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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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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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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 » |
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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 » |
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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 » |
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