privatization

State-owned enterprises (SOEs) are a very important part of the Bulgarian economy. Their revenue in 2015 equals 13% of GDP, but even that number underestimates their economic impact. The data show that the financial position of SOEs as a whole has remained bad in recent years.

Apart of the geographic fact and the benefit the country derives from proximity to the German economy, and the historical traditions of the First Republic, the Czech Republic still shares more with Slovakia and Hungary than it does with France and Denmark.

Riverside County decided to solve library problems by transferring a part of the operations it was in charge of. Therefore, it offered a new contract in a competition open to both public and private bidders.

One of the results of privatization was a noticeable increase in the quality of the services and a more effective allocation of the costs.

On March 9, 2012 Simeon Djankov, Bulgarian Minister of Finance and Deputy Prime Minister announced that Bulgaria will repay its foreign debt using three sources of income. According to Sofia News Agency novinite.com these sources include “privatization of unnecessary State assets, short-term government securities, and mid-term 5 or 7-year Euro bonds in equal shares“. The […]