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19.02.2013

On this day BAL held its annual General Assembly. During the meeting the representatives of the member-companies discussed the financial report of the association for the year 2012 and adopted the budget for the year 2013. The General assembly also made changes in the Managing Board of the association and elected a new Сo-chairman.

14.02.2012

The annual General Assembly of BAL was held. At the meeting was discussed the financial report of the association for the year 2011, was adopted the budget for the year 2012 and were made changes in the Managing Board of BAL.

15.02.2011

The annual General Assembly of BAL was held. At the meeting was discussed the financial report of the association for the year 2010 and was adopted the budget for the year 2011.

16.11.2010

The annual General Assembly of BAL was held. At the meeting were made changes in the Managing Board of the association and were elected new Сo-chairmen.

05.07.2010

Following the decision of the Managing Board of BAL from June 29th, 2010 was sent a letter to Commission for Protection of Consumers with a copy to Bulgarian National Bank regarding implementation of the new Consumer Credit Law (effective as of 12th May 2010) from the leasing companies in Bulgaria.

21.04.2010


Representatives of BAL took part at the meetings of the Working Groups under Axis 1 and Axis 3 to the Monitoring Committee under the Rural Development Program. It was discussed the forthcoming changes in the Ordinances under the certain measures of the Program, in which is included introducing of lease financing as eligible expenditure under the RDP, in compliance with the changes of the Program, adopted by the European Commission in July 2009.

16.03.2010

A meeting of the Managing Board of BAL was held on which was approved to be established a working group in relation to new Law on Consumer Credit and its first meeting to be held on 23 March 2010. Regarding preparation of guidelines for good practices in implementation of the Law and the Directive 2008/48/EC also to be sought a legal advice from a legal/consultant firm.

15.03.2010

Representatives of BAL took part in Round table “Good practices in consumer credits”, dedicated to the international day of consumers. At the round table was presented the experience of banks and non-banking financial institutions in improving of the consumer awareness. The forthcoming changes in Bulgarian legislation were discussed and was noted that the leasing companies will be most affected by the amendments in the Law on Consumer Credit which will become effective in May 2010.

16.02.2010

The annual General Assembly of BAL was held. At the meeting was reviewed the financial report of the activity of the association during year 2009 and was approved the Budget for year 2010.

04.01.2010 

Following the decision of the Managing Board of BAL has been sent a letter to the Border Police Directorate, Ministry of Interior regarding problems of the leasing companies related to border control of the leased vehicles

 

24.11.2009

Meeting of the Managing Board of BAL was held and was approved the General Assembly of BAL to be held on 16th February, 2010.

13.07.2009

In relation to the including of the registered leasing companies in Central Credit Register of BNB was sent a letter to the National Bank regarding BAL position on the draft Ordinance 22.

24.04.2009

A meeting between representatives of BAL and National Revenue Agency was held and were discussed the problems of the leasing companies concerning the implementation of Art. 177 of VAT Act, in particular the risk tax authorities in practice to refuse refunding of VAT to companies which are reliable taxpayers because of tax violations of their vendors. At the meeting were also discussed the possibilities for future cooperation between BAL and NRA in exchanging data about companies which do not effectively pay the VAT due to the Agency and by that means generate a tax risk for their customers. Any further information about the issue will be published on the web site of BAL.

17.02.2009

The annual General Assembly of BAL was held and the presented application for membership in BAL of “Deutsche Leasing Bulgaria” EAD was unanimously concurred. At the meeting was reviewed the detailed financial report of the activity of BAL during year 2008 and was voted the budget for year 2009.

16.12.2008

Meeting of the Managing Board of BAL was held and was approved the General Assembly of BAL to be held on 17th February, 2009.

16.10.2008

Following the decision of the Managing Board of BAL from October 14th 2008 was sent a letter to a number of institutions in relation with the problem of declaration of the vehicles in the municipal tax offices.

14.10.2008

A meeting of the General Assembly of BAL was held on which was elected a co-chairman of BAL and were approved the applications for membership in BAL of Uniconsulting JSC and AddVenture Ltd.

PDF format

10.07.2008

Following the decision of the Managing board of BAL was sent a letter to Ministry of Economy and Energy regarding the Draft Law of Energy Efficiency and supporting the statement of the Association of the automobile producers and their authorized representatives in Bulgaria that the taxation of the automobiles would be related with CO2 emissions, not with their power in kW.
PDF format

24.06.2008

A Board meeting of BAL was held and was decided to be convened a General Assembly of BAL on 14th October 2008, in order to be elected a Co-chairman of BAL and to be admitted new members of the association.

