Changes and Amendements to the Privatization Law Adopted by the National Assembly in June 1994
Changes and Amendements to the Privatization Law Adopted by the National Assembly in June 1994

Author(s): Valentin Karabashev
Subject(s): Politics / Political Sciences, Politics, Social Sciences, Economy, Law, Constitution, Jurisprudence, National Economy, Sociology, Economic policy, Applied Sociology, Economic development, Law on Economics, Public Finances, Socio-Economic Research
Published by: Център за изследване на демокрацията
Summary/Abstract: Bulgaria adopted its Privatization Law in 1992 - later than the other Central and Eastern European countries. (Actually, under the provisions of other Bulgarian governmental regulations, some privatization started before the adoption of the Law; however, most enterprises became eligible for privatization beginning in mid - 1992.) The Privatization Law favors capital privatization, i.e. sale, rather than free distribution of state property. This approach was accepted because of the belief that ownership should be transferred to persons with proper management skills and the ability to provide fresh investment.

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