IME Newsletter

Institute for Market Economics Newsletter Contents

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Vol. 7 No 1-2 Feb 2000 Krassen Stanchev on the Union of Democratic Forces Conference ( p. 1) IME Team on cost of licensing on private business: study of selected sectors (p. 2-11) IPED (Warsaw) team on the impact of foreign investment on Polish economy (p. 12-15) Also Inside: A supplement with selected macroeconomic indicators Regional Conference on the Southeast Europe Trade Initiative (SEETI): Tentative Agenda

Vol. 6 No 11-12 Dec 1999 In this issue IME presents a compilation of materials that summarize economic developments in 1999 and recapitulate economic reforms of the last ten years. The papers are based on past IME publications, recent research and findings of a broader project “In Search of Growth: Bulgaria’s Lessons and Policy Options“. The IME team included: Assenka Yonkova, Svetlana Alexandrova, Georgy Stoev, Diana Kopeva, Yordanka Gancheva, Latchezar Bogdanov, Tzveta Dimitrova, Krassen Stanchev and Zora Blagoeva

Vol. 6 No 9-10 Oct 1999 Krassen Stanchev on the municipal elections in Bulgaria (p.1); IME Team on the foreign trade liberalization (p.3); Krassen Stanchev and Dessislava Kocheva comparing the post-war Marshall Plan and the Stability Pact for the Balkans (p. 8); Also Inside: A special supplement with selected foreign trade indicators

Vol. 6 No 7-8 Aug 1999 Dr. Svetlana Alexandrova on the implementation of the 3-year agreement with IMF (p.1); Balkans in 2010: Romania by Assenka Yonkova; Balkans in 2010: Greece by Dr. Andrey Ivanov; A supplement with selected macroeconomic indicators; Georgi Stoev on the IMF Mission to Bulgaria in July

Vol. 6 No 5-6 June 1999 Dr. Krassen Stanchev with economic scenarios for the Balkans in 2010 (p. 1); Dr. Andrey Ivanov on the war over Kosovo (p.10); Dr. Andrey Ivanov and Latchezar Bogdanov on how small and medium enterprises could become engine for growth (p. 12) Also Inside: Georgi Stoev on Bulgarian foreign debt payments; Balkans in 2010: Croatia by Latchezar Bogdanov

Vol. 6 No 3-4 Apr 1999 Dr. Krassen Stanchev on the impacts of Yugoslav war on Bulgarian economy (p. 1); Assenka Yonkova on latest developments in bank privatization (p. 4); Zora Blagoeva on Bulgaria-Europe debate in Bulgarian media - an overview (p. 7); Georgi Stoev on some aspects of Bulgarian privatization (p. 11) Also Inside: A supplement with selected macroeconomic indicators

Vol. 6 No 2 Feb 1999 Dr. Krassen Stanchev, George Stoev, on pension reform in Latin America and Central and Eastern Europe (p. 1 - 4); Dr. Diana Kopeva, Docho Mihailov on business opportunities in regions with ethnically mixed population (p. 5 - 9); Dr. Georgi Ganev on the elusiveness of Bulgarian economic growth(p.10-20); Also Inside: A supplement with selected macroeconomic indicators; Briefly on consumer prices in 1998

Vol. 6 No 1 Jan 1999 I.M.E. team on major macroeconomic events in 1998 (p. 1 - 3), Andrey Ivanov on ethnic minorities and nationalism on the Balkans (p. 4 - 11), Svetlana Alexandrova,Krassen Stanchev and Alexander Popov on higher economics education in Bulgaria (p. 12 - 20);

Vol. 5 No 11-12 Nov-Dec 1998 Krassen Stanchev on fair government and sources of corruption in Bulgaria; Latchezar Bogdanov on the cost of compliance with tax legislation and incentives for informal economic activity (page 6-10) Andrey Ivanov on the possible impact of the Russian crisis on Bulgarian economic recovery,( page 11) ; Also inside: A supplement with selected macroeconomic indicators; Briefly On the balance of payments; A Letter on mortgage markets in Bulgaria from Dr. Mark Riedy; IME achievements and 1999-2000 Priorities;

Vol. 5 No 9-10 Sep-Oct 1998 Bulgaria: Economic Situation And Developments - shorter version of 1998 IME report on Bulgaria’s Current Economic Situation and Long-Term Growth Prospects. The report per se is an attempt to reflect country’s economic development in a broader institutional perspective, not merely extrapolating current trends but rather taking into account policies, an international context and the administrative capacity to follow certain policy paths. Georgi Stoev on privatization schemes and property transfer;

Octomber 1998 BULGARIA - Selected Macroeconomy Indicators . Mounhtly data; Briefly On the 1999 Budget