13.06.2008

Regarding the forthcoming changes in Central Credit Register of BNB and following the decision of the Managing Board of BAL was sent a letter to BNB with request for meeting on which to be discussed the opportunity leasing companies to be included in the register.

Letter to BNB in pdf format.

11.06.2008

Following the decision of the Managing Board of BAL was sent a letter to Deputy Minister of Finance Mr. Kiril Zhelev with request for meeting regarding proposal in Regulations for Application of the VAT Act to be defined minimum tax eligible residual values for asset acquisition in leasing contracts with option.

Letter to Ministry of Finance in pdf format.

23.04.2008 PRESS RELEASE 

Press-conference was held at Sheraton Hotel in relation with the successful end of the annual Leaseurope Seminar for Lessors in Central, Eastern and South-Eastern Europe. The event was hosted by Bulgarian Association for Leasing. 

Press release of BAL MS Word format. 

Presentation of Co-chairman of BAL MS Power Point Format. 
 

10.04.2008 

A meeting between representatives of BAL and Ministry of Agriculture and Food Supply was held. At the meeting was discussed the opportunity leasing to be included as an eligible expenditure under Program for Development of Rural Areas 2007-2013

 

19.02.2008

The annual General Assembly of BAL was held and the presented application for membership in BAL of “NLB Leasing Sofia” EOOD was unanimously concurred. At the meeting was reviewed the detailed financial report of the activity of BAL during year 2007 and was voted the Budget 2008 of the Association.

 

18.12.2007

Meeting of the Managing Board of BAL was held and was approved the General Assembly of BAL to be held on 19th February, 2008.

23.11.2007

A meeting was held between representatives of BAL and Deputy Minister of Economy and Energy Ms. Radeva the discussed topic was the the possibilities for leasing companies to participate in Operational Programme “Development of competitiveness of Bulgarian Economy”.

12.11.2007

Representatives of BAL were present at the Meeting of Leaseuropes CESEE Working Group that was held in Vienna, and were discussed suggestions for topics about the Agenda of CESEE Seminar’2008 in Sofia.

18.09.2007

Meeting of the Managing Board of BAL was held and was approved to be made a material concerning electronic invoices. Material is available in Bulgarian language, PDF format.

17.07.2007

Meeting of the Managing Board was held and was approved the suggestion Leaseurope CESEE Seminar’08 to be hosted in Sofia.

20.02.2007

The annual meeting of the General Assembly of BAL was held and  the presented applications for membership in BAL of “Scania Finance Bulgaria” EOOD and “Hypo Alpe Adria Leasing” EOOD were unanimously concurred.

At the meeting was reviewed the detailed financial report of the activity of BAL during year 2006 and was voted the Budget 2007 of the Association.

19.12.2006

Meeting of the Managing Board of BAL was held and was approved the General Assembly of BAL to be held on 20th February, 2007. Under item 1 of the Agenda for the General Assembly, according to the Art. 16 of the Articles of the Association will be reviewed the applications of the companies- candidates for membership in BAL.

19.10.2006

First session of the VAT working committee of BAL was held and the discussed main topics were related to the VAT Law, effective from January 2007.

17.10.2006

During the monthly-held meeting, the Managing Board of BAL concurred with the voluntarily acceptance of Ethical Code of the Association and the member - companies.

Ethical Code of the Members of BAL
List of the Member – companies, adopted the Ethical Code.

1.10.2006

Effective is the new Consumer Credit Law, published in the State Gazette - 30th June, 2006. Full version of the text is available in Bulgarian language, PDF format. 213 kB


19.09.2006

Meeting of the Managing Board of BAL was held and a project on setting- up of a Leasing Register was approved.

 

24.08.2006

Meeting was held between representatives of leasing companies – members of BAL, Financial Intelligence Agency and independent expert from the European Commission regarding the process of joining to the EU and requirements of the Commission concerning the law regulation the country such as Law on Measures Against Money Laundering and financial frauds

04.08.2006

New VAT Law, valid for year 2007 was published in State Gazette.
Full version of the text is available in Bulgarian language, PDF format. 742 kB

 

30.05.2006

Meeting was held between the Мanaging board of BAL and visiting representatives of the German holding Deutsche Leasing AG. The topics discussed at the meeting were the main activity of the Association and the development of the leasing market Bulgaria.

9.05.2006

Аnnual meeting of the General Assembly of BAL was held. The main discussed and approved topics were the financial reports for the both associations during 2005 before their merger and the budget for 2006 of the united BAL.

