| Dokumendiregister | Rahandusministeerium |
| Viit | 11-4.1/3500-1 |
| Registreeritud | 01.08.2024 |
| Sünkroonitud | 02.08.2024 |
| Liik | Sissetulev kiri |
| Funktsioon | 11 RAHVUSVAHELINE SUHTLEMINE JA KOOSTÖÖ (ELO) |
| Sari | 11-4.1 Rahvusvahelise koostöö korraldamisega seotud kirjavahetus (Arhiiviväärtuslik) |
| Toimik | 11-4.1/2024 |
| Juurdepääsupiirang | Avalik |
| Juurdepääsupiirang | |
| Adressaat | Ministry of Finance |
| Saabumis/saatmisviis | Ministry of Finance |
| Vastutaja | Martin Põder (Rahandusministeerium, Kantsleri vastutusvaldkond, Euroopa Liidu ja rahvusvahelise koostöö osakond) |
| Originaal | Ava uues aknas |
REPUBLIC OF BULGARIA
rFo the Ministers of the ECOFIN Couiicil 9 Sofia, 19 July 2024
DQ,, As you are aware the euro accession is a Iong-standing goal of Buigaria and is among the main
priorities of the Bulgarian government. The current caretaker government advances the rapid
impiernentation of the National Pian for the Introduction of the Euro in the Republic of Buigaria
with the aim to cornplete the fuil integration of the country in the Economic and Monetary Union
of the EU. 1 would like to use the opportunity to make you familiar with the progress of our
ERM II post-entry comrnitrnents with a short overview of the achievernenls in an attachrnent to
this letter.
Buigaria acceded to the ERM EI Ofl 10 July 2020 with the expressed cornrnitment to continue
on the path to euro area accession. That intent was conveyed through the adoption of an Action
pian with measures to address the ERM 11 post-entry comrnitrnents in the following four areas:
supervision oC the non-hanking financial sector, the insolvencv framework, the anti-money
laundering framework, and state-owned enterprises with rnost of the commitments having been
fuifil[ed successfully. The current impiementation rate is approximately 94%, with only two
outstanding measures.
The remaining ohligations pertain to the alignrnent of the composition of the State-Owned
Enterprises (SOEs) hoards with the Law on Public Enterprises, which is alrnost fuily cornpleted,
and the other concerns the adoption and impiementation of the SOEs’ transformation
prograrnme with the aim to restructure the state-owned enterprises into joint stock companies
or puhlic admiriistrative bodies. It is ilnportant to outline that even though such a prograrnrne
has heen adopted in 2022, following an analysis, we are witnessing serious resistance on its
impiernentation frorn society, diffcrent non-govcrnrnental organisations, the SOEs and their
principals, with opposition beicig especially robust in the forestry sector. The resistance is
triggered by the assertion that the analysis is based predominantly on accounting and financial
data, without taking fully into account other reievant factors such as the puhiic functions of the
SOEs, their legal framework and their joint fuifiilrnent of national and European policy goals.
On the other hand, the policy environment and the circurnstances have changed suhstantialiy Rahandusministeerlum
2024 102, Rakovski SI. Sotia 1040, Buigaria
phorw: (+359 2) 9859 24)01 fax: (÷3592)9870581
ininfin@ minfin.bg flr ..• vww,niin1in.hg
REPUBLIC OF BuL(;ARIA
with new legislation and sectoral strategic docurnents in place, retlecting on the environrnent iii
which the SOEs operate and on the main conclusinns of the analysis.
That heing said, 1 would very rnuch appreciate if you could share your country’s national
organisational model of forestry management. In particular, general information on the
owncrship of the forests (what the share is between privately and puhlicly own forests) and
inore specifically the legal and regulatory base; legal form of the forestry entities:
governance structure and organization; public and social functions; policy objectives;
administrative role, mandates and responsibilities. Also any past or present experience
related to the transforrnationlrestructuring of SOEs in this field and concretc steps and stages of
transforrnation, in case such processes have heen implernented. 1 hope Buigaria can benefit from
the experience of your country iLi this specific sector by scrutinising your approach to the
management of the state-owned enterprises with the intent to emulate germane designs.
1 would appreciate your informative reply at your earliest convenience but if possible by the
heginning of September. This wiII give us an opportunity to analyse the information and assess
what would suit best to our national specificities with a view of updating the SOEs
transformation programme.
1 avail tnyself of the oppoatunity to express to you the assurance of my highest consideration.
