Effects of Privatization of Industrial Enterprises in Bulgaria. Report on Empirical Research

This Report presents the results of empirical research concerning the progress of privatization and its impact on the situation of privatized enterprises. The study is a part of the system of monitoring the processes of ownership transformations in the Bulgarian economy. The research was carried out in autumn 1998 by the Center for Economic Development (CED) in Sofia, the Agency for Economic Analysis and Forecasting (AEAF) in Sofia, and the Center for Social and Economic Research (CASE Foundation) in Warsaw. The research was a part of an advisory project "Support for Economic Reforms in Bulgaria", implemented by the CASE Foundation and financed by the Open Society Institute in Budapest. The research team consisted of: Julian Pankow (CASE) - project coordinator and research leader, Lubomir Dimitrov (AEAF) and Piotr Kozarzewski (CASE). Moreover, the following persons were involved in various stages of preparation and implementation of the project: Mariela Nenova (AEAF Director), Marinela Petrova (AEAF), Diana Hristozova (CED) and Boguslav Tatarevich (CASE). The fieldwork part of the research was completed in September and October 1998 by Vitosha Research company affiliated at the Center of the Study of Democracy in Sofia.