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CLEAN FUTURE. Anti-Corruption Action Plan for Bulgaria. Monitoring. Corruption Assessment Indices

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

The Anti-Corruption Action Plan has been developed within the framework of the Coalition 2000 process with the purpose of becoming part of the social agenda as a broadly approved system of measures and actions for curbing the extremely dangerous social phenomenon of corruption. The Anti-Corruption Action Plan gained credit as a document, which was often referred to in Bulgaria and used in other countries as a model for mapping out national anti-corruption priorities. In the words of George Soros, the Bulgarian anti-corruption plan is the most comprehensive and ambitious document of its kind.

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American-Bulgarian Economic Cooperation Forum: Expanding Investment and Trade - How Can Institutions Help?

Author(s): Stephan Kyutchukov,Daniela Bobeva,Svilen Parvulov,Stephan Hadjitodorov,Valeri Kostov / Language(s): English

The collection of papers presents recommendations to be considered by governmental and non-governmental organizations to improve their coordination and effectiveness in trade and investment promotion activities. The papers were presented at a forum, that brought together approximately 30 representatives of American and Bulgarian institutions involved in promoting bilateral trade and investment. It was organized at the initiative of the Bulgarian Ambassador to the United States — Mrs Snezhana Botousharova - with support from the Open Society Fund. The objective was two-fold: - to identify those factors that currently constrain American investment in Bulgaria and hinder trade expansion; and, - to define a framework of actions to be undertaken by the Bulgarian and American institutions to promote expanded bilateral economic cooperation.

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The Labour Market Policy In Bulgaria (1990 - 1993)

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

Three years after the beginning of the political changes and two years after the beginning of the economic reform in Bulgaria a large portion of the population think that unemployment is not an inevitable phenomenon. Data from a national opinion poll of March 1993 reveal that a mere 27.3 percent consider unemployment natural and inevitable , and 63.3 percent think the Government should take measures to stop unemployment.

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Recommendations to Facilitate Expanded Economic Relations between Bulgaria and the United States, January 1995

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

The recommendation presented in this document were developed by the Center for the Study of Democracy, based on discussions held during the Bulgarian-American Economic Cooperation Forum, and subsequent consultations with a variety of the participants. These recommendations do not necessary reflect the views of the Bulgarian and American institutions represented at the forum.

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Trade Policy in The Context of Bulgaria’s Accession to the European Union, August 1995

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

In the economic area the EU integration process evolved from the Treaty of Rome (1957) establishing a common market and a progressive approximation of the economic policies of Member States, through the Single European Act (1986) providing for the establishment of the internal market, comprising an area without internal frontiers, to the Treaty on the European Union (1992) committing EU members to another significant deepening of integration namely the establishment of economic and monetary union, ultimately including a single currency.

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'Brain Drain' in Transition of Science

Author(s): Daniela Bobeva / Language(s): English

The paper analysis the reasons why Bulgaria is one of the specific cases of science development and 'Brain Drain'. Bulgaria is one of the countries with the largest share of unemployed with higher education - 17% of all unemployed. The unemployment promotes the emigration attidues among scientist. The data indicates that the Bulgarian science personnel is ageing. Less and less young people work in the research institutions. Special measures are needed in this respect on the part of the government for encouraging young people. Before the reforms Bulgaria used to have a highest standard by the indicator "employed in science per capita".

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Bulgarian Fiscal Policy in the Stabilization Program

Author(s): Nikolai Gulubov / Language(s): English

The first changes (after the most important political change on November 10, 1989) toward a pluralistic society and market economy appeared in 1990. In that year for the first time Bulgaria began its fiscal year (which coincided with the calendar year) without a budget prepared and approved by Parliament - due to the complicated economic and political situation. In 1990 alone. Parliament voted the state budget twice (the second budget was an updated version of the earlier one and its basic indicators were even worse). The actual implementation, in turn, was a less successful version of the second budget. This tradition was followed throughout 1991 and will obviously prevail as well in 1992.

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Bulgarian financial markets during 1991 - 1992. Institutional mechanisms, role and results of monetary policy

Author(s): Nikolay Gueorgiev,Nikolay Gospodinov / Language(s): English

The radical transformation of the nation's economic system requires that a new financial system facilitating the functioning of today's market economy to the utmost degree should be created. The consolidation of the banking system through the enlargement of existing commercial banks aiming at a higher degree of their stability is now under way.

