Bulgaria's Policy for Regulatory Reform in the European Union : Converging with Europe's Best Regulatory Environments
Bulgaria's entry into the EU Single Market raises new opportunities and new risks for the national economy. As shown in the rest of Europe, a program of regulatory reform offers an effective strategy for managing the risks of more intense comp...
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Format: | Other Environmental Study |
Language: | English en_US |
Published: |
Washington, DC
2013
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Online Access: | http://documents.worldbank.org/curated/en/2007/06/16436610/bulgarias-policy-regulatory-reform-european-union-converging-europes-best-regulatory-environments http://hdl.handle.net/10986/12761 |
Summary: | Bulgaria's entry into the EU Single
Market raises new opportunities and new risks for the
national economy. As shown in the rest of Europe, a program
of regulatory reform offers an effective strategy for
managing the risks of more intense competition while
preparing Bulgarian companies to prosper within the largest
economy in the world. Bulgaria has already made significant
progress in regulatory reform, with an emphasis on
developing regulatory impact analysis (RIA) in
Bulgaria's public administration. To support these
activities, the Council of Ministers agreed in August 2006
to the proposal of the Ministry of Economy and Energy to
develop a national plan for better regulation. The goal is
to progressively achieve a low-cost, low-risk regulatory
system that both supports national competitiveness and
effectively protects public interests. To achieve its
potential, Bulgaria should converge, not with a minimum
standard of regulatory reform, but with the best performers
in Europe. This policy paper identifies nine tasks for
setting up a modern regulatory system and meeting European
obligations. These nine tasks are intended to improve the
ability of the central government to promote regulatory
reform, to build better regulation practices through the
institutions of governments, and to improve the quality of
both the stock and the flow of regulation on a permanent basis. |
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