• Karoll launched the first Bulgarian private equity fund – Advance Equity Holding, later raising its capital from BGN 2 to BGN 12 mln through the first IPO for the year on BSE.
  • The construction of the new corporate building of Karoll commenced.
  • Karoll launched a new fund – Advance Eastern Europe - investing in stocks listed on the Russian, Romanian, Ukranian, Serbian, Croatian, and Bulgarian markets.
  • Karoll received the award for Brokerage House of the Year provided by Banker Weekly.
  • Karoll Standard introduced a new service on the local market – Financial risk insurance.
  • Advance Terrafund with a third successful round of capital increase to BGN 22.087 mln, thus becoming the largest land owner in Bulgaria.
  • Advance Invest celebrated its 2nd year since inception, fortifying its position as the largest domestic mutual fund.