NEW! .....12 April, 2001(File size 1450KB)
Rules, Regulations,
and Transition Costs in Transition Bulgaria - This
report presents the findings of a study made by Yordanka Gancheva, Researcher
at the Institute for Market Economics, Sofia, within the framework of
the project on Rules, Regulations and Transaction Costs in Transition
Bulgaria funded under the Individual Research Support Scheme of the Open
Society Support Foundation, Prague.
2000 
(File size 265KB)
The Shadow
Economy in Bulgaria
- Harvard University, Agency for Economic Analisys
and Forcasting, IME. Bulgarian GDP statistics using revenue approach give
growth rates 2 percentage points lower than the expenditure approach for
1998 and 1999. In other words data based on what people actually spend
show 5.4% (1998) and 4.4% (1999). GDP growth, while official figure are
3.5% and 2.4%, respectively. This is evidence that there are underreported
incomes. It is of interest for statistical and economic policy purposes
to have more detailed information about the discrepancy between official
statistics and activities not covered by the official statistical system.
It is particularly interesting to know the size and structure of unreported,
hidden economic activities (shadow economy).
2000 (File size 203KB)
Mortgage
Financing in Bulgaria
- This paper is especially redrafted for the needs
of the USAID Pension Reform Project and CARANA Corp. Round Table on Mortgage
Bonds Horizon as Long Term Investment (October 23, 2000, Sofia). Along
with IME, OECD has the copyrights for that early version. The current
version is completely reedited and updated; the only missing data are
on the housing industry developments in the recent years, which become
available when the paper was ready for print. The copyrights of this version
belong to IME and the authors.
2000 (File size 309KB)
Evaluation
of the post-privatization monitoring system in Bulgaria
- These recommendations
and conclusions are drawn from a CASE research foundation & IME survey,
based on in-depth structured interviews with 11 companies.
2000
(File size 52KB)
Read it in
Bulgarian.
Fiscal Effects
of the Privatization: the Case of Poland and Bulgaria
- At the request of the Bulgarian authorities, IME,
in co-operation with Bulgarian counterparts, assists in implementing structural
reforms in the Bulgarian economy. The assistance involves developing and
carrying out reform programs and evaluating their results in priority
areas of structural and institutional reforms, with particular reference,
among others, to the process of the ownership transformation. This includes
the privatization and post-privatization monitoring system.
Available in Bulgarian only
(File size 252KB)
The Bulgarian National Bank And The Political Process: 1997 - 1999 by Dr Krassen Stanchev (File size 26KB)
Development Of The Banking Sector in Bulgaria by Assenka Yonkova, Svetlana Alexandrova, Latchezar Bogdanov (File size 78KB)
Structure And Organization Of The Operation Of Bulgarian National Bank by Assenka Yonkova (File size 92KB)
Criteria For Evaluation Of The Systemic Risk Under Currency Board by Nikolay Nenovsky, Kalin Hristov (File size 195KB)
Structuring And Conduct Of Bank Supervision In Bulgaria by Petar Ignatiev, Rumen Simeonov (File size 78KB) Analyzing Of Central Bank's Asset Structure And Of Asset Risk Management by Vladimir Tzarevski (File size 66KB)
Foreign Debt And Fiscal Impact On The Currency Board Operation by Viktor Yotzov (File size 92KB)
1999
(File size 560KB)
Pension
Reform Models in Latin America and Central and Eastern Europe
There is no clear-cut solution to the problems involved
in different individual pension reforms. However, thanks mostly to the
Latin America's experience there is little doubt as to which measures
of these reforms work and which do not.
1999
(File size 24KB)
Needs
for Deregulation of Tax System in CEE financed
by Freedom House ( joint project with Institute for Private Enterprise
and Democracy, Warsaw and Institute for Liberal Studies, Bratislava ).
1998
(File size 460KB)
Accelerating
Privatisation Through The Use Of Bulgaria’s External Debt Bonds.
Debt-Equity Swaps Development
of the Debt-Equity Swaps ; Advantages and Disadvantages for the Participants;
Country Experience; Restructuring of Bulgaria’s External Debt; Debt
Conversion Activities in Bulgaria; Policy Recommendations; Government
debt; ZUNK bonds.
1997
(File size 82KB)
Profit
Tax Law - Necessary Changes Fixed
Assets (FA); Depreciation Expenses; Buying FA; Current Expenses on FA;
Salary Regulation; Tax Rate; SMEs; Export Preferences; Income Tax.
1997
(File size 34KB)
Savings,
Investments And Economic Growth Savings
and investments in Bulgaria; Impact of the tax legislation on savings
and investments; Tax treatment of investments in Bulgaria; Proposed legislative
changes concerning depreciation.
1997
(File size 24KB)
Reform
In The Social Secutiry System Structural
Disproportion in the present Social Security System; Age Structure Development
and Movements in the Dependence Ration (DR) and Replacement Ratio (RR);
The Influence of the Arrears in Social Security Fund; Investigation of
the Effect of Possible Retirement Age Increase; The Problems of Social
Security System.
1997
(File size 62KB)
Government
Debt Instruments, Debt-Equity Swaps And Privatization In BULGARIA
on the joint project “Transparency
of Capital Markets (in the Context of Mass Privatization)" financed
by ICEG (San Francisco) Description of government debt instruments and
debt-equity arrangements; Secondary market transactions and bad debt bonds
conversion experience; Debt-equity arrangements; Policy considerations
affecting the government’s commitment to debt-equity swaps.
1996
(File size 113KB)
Fiscal
decentralization in BULGARIA Independent
municipal budget; Municipal receipts; The municipality as a subject of
private law. Legal framework for the municipal investment policy; Establishment
of municipal funds; Management of the municipal funds; Financing of the
municipal funds.
1996 (File
size 58KB)
Investment
And Savings In The Bulgarian Economy: The Contribution Of The Informal
Sector Overview
of the issue; Theoretical notes; Investment and savings in the national
economy; Problems with the data; Savings and investment by sectors of
the economy; Problems of the banking system; The Budget.
1996
(File size 101KB)
Legal
Aspects And Characteristic Features Of The Internal Debt Instruments (Zunk-Bonds)
Procedures
for Payment With ZUNK-Bonds in Privatization Deals; List of Commercial
Banks Where Investors Could Buy ZUNK-Bonds for Participation in the Privatization
Deals; Use of Bulgaria Brady Bonds in Privatization Deals; Procedures
for Payment With Brady Bonds in Privatization Deals, Pursuant to Decree
N 278 of 1994.
1996
(File size 45KB)
Reducing
Barriers In The Bulgarian Securities Market The
period of no specific regulations; Laws; Regulations; Regulatory authorities;
The drafting process; Basic issues of the law; The term “securities”;
The Securities and Exchange Commission (SEC).
1996
(File size 86KB)
Bank
Privatization In Bulgaria — A Comparative Study To Hungary And Poland
Analyzes the institutional
structure of banking system; the BNB mergers and sales program; the quality
of commercial banks’ assets and the process of banks privatization
- the philosophy of the process, current bank privatization government
approach and privatization projects for the future.
1995
(File size 101KB)
External
Financing of the Bulgarian Economy During the Transition External
Financing in the Context of the Structural and Stabilization Policies;
The period between February 1991 and June 1992; The period between mid
1992 - early 1994; The period was between 1994 and early 1995; The fourth
period started in early 1995.
1995
(File size 74KB)