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Good Stories of Foreign Investment

Author(s): Daniela Bobeva / Language(s): English

The purchase of the Bulgarian state enterprise MAIZE PRODUCTS SPLTD is the first privatization deal completed in Bulgaria under the Transformation and Privatization of State and Municipal Enterprises Act. Being the first privatization deal, it has been accurately analyzed among experts, politicians and state privatization bodies. A year later it can be said that it has been a successful contract for both parties - the Bulgarian side and the Belgian group. This contract turned to be a good start for the Bulgarian privatization and the inflow of foreign investment. As Bulgaria is in the initial phase of attracting foreign capital, the prevailing investors in the country are the big multinational companies. This is the case of AMYLUM. Privatization process is one of the main mechanisms for channelling long-term large-scale foreign investment into Bulgarian industry. The biggest investors in the country turned to be the buyers of the large-scale Bulgarian enterprises. A mention should be made that foreign investors find investing in the country through privatizing more preferable. This way they are more confident about their investments. Practical problems about establishing a joint-venture in terms of the participation of each of the parties - appraisal, management and staff issues.,are sidestepped in the privatization deal. The purchase of the Bulgarian MAIZE PRODUCTS SPLTD is a pilot case of inward foreign investment through privatization. It points out the main problems foreign investors face in the country as well as the comparative advantages of the Bulgarian investment opportunities.

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BULGARIAN SMALL AND MEDIUM-SIZED ENTERPRISES AND THEIR PARTICIPATION IN THE ABSORPTION OF THE STRUCTURAL FUNDS OF THE EUROPEAN UNION

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

After Bulgaria joins the EU in 2007 the country will receive access to the Structural Funds (SF) and the Cohesion Fund of the European Union (EU), which are the main instruments for reducing the economic and social disparities within the Union. The effective management of these proceeds entails good knowledge of the EU Funds’ requirements and thorough preparation at national, regional and local levels both by the public and private sectors, including the small and medium-sized enterprises (SMEs). In 2000 in Lisbon, the European Commission and the EU Member States agreed upon the ambitious goal that by 2010 the European Union would have to become the most dynamic knowledge-based economy in the world . The instruments and mechanisms to achieve this goal have been outlined in the Lisbon Strategy of the EU. In 2005, an interim review on the progress of the Lisbon Strategy was done, based on which it was concluded that the Union was falling behind in some of its basic parameters, and that the gap between the EU and the leading innovative world economies of the United States and Japan was broadening.

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The Hidden Economy in Bulgaria (General Public), November 2004

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

In the period November 18-29, 2004, Vitosha Research conducted a national representative survey of the "hidden economy" in the country, covering 959 respondents aged 18 and over. The survey employed the method of the face-to-face interview.

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Суаповите операции и дълговият проблем на България

Author(s): Daniela Bobeva,Plamen Oresharski / Language(s): Bulgarian

• I. The "internal / external debt" dichotomy; • II. Brady Bonds on Bulgarian Foreign Debt; • III. Swap operations; • IV. The legal framework of debt-to-equity swap; • V. Replacing internal and external debt against property.

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Оценка и анализ на резултатите от първата вълна на приватизацията в България

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

This report presents data and analysis of the results of three studies related to mass privatization in Bulgaria. The research was conducted in July 1997 and is part of the long-term strategy of the Center for the Study of Democracy to engage with the problems of the economic reforms in our country.

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Политика за развитие на капиталовия пазар в България, септември 1997

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

The existing legal and institutional framework and available technical facilities in the Bulgarian capital markets do not work very efficiently towards supporting a fully developed securities market. The necessary legislation, institutions and technical facilities must be put in place, so that, over time, a market will develop which will be able to absorb the volumes normal for a country of the size of Bulgaria and, potentially, international trades. The following discussion presents specific issues that need to be addressed, so that said purposes could be met.

