Doing Business Reform Memorandum : Bulgaria
Bulgaria experienced strong economic growth prior to and shortly after joining the European Union (EU) in 2007. Under the better regulation program, the government adopted over 100 measures to reduce the regulatory and administrative burden, but no...
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/11/25491145/bulgaria-doing-business-reform-memorandum http://hdl.handle.net/10986/23325 |
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okr-10986-233252021-04-23T14:04:14Z Doing Business Reform Memorandum : Bulgaria World Bank Group ECONOMIC DEVELOPMENT ENTREPRENEURSHIP Bulgaria experienced strong economic growth prior to and shortly after joining the European Union (EU) in 2007. Under the better regulation program, the government adopted over 100 measures to reduce the regulatory and administrative burden, but no formal mechanism was introduced to regularly monitor and review its implementation at the national or municipal level. Some areas, in which entrepreneurs expected to see improved efficiency, actually saw setbacks. The time needed to get a construction permit, import license, or operational license almost doubled between 2008 and 2013, and senior managers of firms reported that they were spending more time, 22 per cent in 2013 , dealing with public officials or public services than in 2008, when it took 14 per cent of their time. The final diagnostic study considered in this memo is the Doing Business report, which is also the basis for the reform recommendations presented in the document. According to last year’s Doing Business report, business regulation in Bulgaria varies significantly across the areas measured. Bulgaria is among the global top 50 performers in 4 of the 10 areas, specifically, protecting minority shareholders (14th), getting credit (23rd), resolving insolvency (38th), and starting a business (49th). Bulgaria‘s performance lags behind in four areas, getting electricity (125th), dealing with construction permits (101st), paying taxes (89th), and enforcing contracts (75th). 2015-12-10T23:04:28Z 2015-12-10T23:04:28Z 2015-10 Report http://documents.worldbank.org/curated/en/2015/11/25491145/bulgaria-doing-business-reform-memorandum http://hdl.handle.net/10986/23325 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Country Economic Memorandum Europe and Central Asia Bulgaria |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English en_US |
| topic |
ECONOMIC DEVELOPMENT ENTREPRENEURSHIP |
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ECONOMIC DEVELOPMENT ENTREPRENEURSHIP World Bank Group Doing Business Reform Memorandum : Bulgaria |
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Europe and Central Asia Bulgaria |
| description |
Bulgaria experienced strong economic
growth prior to and shortly after joining the European Union
(EU) in 2007. Under the better regulation program, the
government adopted over 100 measures to reduce the
regulatory and administrative burden, but no formal
mechanism was introduced to regularly monitor and review its
implementation at the national or municipal level. Some
areas, in which entrepreneurs expected to see improved
efficiency, actually saw setbacks. The time needed to get a
construction permit, import license, or operational license
almost doubled between 2008 and 2013, and senior managers of
firms reported that they were spending more time, 22 per
cent in 2013 , dealing with public officials or public
services than in 2008, when it took 14 per cent of their
time. The final diagnostic study considered in this memo is
the Doing Business report, which is also the basis for the
reform recommendations presented in the document. According
to last year’s Doing Business report, business regulation in
Bulgaria varies significantly across the areas measured.
Bulgaria is among the global top 50 performers in 4 of the
10 areas, specifically, protecting minority shareholders
(14th), getting credit (23rd), resolving insolvency (38th),
and starting a business (49th). Bulgaria‘s performance lags
behind in four areas, getting electricity (125th), dealing
with construction permits (101st), paying taxes (89th), and
enforcing contracts (75th). |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Doing Business Reform Memorandum : Bulgaria |
| title_short |
Doing Business Reform Memorandum : Bulgaria |
| title_full |
Doing Business Reform Memorandum : Bulgaria |
| title_fullStr |
Doing Business Reform Memorandum : Bulgaria |
| title_full_unstemmed |
Doing Business Reform Memorandum : Bulgaria |
| title_sort |
doing business reform memorandum : bulgaria |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/11/25491145/bulgaria-doing-business-reform-memorandum http://hdl.handle.net/10986/23325 |
| _version_ |
1764453741669384192 |