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Recommendations to Facilitate Expanded Economic Relations Between Bulgaria and the United States, January 1995
The recommendation presented in this document were developed by the Center for the Study of Democracy, based on discussions held during the Bulgarian-American Economic Cooperation Forum, and subsequent consultations with a variety of the participants. These recommendations do not necessary reflect the views of the Bulgarian and American institutions represented at the forum. more »
 
Debt-Equity Swaps In The Context Of Privatization: The Case Of Bulgaria, 1995 by Sophia Kassidova
Bulgaria is continuing transformation towards market-driven economy in a rather strained environment - huge foreign debt burden, sustained losses due to the Gulf War and the UN embargo against Serbia and Montenegro. The establishment of private property and market-oriented legislation, and the ongoing law reform aim at promoting private sector expansion and removing restrictions to foreign capital inflow. more »
 
Development of the Private Sector in Bulgaria, by Daniela Bobeva and CSD Team, 1995
The current study aims at presenting the general tendencies in the development of the Bulgarian private sector shortly before the reforms and during the so called "transition to a market economy" in order to substantiate some basic recommendations regarding the policy in this area. The study makes use of all possible sources of information: National Statistical Institute's monthly data, current statistical surveys, representative studies of the private sector, balance sheets and P&L statements of state and private companies, sociological studies, the Business register of Bulgaria, documents and articles in the mass media, as well as CSD own research. more »
 
Development of the Private Sector in Bulgaria, 1995
The current study aims at presenting the general tendencies in the development of the Bulgarian private sector shortly before the reforms and during the so called "transition to a market economy" in order to substantiate some basic recommendations regarding the policy in this area. The study makes use of all possible sources of information: National Statistical Institute's monthly data, current statistical surveys, representative studies of the private sector, balance sheets and P&L statements of state and private companies, sociological studies, the Business register of Bulgaria, documents and articles in the mass media, as well as CSD own research. more »
 
Movement of Capital and Payments. Monetary and Financial Policies and Convertibility of the Bulgarian Lev, by Lubomir Christov and Alexander Mihailov, 1995
Monetary union is the final stage in economic and financial integration among countries, in the specific case analyzed in the present paper among the countries participating in the Treaty of Maastricht providing for the implementation of such a union as the ultimate objective of the convergence toward a unified Europe. Membership in such a union would require the adoption of a common currency and its circulation as a single legal tender (or the final and irrevocable pegging of exchange rates among the currencies of the participating countries), as well as the conduct of common monetary (including foreign-exchange) policy. more »
 
LEGAL ASPECTS OF THE PRIVATE SECTOR IN BULGARIA
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 »
 
Foreign Policy and National Security in the Context of Bulgaria`s Accession to the European Union
The text includes the conference proceedings of the event held on 29 June 1995. more »
 
Annual Report 1994
At the time the Center for the Study of Democracy was established in the late autumn of 1989, none of us - twelve young scholars who founded it - could foresee the dynamic development it would undergo. Bulgaria was already on the road to democratic transition, and we cherished romantic illusions about the depth and speed at which reforms would proceed. Five years later, we still find ourselves deeply involved in the institutional reform debates, but we now realize that these transformations will take much longer to complete than we had initially expected. more »
 
Postprivatization Behavior of Enterprises in Bulgaria, December 1994
One of the chief goals of privatisation, along with the withdrawal of the state from the management of the economy on a microeconomic level, is for the enterprises to be restructured and, once they have acquired real owners, for their activity to be based on the principles of competition and the market. more »
 
Prospects For Foreign Investments In The Bulgarian Privatization Process, December 1994
Bulgaria welcomes foreign investment in the ongoing process of privatization, including, of course, American investment. This short paper describes Bulgaria’s privatization regulations, the transactions completed to date, the program for 1995, and three new instruments in privatization, namely: (a) the mass privatization scheme, (b) internal debt-for-equity swaps, and (c) foreign debt-for-equity swaps. We hope that this information will be of interest to the participants in the Bulgarian-American Economic Cooperation Forum. more »
 

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