AUCTION CALL
On November 6, Sofia’s Municipal Privatisation Agency will auction 65.55 per cent of Municipal Insurance Company at a calling price of 9.6 million leva, SeeNews wire agency said.

MARKET PROJECTIONS
DZI insurance, majority-owned by Belgium’s KBC, expects the country’s general insurance market to grow by up to 16 per cent this year from 1.27 billion leva in 2007, the Bulgarian daily Pari said, as quoted by SeeNews wire agency. The market will see a 14 per cent and 16 per cent expansion in 2008, the executive director of DZI insurance, Nedyalko Chandarov, told Pari. Earlier this year, Chandarov said that DZI expected a 14 per cent increase in 2008, a gross premium income of 200 million leva.

RAISED INTERESTS
Societe Generale Expressbank has raised company interests with its Tempo Capital product, the Bulgarian daily Pari wrote. The increase is three to four per cent in leva, while in euro the interest grew from the current two per cent to 2.75 per cent. Tempo Capital product allows companies to manage their finances more efficiently, to deposit idle money for a minimal term of two days and withdraw it whenever needed. By the end of June 2008, SG Expressbank had raised deposits of almost 1.8 billion leva.

PRIORITY
Holders of MasterCards issued by the Economic and Investment Bank (EIBank) will get a free membership in Priority Traveller and Priority Pass programmes of Priority Collection Limited company, Pari said. The two programmes are aimed at people who do a lot of travelling. They provide reservations and facilitated procedures for accommodation in more than 80 000 hotels worldwide, as well as 30 per cent discounts for car rentals, and also provide special care in the case of lost luggage at the airport. Besides all this, cardholders are entitled to use up to 550 VIP areas at international airports, regardless of the airline with which they fly – be it a regular operator or a no-frills airline.

CAPITAL HIKE
On August 10, Eurohold Bulgaria increased the capital of its subsidiary EuroIns Insurance Group (EIG) to 239.46 million leva, Investor.bg said. The capital was raised through a cash contribution of 48.18 million leva. On the same day, management changes were also noted on the commercial register when Kiril Boshov stepped down as executive director of EIG and was replaced by Zlatolina Mukova. Boshov took over as board chair of EIG to replace Velislav Hristov, who will stay as a board member.