Volume 3, September, 2020

 

INSTITUTIONAL CHANGES AND ECONOMIC DEVELOPMENT OF BULGARIA

Iliyana Y. Vutova
Pages: 94-108


ABSTRACT - The transition from a centrally planned to a democratic and liberal economy based on market relations, including in itself institutional, social and economic changes that have a significant role in the macroeconomic restructuring of our country. Privatization is a process that represents the acquisition of state property rights of entire enterprises and real estate by private individuals or, in other words, the replacement of state property with private property.

 

Keywords: institutional change, macroeconomic restructuring, inflation, BVP, privatization, modernizationt

 

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