The candidates for membership in BAL: “Piraeus Leasing Bulgaria” EAD, “Balkan Star Services” EOOD, “Sogelease Bulgaria” EOOD, “Immorent Bulgaria” EOOD and “Starcom Leasing” AD were unanimously accepted as fully-right members and welcomed in the Association.

04.04.2006 PRESS RELEASE

Press-conference was held at Grand Hotel Sofia.The occasion was the finalized merger of the both leasing associations in the united BAL. The co-chairmen of Bulgarian Association for Leasing (BAL) Mr. Teodor Marinov and Mr. Stanislav Tanushev presented information regarding the current activities and future aims of BAL as well as placed information regarding the development of the leasing market in the country and made a comparison with the market in some European countries.

Link to Press release of BAL MS WORD format: Link to Press release of BAL MS WORD

Link to presentation of BAL MS Power Point format: Link to presentation of BAL MS Power Point

07.03.2006

The last version of the VAT act draft for 2007 which includes several propositions of BAL was published on the web-site of the Ministry of Finance. The draft has been sent for agreement to the ministries. The English version is expected to be published on the web-site of Ministry of Finance by the end of the week.

Link to the VAT act draft

28.02.2006

Meeting between representatives of BAL and BNB was held regarding the statistical reporting of the leasing companies to the National Bank and its coverage.

13.02.2006

PRESS RELEASE

The merger between BALC and BADLB was finalized. The united BAL has 19 members and covers over 80 % of the leasing market in the country.

31.01.2006

Meeting was held between representatives of BNB and PricewaterhouseCoopers Bulgaria and the new VAT Act draft was discussed.

17.01.2006

Meeting of the Managing Board of BAL was held and a decision was reached that the survey of the leasing market of the Association would be accomplished once again in order to gather data for 2005.

22.12.2005

A meeting was held between representatives of BNB and BAL and the discussed topic was the format for statistical reporting of the leasing companies. A mutual agreement was reached that the format should be changed, in order to provide correct and representative information.

28.11.2005 PRESS RELEASE

BNB in cooperation with BAL prepared a format for statistical reporting of the leasing companies and have sent it to them. The first report will be received until the 10th of December and is going to include data as of September 30th, 2005. The reporting is going to be performed quarterly and is going to include data for both financial and operating leasing. Summarized information will be published by BNB.


21.11.2005

The documents for the merger between Bulgarian Association for Development of the Leasing Business and Bulgarian Association of the Leasing Companies have been submitted to the court. The joint association will be called Bulgarian Association for Leasing (BAL).

17.11.2005

Bulgarian Association for Leasing has been admitted as member of Bulgarian International Business Association – BIBA.


21.10.2005

BADLB met with representative of IMF to discuss the developments in the Bulgarian leasing sector.


03.10.2005

A meeting was held between representatives of BADLB and the Statistics Directorate of BNB. A draft of format for statistical reporting of the leasing companies to BNB was reviewed and discussed.

27.09.2005

A meeting was held between representatives of BADLB and The Ministry of Finance and there was discussed the VAT Act draft. Both sides expressed their positive attitude towards future cooperation and the association made the commitment to search and provide information about similar acts from other European countries.

21.09.2005

Representatives if BADLB met with Mrs. Elena Petkova – Director of The Special Pledges Register. The discussed topics were the changes in the organization of registering of leasing contracts and the procedures of the Registry, concerning the leasing companies.


01.09.2005

General meeting of Bulgarian Association of the Leasing Companies (BALC) was held. The members of BALC voted positively on the merger with Bulgarian Association for Development of the Leasing Business (BADLB). The new merged association will be called Bulgarian Association for Leasing (BAL) and is going to have 19 members

 

20.07.2005 PRESS RELEASE


A meeting between members of BADLB and the directors of Banking and Banking Supervision departments of BNB was held and the main issues discussed were:

  1. Actions are needed to monitor the leasing market in accordance with the commitments of the Bulgarian Government in the last Memorandum with IMF
  2. Reporting on the lease deals with the BNB Credit Registry as well as Statisticsal reporting of information. These steps would be targeted towards all leasing companies.
  3. Changes in the Banking Law have to be voted by the parliament.

The representatives of BADLB expressed their positive position towards reporting of leasing deals with the BNB credit registry, but only under the condition that leasing companies will be able to have access to the register as the commercial banks do. They have expressed their impressions on the market, its size, growth and the effect of the restrictions on bank lending on the growth of the leasing market, which at the moment is not significant. BADLB are ready to help with determining of the formats for reporting to the Credit Registry and Statisticsal reporting.