Transformation and Privatization of State-Owned and Municipal Enterprises Act. Country/Territory Bulgaria Document type Legislation Date 1992 (1999) Source FAO, FAOLEX Subject Agricultural & rural development Keyword Agricultural development Non-governmental entity Business/industry/corporations Geographical area Eastern Europe, Europe, European Union Countries Abstract This Act establishes the terms and procedures under which state-owned enterprises shall be transformed into single-person companies and shall become subject to privatization. Transformation of state-owned enterprises means the division of the equity provided by the state into shares or interests under the provisions of the Commercial Code. Privatization shall be carried out on the basis of programmes approved by the Council of Ministers, prepared by procedure established by the Council. The Coun Full text English