Development of the Institute of Concessions in Bulgaria (1883–2018) Cover Image

Развитие на института на концесиите в България (1883–2018)
Development of the Institute of Concessions in Bulgaria (1883–2018)

Author(s): Krasimira S. Valcheva, Ralitsa Veleva, Alexander Valkov
Subject(s): History, Economy, National Economy, Economic history, Social history, Modern Age, Recent History (1900 till today), 19th Century, Pre-WW I & WW I (1900 -1919), Interwar Period (1920 - 1939), WW II and following years (1940 - 1949), Post-War period (1950 - 1989), Transformation Period (1990 - 2010), Present Times (2010 - today), Financial Markets, Public Finances, Marketing / Advertising, Socio-Economic Research
Published by: Център за стопанско-исторически изследвания
Keywords: public-private partnerships; concession; industry; legislation

Summary/Abstract: In recent decades public-private partnerships (PPPs) represent a modern solution for the efficient use of public resources with increasing economic and social importance. The state's ability to structure and stimulate the development of long-term institutionally sustainable relationships with business for the development of key public activities is a sign of the maturity of its economic and social policy. The study applies comparative document analysis. The temporal scope coincides with the promulgation of the first and the lastest legislative act regulating the relations between the state and private initiative, with a focus on one of the earliest forms of PPP applied worldwide - concessions. The paper periodizes and identifies the evolution and functions of the concept of concession in Bulgaria, based on the legislative framework and the adopted practices. The regulation of this form of cooperation solves specific tasks during different stages of socio-economic development in the country. In post- liberation Bulgaria, concessions were aimed at supporting the establishment of a modern market economy. Nowadays, the institutionalisation of PPPs, and concessions in particular, is applied as a tool for good public governance.

  • Issue Year: VII/2022
  • Issue No: 1
  • Page Range: 103-116
  • Page Count: 14
  • Language: Bulgarian