Activity of Investment Companies

Financial enterprises - Annual data of specialised investment enterprises
Contact organisation

National Statistical Institute

Contact organisation unit

"Annual Business Statistics" Department

Contact name

Desislava Asenova

Contact person function

Shief expert

Contact mail address

2, P. Volov Str.; 1038 Sofia, Bulgaria

Contact email address

[email protected]

Contact phone number

+359 2 9857 477

Contact fax number
Metadata update
Metadata last certified14 January 2015
Metadata last posted14 January 2015
Metadata last update14 January 2015
Statistical presentation
Data description

The survey covers activities of specialised investment enterprises, which are licensed in accordance with national legislation.

All of them are classified in class 64.30 by NACE.BG-2008 and class 65.23 by NACE.BG-2003. Since 2008 the data are compiled by NACE.BG-2008.

The annual data of specialised investment enterprises are aggregated in 64.30 by NACE.BG-2008 and class 65.23 by NACE.BG-2003.

Classification system

· National Classification of Economic Activities (NCEA-2003, for international use NACE.BG-2003) - in force till 31.12.2007;

· Classification of Economic Activities (CEA-2008, for international use NACE.BG-2008) - in force since 01.01.2008.

Sector coverage

Specialised investment enterprises, classified in class 64.30 by NACE.BG-2008 from 2008 onwards, and class 65.23 by NACE.BG-2003 for the period 2005-2007.

Statistical concepts and definitions

The main indicators are:

· Basic indicators from Assets and Liabilities sides of Balance sheet;

· Basic indicators from Income Statement.

Statistical unit

The basic unit of survey is a specialised investment enterprise.

The specialised investment enterprise is an enterprise registered, licensed and supervised as specialised investment enterprise in accordance with actual legislation.

Statistical population

The survey of specialised investment enterprises is exhaustive and the statistical population includes all specialised investment enterprises classified in class 64.30 by NACE.BG-2008 from 2008 onwards, and class 65.23 by NACE.BG-2003 for the period 2005 - 2007.

Reference area

The data refer to the activities of specialised investment enterprises carried out in the country.

Time coverage

2005 - to the last reference year.

Base period

Not applicable.

Unit of measure

Thousand BGN (all indicators).

Reference period

Calendar year.

Institutional mandate
Legal acts and other agreements

Bulgarian legislation:

· Law on Statistics;

· Commercial Law;

· National Statistical Programme;

· Accounting and tax legislation.

Data sharing

The data for specialised investment enterprises are provided in accordance with signed agreements for data exchange, ensuring the protection of confidential information.

Confidentiality - policy

Regulation (EC) № 223/2009 of 11 March 2009 defines common criteria for protection of confidential data and methods for sending the information to and its use by Eurostat. The Law on Statistics ensures the protection of statistical confidentiality and the use of individual data of enterprises for statistical purposes only.

Confidentiality - data treatment

The individual (primary) data are confidential according to the Law on Statistics and European legislation. To ensure their protection and inability to be identified, the aggregated indicators are also defined as confidential when:

· Criterion A - the indicator is calculated from one or two enterprises;

· Criterion B - one enterprise forms 85% or more of the total value of this indicator.

Release policy
Release calendar

The data are published in accordance with the deadline specified in the Release Calendar presenting the results of the statistical surveys carried out by the National Statistical Institute.

Release calendar access

The calendar is available on the NSI website:

User access

Data are published on the NSI website and are available to all users of statistical information.

Frequency of dissemination


Accessibility and clarity
News release

Regular press release for the preliminary data.


· Statistical Yearbook;

· Statistical Reference Book.

On-line database

The data are available to all users of the NSI website under the heading Business statistics -Annual business statistics - Other annual data- Activity of Investment Companies:

Micro-data access

Not available.


Information service on request, according to the Rules for dissemination of statistical products and services of NSI.

Documentation on methodology

Methodological manual concerning data of specialised investment enterprises, based on the national legislation in the same field.

Quality documentation

Not applicable.

Quality management
Quality assurance

This includes the improvement of the collecting of primary data system, which ensures strict arithmetical and logical input control. The additional output control is made when are registered the big differences in the value of given indicator between two consecutive years.

Quality assessment

This is made in accordance with the standard criteria for assessing the quality - relevance, accuracy and reliability, timeliness, comparability and coherence.

User needs

The main users of data are:

· Interested state institutions under signed agreements;

· Research institutes, universities, economic analysts and students;

· Private non-governmental organisations, agencies, associations, media, etc.;

· Directorates and departments in the NSI.

User satisfaction

There has been no study of user satisfaction, but no cases of outstanding requests for information are registered.


Full compliance with Bulgarian and EU legislation.

Accuracy and reliability
Overall accuracy

The statistical data have good accuracy and reliability.

Sampling error

The survey of specialised investment enterprises is exhaustive and there are no sampling errors.

Non-sampling error

Not applicable.

Timeliness and punctuality

The deadlines for the publication of data on national level are t+8 months for the preliminary data and t+11 months for the final data, where t is the reference year.


The deadlines are strictly followed.

Coherence and comparability
Comparability - geographical

For state territory the data are geographical comparable.

Comparability - over time

The comparability of the data is limited by the use of different classifications of economic activities (NACE.BG-2008 and NACE.BG-2003), if there is a difference in the scope of the activity. The data series of specialised investment enterprises are fully comparable for the period 2005 - the last reference year.

Coherence - cross domain

Not applicable.

Coherence - internal

Not applicable.

Cost and burden

NSI of Bulgaria is making extraordinary efforts to reduce the respondents' burden. An example is the signed agreement called "Single Entry Point" between NSI and the National Revenue Agency for a single providing of the annual reports and using the data from both institutions. Developed by NSI on-line based information system "Business Statistics" and ensured methodological and technical assistance to respondents during the reporting campaign are highly appreciated by respondents and help to reduce their workload.

Data revision
Data revision - policy

The National policy allows the revision of already published data if there are serious reasons.

Data revision - practice

The revised data replace the already published data as soon as possible after the revision is made.

Statistical processing
Source data

The main data source for calculating the data of specialised investment enterprises are special "Annual report of activities of specialised investment enterprises".

Frequency of data collection


Data collection

Exhaustively for all specialised investment enterprises covered in the survey.

Data validation

Data validation is made by additional logical input control and comparison between the output data and the results of the previous year and other surveys, carried out by NSI.

Data compilation

The survey is exhaustive and further data evaluation is not made.


Not applicable.

Metadata Structure Definition in SDMX 2.1: ESMS_MSD+BNSI+2.0+SDMX.2.1.xml
Metadata Structure Definition in SDMX 2.0: ESMS_MSD+BNSI+2.0+SDMX.2.0.xml
  • Summarized balance sheet of Investment Companies
  • Summarized Income statement of Investment Companies