Bulgaria - Integrated State-Owned Enterprises Framework (iSOEF) Assessment
Bulgaria's transition to a market economy involved massive privatizations over the past few decades, however the central government still retains a portfolio of State-Owned Enterprises (SOEs) which includes some of the largest companies in ter...
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| Format: | Report |
| Language: | English |
| Published: |
Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099950104082230689/P17633802257d600e09f9703e6a339a1e74 http://hdl.handle.net/10986/37304 |
| Summary: | Bulgaria's transition to a
market economy involved massive privatizations over the past
few decades, however the central government still retains a
portfolio of State-Owned Enterprises (SOEs) which includes
some of the largest companies in terms of assets and
revenues and dominates strategic sectors such as energy and
transport. This report applies the new World Bank integrated
State-Owned Enterprises Framework (iSOEF) to assess the
Bulgarian state-owned enterprise (SOE) sector and help to
identify ways to strengthen its corporate governance and
performance. The report provides one of the first
comprehensive applications of the World Bank's new
iSOEF in Eastern Europe. The report outlines the SOE
landscape in Bulgaria and then assesses two key aspects:
SOEs fiscal impact and their corporate governance and
accountability mechanisms. Leveraging World Bank expertise,
this multidimensional assessment looks at the
interrelationships of the challenges and opportunities faced
by Bulgarian SOEs to propose holistic and sequenced
recommendations that aim to strengthen governance and
performance. The primary audience of the iSOEF assessment is
the government of the Republic of Bulgaria, in particular
the Ministry of Finance, the Ministry of Economy and
Industry, the Public Enterprises and Control Agency (PECA),
and other relevant stakeholders. |
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