Martin Paev, Chairman of SORTIS Group, Spoke at the New Developments & Restructuring CSEE Forum 2019 in Bucharest (Romania)

Martin Paev, Chairman of SORTIS Group, Spoke at the New Developments & Restructuring CSEE Forum 2019 in Bucharest (Romania)

Mr. Martin Paev, CFA, Chairman of SORTIS Group (Bulgaria), took part in the New Developments & Restructuring CSEE Forum 2019 on the 7th of November 2019 at Athenee Palace Hilton in Bucharest, Romania.

This year at the forum, senior NPL experts from the region, including Romania, Bulgaria, Serbia, Ukraine, and Turkey, discussed the drastic decrease in the Romanian NPL ratios starting from 24% at its peak falling down to below 5%. This decrease caused neighborhood countries who are managing their NPL situations to make a note and learn from Romania’s mistakes by looking at their key benchmarks set. Guests at the forum were leading debt purchasing, debt servicing and private equity firms, along with banks, high caliber investors, advisors, and asset managers.

At the forum, Mr. Paev was a moderator on the panel Developments & Outlook – Emerging Markets in the Region, where he discussed the recent deals and trends of the Bulgarian NPL market in comparison to other countries in CSEE. He also spoke about the real estate market in Bulgaria and presented statistics showing that construction in Bulgaria is booming and is already approaching the peak levels of 2007-2008. Mr. Paev observed the continuously high yields and the increasing interest from foreign investors towards income-generating properties in Bulgaria.


Other topics discussed at the panel were:

  • Current status of the NPL/restructuring market in the region
  • Latest developments of the property market
  • How NPLs affect the respective economies and their approach on a long-term basis
  • Prognosis of NPL ratio and investments for Bulgaria & Serbia in the coming years
  • Secondary market evolvement and small secondary NPL deals in Bulgaria as an upcoming trend
  • Potential effects of Serbia’s expected joining the European Union
  • The effects of Fintech and technology in general on the workout/restructuring industry

Participants at Mr. Paev’s panel were:

  • Stefan Gugushev, Managing Partner, Gugushev & Partners Law Office, Bulgaria
  • Mladjan Dinkić, Senior Partner, MD Solution, Serbia
  • Mihai Alexandru Pop, Transactions Leader Investment Manager, APS Investments, Romania
  • Vojimir Kurtic, Partner at Moravčević Vojnović i Partneri in cooperation with Schoenherr, Serbia

SORTIS Group is a Bulgarian group of companies active in mergers & acquisitions, real estate investment, private equity, venture capital, loan advisory, and hotel management. SORTIS is a member of Globalscope Partners, the international M&A Advisors network.

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