Minister Bogdanov: We Will Improve Performance in Public Enterprises

Minister Bogdanov: We Will Improve Performance in Public Enterprises

Bulgaria’s OECD membership is a key priority, says new economy minister

Improving the performance of public enterprises is one of the main missions I set for myself when I took over the Ministry of Economy and Industry. We definitely have areas where we can improve processes and we want to use best practices to bring Bulgaria as close as possible to its strategic partners. This was announced by the Minister of Economy and Industry Bogdan Bogdanov, who opened the first meeting of the fact-finding mission in Bulgaria of the Corporate Governance Committee of the Organisation for Economic Co-operation and Development (OECD).

During the meeting Minister Bogdanov stressed that Bulgaria’s membership in the OECD is a key priority. ‘I guarantee that you will have the full support of all state institutions, consistency in the measures that will be implemented to realize our country’s membership in the organization,’ Minister Bogdanov said. He assured that our country has taken the necessary changes at the level of legislative changes, implementing regulations of the specific laws so as to work in full compliance with the OECD regulations.

Minister Bogdanov expressed confidence that constructive dialogues will be held this week, there will be fruitful cooperation with the OECD to achieve the objective of the mission.

The meeting is the first in a series of discussions from 12 to 15 June, hosted by the Ministry of Economy and Industry. Representatives from the Ministry of Foreign Affairs, the Ministry of Finance, the Commission for Public Oversight of Statutory Auditors, the Court of Auditors, the Ministry of Energy, the National Corporate Governance Commission, BDZ Holding, Confederation of Employers and Industrialists in Bulgaria, Bulgarian Chamber of Commerce and Industry, Transparency International Bulgaria, etc. are expected to participate in the meetings with the OECD Secretariat.