Approximation of Bulgarian to EU Legislation: Protection of Competition, Protection of Intellectual Property and Right of Establishment, August 1995

Author(s): Chavdar Popov,Pavlina Popova,Krasimira Damjanova / Language(s): English

The significance of the harmonisation of legislation of the associated countries of Central and Eastern Europe (ACCEE) with the legislation of the European Community (EC) was already underlined by the European Council in Copenhagen (21-22 July 1993). The approximation of the Bulgarian legislation with that of the EC is one of the fundamental tasks of the strategy for the preparation of the countries of Central and Eastern Europe to join the Union, adopted at the meeting of the European Council in Essen on 9-10 December 1994.

PRIVATIZATION IN BULGARIA: a revolution that never happened, an evolution that is sweeping everything around

Author(s): Ivo St. Kovachev / Language(s): English

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.

Оценка за работата на съществуващите регистри на неправителствените организации в България

Author(s): Author Not Specified / Language(s): Bulgarian

According to the legislation in force, all non-profit legal entities (NPLEs) are obliged to register in the district courts where their headquarters are located. At the same time, a large number of them, apart from the basic register at the respective district court, are also registered in other registers depending on the activity they carry out.This report, in addition to the analysis of the legal framework, gives an idea of the practical problems with the operation of the registers, the registration and the use of information from them. It provides primary information on the attitude of different entities to the operation of existing registers in which non-profit legal entities are registered.

Доклад за оценка на корпоративното управление в България: 2000

Author(s): Author Not Specified / Language(s): Bulgarian

The present report has the objective to provide an overview of the general framework and particular dimensions of the corporate governance in Bulgaria. It is published for the first time and the authors intend to continue its publication on an annual basis. In its present form, the study contains information thus far unavailable to the professional community and the media. The evaluations and analyses herein are the first attempt to outline the achievements and the problems in the field of corporate governance in Bulgaria in the years of transition. The authors of the report thus aim to encourage a wider discussion on the subject and that, as a result, practical improvement action will be undertaken. At the end of the past year the Corporate Governance Initiative conducted a pilot study for assessment of the corporate governance in Bulgaria. It is a part of the activities under phase II of the project aiming at the elaboration of recommendations for practical measures for improvement of the corporate governance, including diagnostics and analysis of the existing corporate structures. The survey was conducted by Vitosha Research and covered all listed companies with authorized capital over BGN 200,000. The sample comprised 268 companies, while the number of the surveys was 158. The research method applied is a standard interview with representatives of the companies' managing bodies and senior management. Based on the survey results, the first index of corporate governance in Bulgaria was calculated. The index has values between 1 and 5, the lowest value of 1 indicating unfavorable legal and institutional frame and internal organizational factors of the corporate governance, and the highest value of 5 - ideal conditions and good practice of corporate governance. The report has been prepared mainly on the basis of the results of the pilot study, compared and partially supplemented by conclusions and assessments of other studies, publications in the press and international sources. The report has been prepared by the following team: prof. Dr. Bistra Boeva, associate prof. Dr. Stefan Petranov, Dr. Vesela Stancheva, senior research associate Plamen Chipev, Diana Hristosova - senior expert, Center for Economic Development, Stoyu Nedin - Chairman of Association of shareholders, Dr. Maria Prohaska - coordinator, Corporate Governance Initiative.

Zakończenie

Author(s): Edyta Małecka-Ziembińska / Language(s): Polish Publication Year: 0

Strategie firm w obliczu sankcji nałożonych na Rosję

Author(s): Beata Stępień,Szymon Truskolaski / Language(s): Polish Publication Year: 0

Purpose: In this chapter, we analyse how companies responded to sanctions imposed on Russia after its invasion of Ukraine. We examine the impact of selected external (public-legal pressure, the size of sanctions and crisis caused by the war) and internal factors (strategic agility, code of ethics and sustainable conduct) on the degree of compliance with sanctions and the type of adaptation strategies adopted. Design/methodology/approach: The objects of the study are medium-sized companies from countries that have imposed sanctions (here, Poland, Germany and the US). The results come from an electronic questionnaire survey conducted in 2023 among 610 medium-sized companies operating in industries directly or indirectly affected by trade restrictions. Findings: The company’s code of ethics and the perceived severity of the crisis have the greatest impacton the approach to sanctions and respective adaptation strategies. At the same time, external and internal pressure affect companies in opposite directions, with consequences for their adaptation strategies.