Bulgarian Empire

After the annual budget meeting, the Bulgarian government will face a new problem - the restructuring of state-owned enterprises!

During the war, this state-owned enterprise system not only saved a lot of expenses for the government, but also saved a lot of resources.

All are produced according to the plan, as much as needed is produced, and there is almost no waste. This is undoubtedly a very scientific management method during wartime.

However, the sequelae of doing so have also appeared. The enterprise that has been suspended for two and a half years has lost its vitality. Everyone has become accustomed to producing according to the plan, which has derailed from the market.

The most obvious manifestation is that in the past few months after the end of the war, dozens of state-owned enterprises have fallen into a state of loss due to blind production and failure to grasp the market trend.

Don't talk about state-owned enterprises, even private enterprises have a similar situation. The capitalists have all collapsed, but the problems of state-owned enterprises are even more serious!

Everyone knows that there is a problem with the way Bulgaria's state-owned enterprises operate, but no one knows how to change this. Ferdinand is no exception. Even in later generations, this will be a big problem!

The specifics of how to change, the situation of each enterprise is different, and not all enterprises have to carry out reforms, at least the financial enterprises of the military industry have to continue to give them the bottom line. Dinan is ready to cry!

There are still traces of this situation. Capitalist countries often happen. After the war is over, no one wants weapons, and the capitalists directly send the workers back home to produce civilian products.

Defense industry? Does this have anything to do with them? There is no way for a business to survive without making money? You can't sell weapons, can you? Now that the world war has just ended, whose warehouse does not have a lot of weapons, who are they selling to?

Therefore, this restructuring in Bulgaria is destined to be impossible to achieve in one step. As long as the separation of government and enterprise is completed, the enterprise can operate independently and survive.

The cabinet is naturally in charge of this restructuring. There are two roads before Constantine, and the first one has only one word - sell!

Simple, convenient and clear, and solve the problem once and for all! As long as these companies are sold, everyone doesn't have to worry about them. The capitalists naturally know what to do!

The second way is - change! Let the company operate independently first, and then hire professional managers. The government can only supervise and collect dividends.

Constantine handed over a document to Ferdinand and said: Your Majesty, this is our cabinet's plan for enterprise reform, please read it!

Ferdinand browsed through it at the fastest speed. According to the cabinet's plan, 80% of Bulgaria's state-owned enterprises will be auctioned off this time, and only military enterprises, Bulgarian Railway Group, Bulgarian Agricultural Products Company, Bulgarian National Bank, etc. will be kept. More than ten large enterprises.

Except for military enterprises, the economic benefits of other enterprises are not bad, even the railway company is also profitable. Obviously, this has been carefully selected by the government, and they don't want any non-profitable enterprises!

This also includes the famous Bulgarian Iron and Steel Group, Bulgarian Municipal Service Company, Bulgarian Mining Group, etc. A bunch of giant companies were abandoned because they could not make a profit!

After contemplating for a while, Ferdinand decided to sell it! This is determined by the market. Back then, Bulgaria was able to develop these enterprises by selling everything. Now with the completion of Bulgaria's industrialization, the historical mission of these enterprises has been completed, and staying will only increase the burden on the government!

As for turning losses into profits, it may still be possible to spend some money, but the Bulgarian government is not specialized in business. The function of the government is to develop the country, and it cannot be put the cart before the horse!

Ferdinand thought for a while and said, Then prepare for the auction. The government can send invitations to buyers all over the world and strive for a good price!

Constantine replied with a wry smile, Yes!

Get a good price? How is this possible? No matter what time it is now!

The continent of Europe is in a state of waste,

The capitalists are indeed waving checks looking for investment projects, but the current factories are worthless, and the machinery and equipment are the price of Chinese cabbage. Are the German factories dismantled by Britain and France still looking for someone to take over?

Didn't Ferdinand also buy a lot of cheap equipment? Who doesn't want a bargain?

The biggest problem for the capitalists in Bulgaria is that their capital strength is insufficient. This world war is even more of a capital feast. !

Ferdinand thought to himself, after this auction, the royal family will have a deeper grasp of the country's economy!

As for embezzling state assets? This is a good choice, but the premise is to have enough strength?

There is no doubt that this time the cabinet is going to conduct a public auction of these companies, even if they have ideas, they must be able to operate them, right?

