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The Organized Commodity Markets in Bulgaria

Author

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  • Mariana Bozhinova

Abstract

The modern market economy could not develop without a well-structured and constantly improving market infrastructure. The organized commodity markets are considered its key elements. This article examines the legislatively created commodity markets – commodity exchanges and wholesale markets. The necessity of their development is explained, their state is analyzed and conclusions are drawn regarding their main problems: the low level of the trade with agricultural goods; the lack of futures trade on the commodity exchanges; the need for raising the brokers qualification; the creation of Internet-based unified system for electronic commerce. In consequence of this solutions are offered in order to approve the work of the organized commodity markets.

Suggested Citation

  • Mariana Bozhinova, 2005. "The Organized Commodity Markets in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 151-174.
  • Handle: RePEc:bas:econst:y:2005:i:3:p:151-174
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    JEL classification:

    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce

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