The Bulgarian Stock Exchange started to really operate very recently. We use it to generate conditions for the faster inflow of foreign investment and for a faster-track privatisation. We consider the Stock Exchange a precondition for instilling confidence in Bulgarian and foreign investors. The Government does its best to avail of the existing investment opportunities in the form of interests acquired under concession contracts. These are expected to become an important element of the country's general investment structure.
Some specific issues related to investment in certain sectors of the economy are to be codified.
The subordinate legislation which is now effective in licensing exploration and prospecting provides for no privilege to the license-holding company to get concession for the extraction of the ores and minerals that it has discovered. Go to top Effective foreign investment structures A Consultative Council for Foreign Investment and External Financing was set up with myself for the further improvement of the investment environment in the country. It is composed of representatives of the largest foreign investors, leading consulting companies, investment banks and international financial organisations. The Consultative Council discusses the policies to promote and attract foreign investment, maps out measures to improve the legal arrangements in order to improve the investment climate in the country, discusses projects of national and sectoral programmes designed to attract foreign investment. The Foreign Investment Agency as a specialised operational body of the Government to promote foreign investment operates successfully.