Bulgaria : 1998-1999 / Organisation for Economic Co-operation and Development.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development Staff, Corporate Author.

Contributor:

Organisation for Economic Co-operation and Development, contributor.

Series:

OECD Economic surveys (Series)

OECD Economic Surveys

Language:

English

Subjects (All):

Economic history.

Bulgaria--Economic conditions.

Bulgaria.

Bulgaria--Economic policy.

Physical Description:

1 online resource (111 pages).

Edition:

1st ed.

Place of Publication:

Paris : OECD Publishing, [1999]

Language Note:

English

Summary:

Assessment and recommendations I. Macroeconomic performance and policy -The roots of the economic crisis of 1996 and 1997 -Measures to confront the crisis -Stabilisation and the balance of payments: the sustainability of the macro-policy regime -Output and investment: the impact of the crisis and prospects for recovery -The budget, fiscal policy, and government debt: from crisis to consolidation -Employment, income and living standards: the costs of prolonged transition II. The revival of commercial banks -Background: commercial banks and the economic crisis of 1996-97 -Changes in laws and regulations for commercial banks: 1996-1998 -The state and behaviour of Bulgarian banks since mid-1997 -The rebuilding of commercial banking in Bulgaria: the challenges for the future III. Privatisation and restructuring in the corporate sector -Industrial enterprises: measures to cut losses and promote restructuring -Privatisation -Foreign direct investment -The international competitiveness of the corporate sector -Opening the economy to competitive pressures -The EU accession process Bibliography.

Contents:

Intro

Table of contents

List of boxes

Box 1. The currency board arrangement in Bulgaria

List of figures

Figure 1. Financial instability

Figure 2. Monthly CPI and PPI inflation

Figure 3. Currency in circulation

Figure 4. 3-month Bulgarian T-Bill rate and the 3-month LIBOR for the Deutschemark

Figure 5. Gross assets of the Currency Board

Figure 6. Real quarterly GDP levels in 1996-1998 relative to 1995

Figure 7. Outstanding commercial credit to the non-financial sector (real and dollar values)

Figure 8. Average dollar value of gross monthly wages in Bulgaria and selected transition economies

Figure 9. Tax revenue, interest expenditures and central budgetary balance

Figure 10. Monthly tax revenue to the central budget in 1997 and 1998

Figure 11. Bulgarian domestic debt

Figure 12. Public pension dependency ratios in Bulgaria,

Figure 13. Bulgarian National Bank refinancing of commercial banks

Figure 14. Deposits of the non-financial sector in commercial banks

Figure 15. Interest rates

Figure 16. Offer prices on Brady 1 and ZUNK bonds

List of tables

Table 1. Basic economic indicators

Table 2. Selected balance of payments indicators

Table 3. Bulgarian exports by country of destination: 1996-1998

Table 4. The dynamics of GDP by sector

Table 5. Real indices of consumption and investment

Table 6. Real industrial output

Table 7. The composition of Bulgarian exports

Table 8. Real value added in the private sector

Table 9. The consolidated state budget

Table 10. Bulgarian foreign debt

Table 11. Basic welfare indicators

Table 12. Commercial bank indicators

Table 13. Financial results of enterprises on the isolation list

Table 14. Profitability of state-owned enterprises

Table 15. Methods of privatisations.

Table 16. Privatisation deals contracted to advisors and transaction agents

Table 17. The results of cash privatisation

Table 18. Largest privatisation deals since 1997

Table 19. The results of mass privatisation

Table 20. Foreign direct investment in Bulgaria 1

Table 21. Foreign direct investment in transition economies

Table 22. Bulgaria's revealed comparative advantage and disadvantage

Table 23. The diffusion of standardisation in transition economies (end-1996)

Table 24. Priorities and objectives included in the Accession Partnership

Table 24. Priorities and objectives included in the Accession Partnership (cont.)

Basic statistics of Bulgaria

Assessment and recommendations

Chapter 1. Macroeconomic performance and policy

The roots of the economic crisis of 1996 and 1997

Measures to confront the crisis

Stabilisation and the balance of payments: the sustainability of the macro-policy regime

Output and investment: the impact of the crisis and prospects for recovery

Figure 7. Outstanding commercial credit to the non-financial sector (real and dollar values).

Table 8. Real value added in the private sector

The budget, fiscal policy, and government debt: from crisis to consolidation

Employment, income and living standards: the costs of prolonged transition

Chapter 2. The revival of commercial banks

Background: commercial banks and the economic crisis of 1996-97

Changes in laws and regulations for commercial banks: 1996-1998

The state and behaviour of Bulgarian banks since mid-1997

The rebuilding of commercial banking in Bulgaria: the challenges&amp

line

for the future

Chapter 3. Privatisation and restructuring in the corporate sector

Industrial enterprises: measures to cut losses and promote restructuring

Privatisation

Restitution

Cash and voucher privatisation: recent programmes and laws

Table 15. Methods of privatisations

Table 16. Privatisation deals contracted to advisors and transaction agents

The results of privatisation: 1997-1998

Table 17. The results of cash privatisation.

Table 18. Largest privatisation deals since 1997

Problems and policy challenges in privatisation

Foreign direct investment

Table 20. Foreign direct investment in Bulgaria

The international competitiveness of the corporate sector

Opening the economy to competitive pressures

Privatisation and liberalisation in network industries

Energy

Telecommunications

The EU accession process

Notes

Bibliography.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

9789264167735

9264167730

OCLC:

1132391784