![](https://4liberty.eu/phidroav/2015/04/business-businessman-businessmen-230x300.jpg)
Exploring the Financial State of Bulgarian SOEs
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.