activity of the NUWPC is financed mainly by membership fees ,
supplementary incomes from other activities , subsidies and donations .In
pursuance of the provisions in the Statutes, the NUWPC forms finds for
mutual aid, qualification and international collaboration, investments etc.
INFRASTRUCTURE AND SOCIAL INSURANCE
formation of the financial infrastructure of the NUWPCB is a key point of
its development in the conditions of market-oriented economy.Its aim is
the co-operative structure to serve the co-operatives in the financial and
investment spheres- a real base for the economic independence.
infrastructural base of the NU has been laid by the establishment of MKP
Daga ; the Privatization fund cooperator, later transformed into the
holding Cooperator Inc; the Bulgarian Mutual Insurance co-operative; the
Voluntary pension Fund Cooperator Inc.
Daga has strengthened its positions as an insurance mediator with its
statute of an agency.It offers the co-operators all kinds of insurance
Property.In parallel with the insurance process MKP Daga has set up an
information and consultation centre offering a great variety of services
in the sphere of the business planning , investment financing , deals with
securities.During the second stage of the mass privatization MKP Daga is
an investment mediator of the national Union.MKP Daga assures professional
management of the investment bonds and gives financial aid to the
cooperators for the buying of the bonds.The establishment of the
Privatization Fund Cooperator Inc. was an important step towards the
organization of the NUWPCB and the co-operatiors in the process of the
mass privatization.The privatization fund has realized this participation
by the investment of stakes and shares of companies included in the
privatization program with investment bonds.The capital of the
Privatization Fund Cooperator was distributed into 5676 shares .These
shares come from companies connected with the NUís activities.The most
important factor for the companiesí selection was the connection of the
co-operatives with the raw material base and the technological processes
of the enterprises announced for privatization.In accordance with the
requirements of the law in 1998 the Privatization Fund Cooperator was
transformed into a Holding.
main goal of the holding Cooperator Inc. is by means of good management of
its shares and the investment
in securities to bring incomes to all shareholders of the company.
supplementary social insurance is a basic element in the social insurance
system in the world and it is regarded as the third column of the
Bulgarian insurance system .The NUWPCB is the main founder of the
voluntary Pension fund Cooperator Inc.giving opportunities for additional
pension insurance.With the establishment of the Pension Fund the co-operative
system has been prepared to meet the forthcoming changes in the insurance
system.By the means of the Pension Fund the co-operators have the
opportunities to participate in the privatization process and to ensure
additional pensions by investment counterfoils.
Bulgarian Mutual Insurance Co-operative , established in 1998, comprises
one more sphere from the general co-operative insurance- the insurance
Life.The insurance Co-operative has got a license for the combined
Life.The Co-operative is one of the sixth Bulgarian insurance
companies that have included the insurance Life in their activities.
foundation of the Voluntary Fund Professional Qualification and
Unemployment is in prospect.The establishment of this Fund will be better
protected in case of unemployment.A sum of money will be accumulated for
future expense for education.