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Trade Policy in The Context of Bulgaria’s Accession to the European Union, August 1995
In the economic area the EU integration process evolved from the Treaty of Rome (1957) establishing a common market and a progressive approximation of the economic policies of Member States, through the Single European Act (1986) providing for the establishment of the internal market, comprising an area without internal frontiers, to the Treaty on the European Union (1992) committing EU members to another significant deepening of integration namely the establishment of economic and monetary union, ultimately including a single currency. more » |
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Trade Policy in the Context of Bulgaria’s Accession to the European Union, August 1995
The Policy Forum aims to identify those factors that will improve the economic and legal environment for the growth of the small and medium sized enterprise ("SME") sector in Bulgaria. The forum has brought together some of the country’s most influential individuals, representing various institutional and independent bodies, to discuss the constraints that are hindering the development of the SME sector and to propose and review various recommendations to overcome these obstacles. more » |
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Debt Conversion Program: Guidelines for Bulgaria, June 1995
The economic changes of the past years in Eastern Europe and particularly in Bulgaria have created a new environment for the international business. Despite the serious economic, financial and structural challenges, Bulgaria's potential for privatization, industrial modernization and rapid economic growth are unprecedented. more » |
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The Use of Bulgarian Foreign Debt Bonds in Privatization, June 1995
Bulgaria is the only country in Central and Eastern Europe to allow the use of foreign debt bonds in privatisation. It is a challenge to introduce a debt-for-equity swap mechanism in a country which is in transition from a centrally planned to a market economy, because of the unique nature of this transition. Of course, it is being carried out based on the considerable experience and analyses of the effect of the debt-for-equity swaps in some countries in Latin America and Africa. The Bulgarian experience is quite modest, since the legal framework of such swaps was enforced only in December 1994. more » |
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Legal Aspects of the Private Sector in Bulgaria, March 1995
Following the socialist revolution in 1944, the legal system and legislation served the purpose of fortifying the economic framework of socialist society. A number of laws adopted in the first years of socialism put public property and socialist planned economy in the foreground. Private property was rejected and certain laws were passed stipulating the expropriation of private means of production, the collectivization of farm land, and finally, the nationalization of personal property of citizens - housing, and others. more » |
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Materials from the Bulgarian Collateral Law Conference
The text includes the proceedings of the Bulgarian Collateral Law Conference, held on 30-31 January 1995, as well as the presented documents: The Need to Update Bulgaria's Collateral Law; Survey: Questions on Collateral Law (Secured Transactions or Asset-based Loans); Security in central and eastern Europe and the EBRD' Model Law on Secured Transactions; Polish Draft Law on Registered Pledges and the Pledge Registry; European Bank for Reconstruction and Development Model Law on Secured Transactions. more » |
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Evaluation of Privatization Results for 1994
Analyses of the results of privatization in Bulgaria typically consider only denationalization of state-owned and municipal enterprises under the provisions of the Transformation and Privatization of State-owned and Municipal Enterprises Law (TPSMEL). more » |
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