Mortgage Bonds Law in English, State Gazette, issue No.83 of Oct.10, 2000
The Law can be of great use for different reserach purposes.
2000 (File size 1450 KB) | Read it in:

Financial Sector Competitiveness: On a Crossroad between Legacies of the Past and New Development
by Assenka Yonkova, IME
The paper is focused on the developments in Bulgarian financial sector in the beginning of 2001. The main goal is to evaluate the competitiveness of the sector, analyzing factor conditions, demand structures, strategies and rivalry, and clustering among financial intermediaries. The survey includes both banking and other forms of financing.
2001 (File size 1450 KB) | Read it in:

Rules, Regulations, and Transition Costs in Transition Bulgaria
by Yordanka Gancheva, IME
The main objective of the study was to identify and estimate the transaction costs of small businesses in Bulgaria, i.e. the costs of time and financial resources needed to enter, operate in or get out of business which result from the regulatory framework and the interaction of firms with public institutions. The survey is based on interviews with 121 micro and small companies in different locations in Bulgaria.
2000 (File size 265KB) | Read it in:

The Shadow Economy in Bulgaria
Harvard University, Agency for Economic Analisys and Forcasting, IME
The objective of this study is to estimate the size of the informal sector in Bulgaria, its structure, the incentives for its development and the effect on the economic growth and the competitiveness of the economy in Bulgaria. The study also analyzes some of the effects of the tax and social insurance system, effects of labor contracting and wage level as well as effects of the administrative costs.
2000 (File size 203KB) | Read it in:

Mortgage Financing in Bulgaria
by Tzveta Dimitrova, Martin Dimitrov, IME; Daniela Vladimirova, DSK Bank, Dr. Krassen Stanchev, IME (editor)
The paper provides detailed analysis of the development of the mortgage financing and housing markets in Bulgaria. It is focused on the legal aspect and provisional impact of the Mortgage Bonds Law, the historical developments of mortgage financing in the country as well as on the current status of Bulgarian housing and construction industry.
2000 (File size 309KB) | Read it in:

Evaluation of the post-privatization monitoring system in Bulgaria
IME, Center for Social and Economic Research (Poland)
The goal of the study is to evaluate how privatization bodies have monitored and enforced non-price requirements laid down in privatization contracts and their impact over company strategies. It provides insights into the legal and institutional framework of post-privatization control. The paper also analyses the commitments most frequently included in privatization contracts, as well as the system of reporting and sanctions. The study is based on interviews with 11 company managers and representatives of privatizing institutions.
2000 (File size 214KB) | Read it in:

Fiscal Effects of the Privatization: the Case of Poland and Bulgaria
IME, Center for Social and Economic Research (Poland)
The study is to verify and update conjunctions between declared priorities, applied strategies and the fiscal effect of privatization. It includes an evaluation of the fiscal effects of privatization in both countries in the period since the very beginning of the process, i.e. in the case of Poland since 1990 and in the case of Bulgaria since 1993.
2000 (File size 1774KB) | Read it in:

Banking Sector Management under Currency Board
Composed by Assenka Yonkova, IME
A collection of papers dealing with the banking system in Bulgaria under a currency board regulation.
The Bulgarian National Bank And The Political Process: 1997 - 1999 by Dr Krassen Stanchev (File size 26KB) | Read it in:
Development Of The Banking Sector in Bulgaria by Assenka Yonkova, Svetlana Alexandrova, Latchezar Bogdanov (File size 78KB) | Read it in:
Structure And Organization Of The Operation Of Bulgarian National Bank by Assenka Yonkova (File size 92KB) | Read it in:
Criteria For Evaluation Of The Systemic Risk Under Currency Board by Nikolay Nenovsky, Kalin Hristov (File size 195KB) | Read it in:
Structuring And Conduct Of Bank Supervision In Bulgaria by Petar Ignatiev, Rumen Simeonov (File size 78KB) | Read it in:
Analyzing Of Central Bank's Asset Structure And Of Asset Risk Management by Vladimir Tzarevski (File size 66KB) | Read it in:
Foreign Debt And Fiscal Impact On The Currency Board Operation by Viktor Yotzov (File size 92KB) | Read it in:
1999 (File size 560KB) | Read it in:

Pension Reform Models in Latin America and Central and Eastern Europe
by George Stoev, Krassen Stanchev, IME
The paper provides a background overview of pension reforms in Latin America and Central and Eastern Europe, as well as macroeconomic considerations at the outset of Bulgarian pension system reform.
1999 (File size 24KB) | Read it in:

Needs for Deregulation of Tax System in CEE
Institute for Private Enterprise and Democracy (Warsaw), Institute for Liberal Studies (Bratislava ), IME.
This is a comparative study of tax reforms in Bulgaria, Poland and Slovakia in 1997-1998. It also features a survey of entrepreneurs' attidutes towards different alternative taxation systems.
1998 (File size 460KB) | Read it in:

Transparency of tax regulations and costs of compliance,by Latchezar Bogdanov, IME.
The main objective of this paper is to outline the major effects that Bulgarian tax legislation had on economic behavior and consequently corruption during economic transition period of 1991-1998. It is based on the assumption that individuals act rationally, meaning that they choose the best of all possible options according to their scale of preferences.
1999 (File size 460KB) | Read it in:

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) | Read it in:

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) | Read it in:

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) | Read it in:

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) | Read it in:

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) | Read it in:

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) | Read it in:

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) | Read it in:

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) | Read it in:

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) | Read it in:

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) | Read it in:

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) | Read it in: