PRIVATIZATION IN BULGARIA: a revolution that never happened, an evolution that is sweeping everything around
PRIVATIZATION IN BULGARIA: a revolution that never happened, an evolution that is sweeping everything around
The purpose of this document is to present the changes in the privatization process in Bulgaria and to show how they have been brought about by the pressure of the economic reality. The privatization framework in Bulgaria was formed on the basis of theoretical approach, wish for political differentiation and narrow economic interests. This unfortunate combination did not reflect the specificity of the situation and could not long resist the economic needs of a country in restructuring. What followed was a long, slow and painful process of trial and error that could have been avoided if economic logic had more place in the first stage.
More...