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Sabine Leblon
European Round Table
Tel : +32 2 /534 31 00 ou 543 10 57
E-mail : s.leblon@ert.be
-----Original Message-----
From: Marc Mathieu
[mailto:marc.mathieu@pi.be]
Sent: 24 October 2001 22:16
To: efes@cog.kent.edu
Subject: EFES: Bulgarian comments
on EFES draft opinion
Dear Marc,
As I
read your excellent draft paper, and then followed the e-mail discussion
between David, Rainer, Shann and you, I find everything mentioned quite
actual and relevent. Still I should add up something referring more
specifically to the MEBO's in Central and East European countries which the EU
an European Parliament should have in mind. Since, after 1989, a huge amount of
assets in these countries was privatized in a relatively short period of
time, the greater part of these privatizations took place in the form of
Management and Employee Buy-outs, utilizing the preferences for this kind
of privatization secured by these countries' legislation. In Bulgaria, for
example, the number of MEBO companies is around 1 500. What all such
companies have, or rather lack in common is turnover and investment
capital. The MEBO companies in our countries are also much in need of technical
assistance - training etc. Provided the large numbers of these companies, and
the extremely difficult economic condition in which almost all of them are
now, they will be the ones to determine the economic "face" of
Central and East European countries while applying to join the EU. My
point is, given the complexity and specifics of the situation and their
urgent needs, that the MEBO companies in the countries of Central and
Eastern Europe be considered separately from EC countries,
while simultaneously treated with greater care.
Evgenie
Kostourkov
Ownership
Foundation, CEO
Bulgaria