, ranked second and third with growth rates of 309 and 299 per cent respectively.
The UK company noted that Bulgarias fast growth was largely attributable to the low starting point in 2003.
According to the survey, the best performing markets are in the new EU member states as these countries honed the attention of large foreign direct investors and headed towards gradual integration with the more developed financial markets in the EU.
Bulgarias financial market also reported the largest losses in capitalisation in the December 2007-April 2008 period. At 36 per cent, it came ahead of Cyprus (32 per cent), Romania (29 per cent), Slovenia (26 per cent), and Estonia and Greece with 19 per cent each.
On the downside, Bulgarias bourse was worst hit by the ongoing global financial crisis, the consultancy added.
Bulgarias main index, Sofix, rose 352 per cent over the five-year period through April 2008 under review. Lithuania, with its OMX index, and Romania, with BET, ranked second and third with growth rates of 309 and 299 per cent respectively.
The UK company noted that Bulgarias fast growth was largely attributable to the low starting point in 2003.
According to the survey, the best performing markets are in the new EU member states as these countries honed the attention of large foreign direct investors and headed towards gradual integration with the more developed financial markets in the EU.
Bulgarias financial market also reported the largest losses in capitalisation in the December 2007-April 2008 period. At 36 per cent, it came ahead of Cyprus (32 per cent), Romania (29 per cent), Slovenia (26 per cent), and Estonia and Greece with 19 per cent each.
