Privatisation in Sofia

Sofia Municipality is the biggest owner of immovable property after the state. The municipality has the right to ownership on its property and is completely autonomous in deciding its fate. In exercising its powers it does not require the approval of other bodies, and of state bodies, in particular.

Sofia Municipal Privatisatin Agency (SMPA) - administrative body for executing Privatisation of Sofia municipal property - companies and real estates. The Agency is established and autorized by Sofia Municipal Council for preparing, realizing and making control of Privatisation Process in Sofia according to Transformation and Privatisation of State and Municipal Enterprises Law. In the world economy Practice this activity is named "small-scale" Privatisation. In the biggest part, offered for selling real estates - shops, restaurants, work-shops - are situated on the ground floor of residential buildings in different disricts of Sofia. Seldom, there are whole buildings and companies in Privatisation list. All these sites are very attractive for investors from small-scale and medium-scale business.

Basic privatisation methods - according to New Law /adopted in March, 2002/ are: auction and tender.

Sofia Municipal Privatisation Agency is created at the end of 1992.

Sofia Municipal Privatisation Agency

• 6 Slaveikov Sq.
• 1000 Sofia
• phone 00359 2 548 931
• fax 00359 2 876 654
• web:www.sofiampa.com