Sincerely yourS,
LYtJDMILA PETKOVA DEPUTY PRIME MINISTER AND MINISTER OF FINANCE
Enclosure: Infographic — progress of Post ERM 11 commitnient impiementation
phone (+3592)985924)01 rninfin@iniiifirthg
fa: (+3592)9870581 www.niintin.hg 102, Rakovski St. Sotia 14440. BuIgara
REPUBLIC OF BULGARIA
MR MAGNUS BRUNNER FEDERAL MINISTER OF FINANCE REPUBLIC OF AUSTRIA
Johannesgasse 5 A-1010 Wien
MS RIIKKA PURRA MINISTER OF FINANCE REPUBLIC OF FINLAND
Sn eilmaninkatu 1, Helsinki P0 Box 28
MR VINCENT VAN PETEGHEM MINISTER OF FINANCE KINGDOM OF BELGIUM
Rue dc la Loi 12 1000 Bruxelles
MR MARKO PRIMORAC DEPUTY PRIME MINISTER AND MINISTER OF FINANCE REPUBLIC OF CROATIA
Cabinet of the Min ister Katanice’a 5 /0000 Zagreb
MR MAKIS KERAVNOS r’IINISTER OF FINANCE REPUBLJC OF CYPRtJS
Michael Karaoli & Gregori AJendiou Corner CY-1439 NICOSIA
MR ZBYNK STANJURA MINISTER OF FINANCE CZECH REPUBLIC
Lerenskci 15 CZ-JI8IOPRAGUE 1
MS STEPHAXIE LOSE MINIS’FER FOR ECONOMIC AFFAIRS AND DEPUTY PRIME MINISTER KINGDOM OF DENMARK
Christianshorg Slotsplads / 1218 KØbenhavn K
MR MART VÖRKLAEV tvHNISTLR OF FINANCE REPUBLIC OF ESTONIA Siiur-A,neerika 1 15001 Taliinn
MR BRUNO LE MAIRE MINISTER OF ECONOMY FRENCH REPUBLIC /39, rue dc Bercy TELEDOC 151 FR-75572 PARIS cedex 12
MR CHRISTIAN LINDNER MINISTER OF FINANCE FEDERAL REPUBLIC OF GERMANY
Wilhelmsirasse 97 DE-I01]7 BERLIN
MR KOSTIS IIATZIDAKIS MINISTER OF FINANCE HELLENIC REPUBLIC
5-7Nikis Street Place Synragnza 101 8lAthens
MR MIlIÄLY VARGA MINISTER OF FINANCE HUNGARY !-IU-]051 BUDAPEST J6sefn4dor tcr 2-4
MR JACK CHAMBERS MINISTER FOR FINANCE IRELAND
Governnient Buildings Upper Merrion Street DUBL!N 2
MR GIANCARLO GIORGETTI MINISTER OF ECONOMY AND FINANCE ITALIAN REPUBLIC
Via XX Setteinbre 97 JT-001 87 RO?vL4
phon: (+359 2) 9859 2001 tix: (÷3592)9870581
102, Rkovski Si. Snfia 1040, Bugira
[email protected] www.rniiifin.hg
REPUBLIC OF BULGARIA
MR ARVILS AERADENS MINISTER OF FINANCE REPUBLIC OF LATVIA
1 Smilsu str. LV-1919 RIGA
MR (INTARE SKAIST1 MINISTER OF FINANCE REPUBLIC OF LITHUANIA
Litkiskiu str. 2 LT-01512 VJLNJUS
MR GILLES ROTH MINISTER OF FINANCE THE GRANI) DUCHY OF LUXEMBOURG
Riie dc la Congrgation 3 LU-2931 LUXEMBOURG
MR CLYDE CARUANA MINIS’I’ER OF FINANCE REPUBLIC OF MALTA
?vlaisou Deniandois 30 South Sireet
VALLET]A VLT 2000
MR EELCO HEINEN MINISTER OF FINANCE KINGDOM OF THE NETHERLANDS
Korte Voorhout 7 NL-2511 CWs’-GRAVENFJAGE
MR ANDRZEJ DOMANSKI MINISTER OF FINANCE REPUBLIC OF POLAND
(!1 Swietokrzyska 12 PL-00-916 WARSZA WA
MR JOAQIM MIRANDA SARMENT() MINISTER OF STATE AND FINANCE PORTUGUESE REPUBLIC
Av. Infante D. Henrique, 1 1149-009 LJSBOA - PORTUGAL
MR MARCEL-IOAN BOLOS MINISTER OF FINANCE ROMANIA
1 7 Apolodor Street, Sth District code 05074/, Bucharest
MR LADISLAV KAMENICKY MINISTER OF FINANCE SLOVAK REPUBLIC
Stefrmno’icova 5 SK-81782 BRATISLAVA
MR KLEMEN BOTJANR MIN ISTER OF FINANCE REPUBLIC OF SLOVENIA
iipan.iceva 3 SI-1502 LJUBLJANA
MR CARLOS CUERPO MINISTER OF THE ECONOMY, TRADE AND ENTERPRISE KINGDOM OF SPAIN
Paseo dc la Castellana 162 ES-28071 MADRID
MS ELISABETH SVANTESSON MINISTER OF FINANCE KINGDOM OF SWEDEN
Finansdepartenzentct SE-103 33 STOCKhOLM
102, Rakovski St. Sofia 1040, Bulgarb
phonc: (+359 2) 9859 2001 fax: (+3592)9870581
[email protected] www.ninfin.hg
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