The Bulgarian Water Crisis and Privatization

Logan Calichman
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Logan Calichman: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

No 170, Studies in Applied Economics from The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

Abstract: The Bulgarian water sector is plagued with an aging infrastructure and extensive water leakage. When the city of Pernik ran out of water in late 2019, it was due to the complete breakdown of a system built by the communists in the 1960s and 1970s. While crumbling dams and pipe breaks remain the most pressing issue in Bulgaria, self-serving oligarchs operating as heads of public companies create an environment of government corruption that cripples operations. In this paper, the author will explore why the failing water sector in Bulgaria lacks proper financing and an incentive to innovate. Then, the author will conclude with a privatization-based solution that engages the private company already operating in Sofia.

Pages: 28 pages
Date: 2020-11
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jhisae:0170

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