New State Owned Enterprises Framework иn Bulgaria – Concepts and Systematization Cover Image

Нова рамка на публичните предприятия в България. Концепция и систематизация
New State Owned Enterprises Framework иn Bulgaria – Concepts and Systematization

Author(s): Dimitar Elkov
Subject(s): Economy, Public Finances
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Corporation; Corporate Governance; Unincorporated Enterprises; Public Quasi-Corporations; State-Owned Enterprises; Public Enterprises; Municipal Enterprise
Summary/Abstract: The Law on Public Enterprises and its Implementing Regulations, which will enter into force in 2020, create an entirely new regulatory framework in line with international standards for corporate governance of state-owned enterprises. Effective implementation of the new framework requires an understanding of corporate governance concepts, including the nature and main trends that have determined the need and purpose of international standards for the regulation of public enterprises. Next, the correct introduction and adequate observance of the international regulation for corporate governance of public enterprises requires clarification of the key concepts used and comparison with their analogues in the current legislation in Bulgaria.