The conditions and procedures of privatisation are regulated by the Law on Privatisation and Post-privatisation Control (Promulgated in the State Gazette, issue No.28 of 19.03.2002) and the regulations.
The Public Enterprises and Control Agency carries out privatisation sales of the following sites subject to privatisation:
- units or shares - property of the state or of commercial companies; units or shares - property of commercial companies with state participation of more than 50 per cent in the capital in other commercial companies;
- distinct parts of the property of commercial companies with state participation of more than 50 per cent in the capital;
- distinct parts of the property of business entities, the capital of which is owned by other business entities with state participation of more than 50 per cent in the capital;
- real estate - private state property, with a tax assessment of over BGN 10,000.
The main methods of sale of packages of units or shares of business entities and of distinct parts of the property of business entities are:
- public auction;
- publicly announced competition.
The following methods can also be applied for the sale of shares of commercial companies:
- public offering;
- centralised public auction, absentee public auction;
- acceptance of a tender offer pursuant to art. 149, 149a and 149b of the Law on Public Offering of Securities.
The sale of real estate - private state property, and of real estate - property of business entities with state participation of more than 50 percent in the capital or business entities whose units or shares are owned by another company with state participation of more than 50 percent in the capital, is performed through the Electronic platform for the sale of real estate.