The Legal Framework of the Bulgarian Industry – an Attempt to Deal with Business Crises

Aneta Deneva ()
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Aneta Deneva: 'D.A. Tsenov' Academy of Economics, Svishtov, Bulgaria

Proceedings of the Centre for Economic History Research, 2019, vol. 4, 228-239

Abstract: Providing the right conditions for business development and protecting it against possible shocks such as business crises is a key objective and priority of individual governments and countries. A significant role in the solution of this task lies in the sophisticated normative framework and the adopted written rules for the functioning of the business structures. The economic activity is regulated by two types of systems. On the one hand, these are business practices, which are a set of rules, principles and norms directly related to the business of society. On the other hand, it is purely legal regulation, which includes basic laws, regulations, etc., which should be searched in ancient Roman law and which has a leading and decisive place and importance in this regulation. Because of this, and a number of other reasons, changing the "rules of the game" is one of the leading priorities and purpose of each management. In this paper are analyzed only two main periods of the creation and operation of the legal framework of the Bulgarian industry, which are radically opposed by principles, objectives and tasks.

Keywords: legal framework; business crises (search for similar items in EconPapers)
JEL-codes: L16 L52 N13 N14 (search for similar items in EconPapers)
Date: 2019
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