Sofia Commodity Exchange sees fourfold increase in turnover in 2017

SOFIA, Jan. 8 (Xinhua) -- Sofia Commodity Exchange (SCE), the largest fast liquidity exchange market in Bulgaria, here on Monday reported a fourfold increase in its turnover last year.

In 2017, the annual turnover of the SCE amounted to 266.03 million Bulgarian lev (some 162.8 million U.S. dollars) and the number of deals reached 704, Vasil Simov, its Chief Executive Director told a press conference.

In 2016, the figures stood at 66.49 million lev and 494 deals respectively, Simov said.

Simov attributed the fourfold turnover jump to the increased activity of the participants of the commodity exchange.

To a great extent, the growth was also stimulated by the revival of some industries in Bulgaria, Simov added.

According to the SCE's annual review for 2017, which was presented during the press conference, deals with fuels and oil products were worth 248.79 million lev, while the grain trade and trade in chemical products amounted to 3.54 million lev and 3.34 million lev respectively. (1 U.S. dollar=1.63 Bulgarian lev) Enditem