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Програма за замяна на дълг, август 1995

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

Changes in recent years have placed the international business in a new economic environment. Despite the serious economic, financial and structural difficulties, Bulgaria has the potential for privatization, modernization of production and rapid economic growth, as it has never before.Bulgaria began reforms with a huge external debt inherited from the communist regime. Following the moratorium on foreign debt payments of March 29, 1990, negotiations with commercial creditor banks took place over three years. In June 1994 a debt reduction and servicing agreement was signed. It contains a special clause on the exchange of certain instruments against property provided that Bulgaria adopts a debt exchange program.

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Изследване на ефективността на западните консултантски компании, работещи за източноевропейски фирми, ноември 1994 г.

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

In April 1994, the Center for the Study of Democracy conducted a sociological study on "The Efficiency of Western Consulting Firms Working for Eastern European Companies". The project is funded by the EU with the coordinator Prof. Gabor Havani from the Industrial Economics Research Institute - Budapest. The countries of Hungary, Poland, the Czech Republic, Lithuania and Bulgaria take part. Experts from England and Ireland also participate in the study. The aim of the survey is to establish how much of the Bulgarian companies and enterprises conclude contracts with Bulgarian and Western consultancy firms, what is the subject of the consultation and what are the results for the consulting firm.

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Доклад за оценка на корупцията 2002

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

Coalition 2000 is an initiative of Bulgarian non-governmental organizations launched in the spring of 1997 with the aim to counter corruption in Bulgarian society through a partnership between state institutions, non-governmental organizations and individuals, who developed and have been implementing an Anti-Corruption Action Plan, a Corruption Monitoring System, and an anti-corruption public awareness campaign. The Corruption Assessment Report - 2002 follows the structure and approach of the Action Plan adopted by the Policy Forum of Coalition 2000 in November 1998. The Report contains a general evaluation of the state and dynamics of corruption in Bulgarian society and of anti-corruption efforts in the year 2002.

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Икономически и правни условия за развитието на малките и средни предприятия в България

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

The Policy Forum aims to identify those factors that will improve the economic and legal environment for the growth of the small and medium sized enterprise("SME") sector in Bulgaria. The forum has brought together some of the country's most influential individuals, representing various institutional and independent bodies, to discuss the constraints that are hindering the development of the SME sector and to propose and review various recommendations to overcome these obstacles

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Hidden Economy Indexes in Bulgaria 2002-2015: Results and Methodological Notes

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

The current document presents the methodology for calculation of the Hidden Economy Indexes in Bulgaria among the population and the business, as well as the results of the surveys for the period 2002-2015. Hidden economy surveys in Bulgaria have been carried out by the Center for the Study of Democracy and the market and social research agency Vitosha Research since 2002. Based on data from these surveys, a system of synthetic measurements in the form of composite indices for assessment of the hidden economy was developed. The reason for choosing these particular indicators was to reduce the multiple aspects of the hidden economy phenomenon to a manageable number of illustrative and easy to interpret the indices. The survey questions and sub-indexes, which form the Business Hidden Economy Index and the Index of the Hidden Economic Activity of the Population, are presented in the document. The authors underline the difference between the terms official economy (legal and reported), informal economy (legal, yet unreported), illegal (black) economy (illegal and unreported) and undeclared (gray) economy (legal, formally registered, yet unreported). The last three form the composite term hidden economy.

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Индекси на скритата икономика в България 2002-2015: резултати и методологически бележки

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

The current document presents the methodology for calculation of the Hidden Economy Indexes in Bulgaria among the population and the business, as well as the results of the surveys for the period 2002-2015. Hidden economy surveys in Bulgaria have been carried out by the Center for the Study of Democracy and the market and social research agency Vitosha Research since 2002. Based on data from these surveys, a system of synthetic measurements in the form of composite indices for assessment of the hidden economy was developed. The reason for choosing these particular indicators was to reduce the multiple aspects of the hidden economy phenomenon to a manageable number of illustrative and easy to interpret the indices. The survey questions and sub-indexes, which form the Business Hidden Economy Index and the Index of the Hidden Economic Activity of the Population, are presented in the document. The authors underline the difference between the terms official economy (legal and reported), informal economy (legal, yet unreported), illegal (black) economy (illegal and unreported) and undeclared (gray) economy (legal, formally registered, yet unreported). The last three form the composite term hidden economy.

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