요약
The decree seeks to nudge Bulgaria toward a market-oriented economy by abolishing the state monopoly over foreign trade, encouraging joint ventures, allowing foreign companies to set up and manage wholly-owned subsidiaries and permitting, in many cases, repatriation of profits in hard currency.
For companies seeking a foothold in Eastern Europe in the high-tech area, Konstantin Glavanakov, deputy minister of foreign economic relations, noted that Bulgaria is the largest exporter of electronic goods among the Comecon nations. Comecon, the Council for Mutual Economic Assistance, is the East bloc trade group.
Furthermore, he noted, Comecon over the next five years will remove its internal tariffs and become virtually a tariff-free market of 300 million consumers. As that happens, foreign companies based in Bulgaria will be afforded the same treatment as Bulgarian-owned companies.