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Publications

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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 »
 
Approximation of Bulgarian to EU Legislation: Protection of Competition, Protection of Intellectual Property and Right of Establishment, August 1995
The significance of the harmonisation of legislation of the associated countries of Central and Eastern Europe (ACCEE) with the legislation of the European Community (EC) was already underlined by the European Council in Copenhagen (21-22 July 1993). The approximation of the Bulgarian legislation with that of the EC is one of the fundamental tasks of the strategy for the preparation of the countries of Central and Eastern Europe to join the Union, adopted at the meeting of the European Council in Essen on 9-10 December 1994. more »
 
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 »
 
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 »
 
Debt Conversion Program: Guidlines for Bulgaria, Final Study, by Mariana Todorova and CSD Team, 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 »
 
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 »
 
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 »
 
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 »
 
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 »
 

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