Vol. 5 No 7-8 August1998 Krassen Stanchev on the three-year IMF agreement for Bulgaria;IME team on the Bulgaria’s Competitive Environment (page 4) Magdalena Kotoupova and Georgi Ganev on the competetiveness of the Bulgarian wool textile industry,( page 14) ; The Slitex AD Case( page 21)Also inside: Outlook of recent Developments & Events ;

December 1997 - July 1998 BULGARIA - Selected Macroeconomy Indicators . Mounhtly data

Vol. 5 No 5-6 May 1998 Luibomir Dimitrov -on the home demand as a competitiveness factor;Diana Kopeva on the competitiveness of the Bulgarian food industry (page 5) Rossen Rozenov on the factor conditions of Bulgarian competitiveness ( page 18) ; Also inside: Outlook of recent Developments & Events ; A supplement with selected macroeconomic indicators

Vol. 5 No 3-4 April 1998 Krassen Stanchev on the developments in the Bulgarian energy market (p. 1- 2) Viktor Yotzov on the impact of foreign debt and fiscal policy on the currency board operation (p. 3 -12) Latchezar Bogdanov on the new tax regulations and their impact on business environment and entrepreneurship (p.13 - 16) Also inside: Outlook of recent Developments & Events

July 1997 - February 1998 BULGARIA - Selected Macroeconomy Indicators . Mounhtly data

Vol. 5 No 1-2 February 1998 Latchezar Bogdanov on the economic developments in 1997(p.1- 3) Nikolay Nenovsky, Kalin Hristov Criteria For Evaluation of the Systemic Risk Under Currency Board (p.4 - 12)

February - November 1997 BULGARIA - Selected Macroeconomy Indicators . Mounhtly data

Vol. 4 No 11 November 1997 Svetlana Alexandrova and Latchezar Bogdanov on the operation of the newly established Stock Exchange (p.1- 3) The legal framework for foreign investment in Bulgaria a lawyer’s comment by Djingov, Gouginski, Kyutchukov & Velitchkov Attorneys and Counselors at Law (p.4 - 8)

Vol. 4 No 9-10 September-October 1997 Bulgaria:Current Economic Situation And Long-term Growth Prospects A prior version of this paper was a part of a larger Warning Paper, “Bulgaria: Risks of Political Future” which was drafted by the Center for Liberal Strategies (CLS) and IME under a special contract between CLS and UNDP.

Vol. 4 No 7-8 July-August 1997 Politics: Krassen Stanchev on the ability of the UDF government to cease corruption and non-transparent action (p.1 – 5) “Natural” Monopolies: Alexander Kashamov on the national security and the case of the National Electrical Company(p.7,8 and 15) Finance Tzvetan Mantchev on the development of the banking system in Bulgaria under a currency board regime (p.10 – 14)

Vol. 4 No 6 June 1997 Macroeconomics: Prof., Dr. Raimund Dietz on the possible scenarios for Bulgaria after the Currency Board is introduced (p.1 – 4) Microcredit: Stefan Kyutchukov and Dimitar Totev on the prevailing schemes to finance small enterprises in Bulgaria (p. 5 – 7) IME Survey on bureaucrats in business (p.10 – 14) Bulgarian Foreign Trade in figures (p.15 – 16)

Vol. 4 No 5 May 1997 The IME conference: Beyond Disasters:What Policies Ensure Growth and Prosperity Rossen Rozenov on the possibilities for accelerating privatization through the use of Bulgaria’s external debt bonds Currency Board: IME experts estimate the possible fixing of the national currency (p.8 – 9) Politics: Excerpts from the program of the new Bulgarian government (p.10 – 12)

Vol. 4 No 4 April 1997 Politics: Krassen Stanchev on the results in the general elections in Bulgaria (p.1 - 2) Exclusive: The IME conference: Beyond Disasters:What Policies Ensure Growth and Prosperity (p.3 – 12) Bojidar Dimitrov and Rossen Rozenov on the effect of the Profit Tax Law on Investment in Bulgaria (p.3 - 6) Mariella Nenova, Gabriella Stoyanova and Petia Petrova on the necessary reforms in the social security system ( p.7 – 10) Lubomir Dimitrov on the accretion of the mass privatization through removing legal constraints (p.10 - 12 )

Vol. 4 No 3 March 1997 Currency Board Steve H. Hanke - a comparison between the circumstances lead to installment of a currency board in Argentina and Bulgaria (p.1 and 4) Debt Instruments Stefan Tzvetkov and Kenneth Lefkowitz on the development of ZUNK bonds’ market in Bulgaria (p.2 – 3) Foreign Investment Investment in Bulgarian T-Bills - a comment by lawyers (p. 4) Stabilization Ilian Mihov is analyzing the stabilization policy in Bulgaria for the last 6 years and suggests way out ( p. 5 – 8)