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Start-Up And Development Of Private Electronic Media In Bulgaria, September 1994
The state monopoly on air frequencies first began to crack as early as 1990 and 1991 when the Council of Ministers consented on several occasions to license the experimental rebroadcasting of foreign radio stations, namely the Voice of America, Radio Free Europe (RFE), BBC, Radio France Internationale and Deutsche Welle on designated channels. more »
Establishment of a Mutual Fund Pursuant to Article 8 of the Law on Transformation and Privetization of State-owned and Municipal Enterprices, August 1994
The legal framework of privatisation was established in 1992. Its basis is the Law on Transformation and Privatisation of State- Owned and Municipal Enterprises (LTPSME). As it is the tradition of the legal system in Bulgaria, the Law has a framework character, which means that its implementation requires adoption of some regulations and laws to detail some of the provisions of the Law. One of the issues which had to be legislated with follow-up legal documents is the regulation of privatisation revenues use. more »
Survey of the Efficiency of Foreign Consultant Firms, May, 1994
The beginning of the reforms in the economy brought about the establishment of a market for consulting services. Its formation was determined on the one hand by the appearance of demand for consulting services, and on the other - by the wide range of legal and economic analyses, expert evaluations and recommendations offered by the rapidly growing number of private persons and firms engaged in this specific sphere of the economy. more »
The Labour Market Policy In Bulgaria (1990 - 1993)
Three years after the beginning of the political changes and two years after the beginning of the economic reform in Bulgaria a large portion of the population think that unemployment is not an inevitable phenomenon. Data from a national opinion poll of March 1993 reveal that a mere 27.3 percent consider unemployment natural and inevitable , and 63.3 percent think the Government should take measures to stop unemployment. more »
The Transition As A Catastrophe: From Theory To Policy, 1994
The application of the general equilibrium paradigm to the analysis of the transition from command to market economy is quite natural. By definition this process can be considered as a movement from a shortage, inventory burdened economy, to a balanced and efficient one. more »
Bad Credits: Financial and Institutional Aspects by Christina Vutcheva, 1994
Since the beginning of 1991 Bulgaria has been living through a period of transition from centralized totalitarian control to free market economy. Year 1990 can be said to mark the political liberation of the people with the adoption of the new Constitution. The economic liberalization, however, is a reality yet to be brought to life since private ownership is not prevalent in the economy. The prime aim of the transition is to substitute an absurd and inefficient economic system for a new one to rely on the free initiative, private ownership and competition. more »
Legal and Institutional Framework of the Private Sector in Bulgaria, by Valentin Georgiev, December 15, 1994
Following the 1944 socialist revolution, the supreme law of the country became the first socialist Constitution of 1947. It provided the basis for turning Bulgaria into a country with one-party government - that of the Communist Party, and a centralized planned economy. Public property was accorded a central place and significance, with guarantees for its protection and development, while private property was relegated to the background and subject to considerable restrictions. more »
The Agrarian Reform In Bulgaria, 1993
Agriculture is of major importance to Bulgaria's economy. In 1989 - the year preceding the significant political changes - agriculture produced one tenth of the gross domestic product and 18 percent of the country's working population was employed in this sector. The important political and economic changes in Bulgaria after November 10, 1989 inevitably affected agriculture as well. A crucial and exclusive component of agrarian reform, land reform was established with the passing of the Ownership and Use of Farmland Act (OUFA) by the Great National Assembly in February 1991. more »
Public Opinion On Foreign Investment, April 1993
Compared with the other central and eastern European countries - Hungary, Czech and Slovak republics and Poland, foreign investment turns to be a new phenomenon for the Bulgarian economy. Thus the public opinion on it is in a process of forming. The role of researchers, different studies, the mass-media and foreign investors, themselves, in inspiring public support and acceptance of foreign investment is of great importance. more »
Measurment of aggregate economic activity by means of composite indicators
The Agency for Economic Cooperation & Development /AECD/ experts have begun to asses three barometers of aggregate economic activity since March 1992: economic activity barometer, economic expectation barometer and diffusion index. In that paper we share our experience on the assessment of composite indicators and their utilization in analyzing performance of Bulgarian economy on macro level. more »

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