The report provides a comprehensive assessment of private sector environment in Bularia in the early years of the transition, as well as a policy road map for future development of a competitive private sector

Bulgaria is one in the group of Eastern European countries in which single-party communist rule came to an end in 1989. This paper presents an overview of the consequent political change and economic policy in Bulgaria as the transition progressed, up until the end of 1994

The paper reviews Bulgaria's inter-governmental finances and the process of fiscal decentralization during the early transition (1990-95) from centrally planned to a market economy. The paper discusses salient features and reform issues in tax assignments, inter-governmental relations,...

This paper utilizes the 1992 household budget survey of Bulgaria to show the poor revenue effects of the income tax structure prevailing in 1992 which did not take into account the underlying distribution of income. We also show that Bulgaria can benefit from a much simpler and lower income tax...