Form and re-form in Bulgaria: avoiding pitfalls in eastern European privatisation
Form and re-form in Bulgaria: avoiding pitfalls in eastern European privatisation

Summary/Abstract: Our experiences as consultants concerned with transforming a bankrupt stateowned textile enterprise into something more appealing to potential investors was instructive as well as being a good example of why some eastern and central European post-communist economies are failing to manage their transition to the new economic realities. Our conclusions to the first part of our experience suggest the need to understand cultural differences as well as engage in careful planning if investors are to reach positive results before a second, fruitful stage can be reached.

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