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The New Legal Framework for Public Enterprises

Author

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  • Zhivka Mateeva

    (University of Economics - Varna, Varna, Bulgaria)

Abstract

The fast changing socio-economic conditions worldwide, the public the need to build a functioning market economy in our country, the need to harmonize Bulgarian legislation with that of the European Union have necessitated the adoption of an entirely new legal framework for public enterprises. Emphasis in the development is placed on the current and complex legislative changes introduced by the Public Enterprises Act and the Regulations for its implementation, which are guarantee for the improvement of the corporate governance of public enterprises, of the results in their financial condition, limiting the fiscal risks, as well as increasing the publicity and accountability of their management. In the end, conclusions are made about the application of the new legislation governing public enterprises.

Suggested Citation

  • Zhivka Mateeva, 2020. "The New Legal Framework for Public Enterprises," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 9(2), pages 103-110, August.
    • Handle: RePEc:vra:journl:v:9:y:2020:i:2:p:103-110
    DOI: 10.36997/IJUSV-ESS/2020.9.2.103
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    File URL: http://su-varna.org/journal/IJUSV-ESS/2020.9.2/103-110.pdf
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    References listed on IDEAS

    as
    1. Holger MAHLENKAMP, 2015. "From State To Market Revisited: A Reassessment Of The Empirical Evidence On The Efficiency Of Public (And Privately-Owned) Enterprises," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 86(4), pages 535-557, December.
    2. Giorgio Stefani, 1968. "Ciriec International Committee For The Study Of The Financing Of Public Undertakings In European Countries," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 39(3), pages 353-406, July.
    3. Epaminondas Spiliotopoulos, 1966. "The Nature Of The Public Undertaking," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 37(3), pages 273-298, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    public enterprises; state policy; agency for public enterprises and control;
    All these keywords.

    JEL classification:

    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law

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