Colluding with so many competitors to jointly lower prices? Just think about it, and don't look at how many vests Ferdinand has inside, it will be exposed in minutes, and then the house raid will come soon!

Anyway, Bulgaria's current laws are so overbearing. Although they committed crimes and resisted by themselves, family property has always been confiscated.

After all, it is impossible to tell which one is illegal income and which one is legal income. It is not clear, so naturally all of them will be confiscated!

So now the richer people in Bulgaria are, the more cautious they are, for fear that some bastard in the family will commit a crime and lose the family business together, and there is nothing to reason about.

Of course, in fact, there are not many cases of ransacking homes, and most of them are caused by corrupt officials. As long as ordinary people don't go too far, it is not enough to ransack their homes!

...

In this government-enterprise split, the military suffered the most. Their small treasury, the Bulgarian Agricultural Company, was spun off.

Don't look at this ordinary agricultural company. In fact, this humble company is still the most profitable company in Bulgaria in this era. It has a large amount of land in the country and a large number of real estate.

Moreover, the income of agricultural companies is also very stable, mainly including land output, real estate rent, and supporting grain processing enterprises.

This enterprise monopolizes one-third of Bulgaria's grain production, one-half of grain processing, and 80% of its grain import and export trade.

They can create an output value of nearly 3 billion levs and hand over profits of nearly 400 million levs every year. They are the well-deserved bosses among all state-owned enterprises!

The birth of this freak began with the house raids in the Stambolov era. Since that era, the land confiscated by the Bulgarian government has been handed over to this company for management.

In the later stage, except for a part of the land obtained through the war, it was awarded as a reward, and the rest fell into the hands of this company, and finally a behemoth appeared like a snowball.

It has been firmly held by the military for a long time, and taking the opportunity of this restructuring, Ferdinand was also seized out of it.

As compensation, the military has also obtained the right to develop farms in the colonies. From now on, all Bulgarian colonies are open to the military. They can go to open up wasteland at any time, and all the proceeds belong to the army, but they are limited to farming and animal husbandry. industry!

These are not important, the key is to destroy the army's own financial resources, and further eliminate the hidden danger of the birth of warlords.

As for the benefits that the army can obtain by reclaiming land in the future, Ferdinand has automatically ignored it. Everyone knows that military expenditures are getting higher and higher.

The current hundreds of millions of Levas and the future hundreds of millions of Levas are not a concept at all! The current hundreds of millions of levs are enough to support the Bulgarian navy and air force, or hundreds of thousands of army troops, but in the future there will only be one warship or even one aircraft.

Purchasing power is not the same, the result is naturally different!

...

As soon as Bulgaria’s state-owned enterprise restructuring measures were announced, the media all over the world were excited. The capitalist world believed that this was a progress of human civilization. The Bulgarian government finally realized their mistakes and wanted to return to the correct track of free economy.

Many overseas consortiums are gearing up, ready to make a fortune. Don't get me wrong, they won't come to buy factories, these consortiums are waiting for the Bulgarian government to open up the financial market!

Obviously they were thinking too much, Ferdinand was well aware of their feces, if they were allowed to come in and make a fuss, wouldn't Bulgaria become a copy of France?

The battle for dominance between the real economy and the financial economy has never stopped, except for the virtual economy that the capitalists win every time for their own benefit!

Ferdinand also took a lot of effort to tame the Bulgarian bourgeoisie, and formed a kind of society: advocating down-to-earth economic concepts. How could they be destroyed?

Now the Bulgarian government's propaganda is all: industrial prosperity! Fictitious economy ≈ liars, only real industry is the wealth of the country, stocks and bonds are just clouds!

Therefore, the disturbances from the outside world are just taken as a joke by everyone. Ordinary people do not believe that there will be pies in the sky. The propaganda of foreign economic experts is a waste of effort.

In contrast, the employees of state-owned enterprises are not so calm. This is related to their jobs. After all, the government has sold the company. Who knows what the new owner is planning.

Even if the law stipulates that you can't lay off employees casually, you can't control people's salary cuts? As long as it is above the minimum wage standard, these are their rights, and no one can ask them to continue to maintain a high salary when the company is losing money!

Fortunately, the state-owned enterprises in this period are only a problem of upper-level management, and the workers at the bottom have not rotted. The Bulgarians have always maintained the good style of hard work, otherwise the trouble will be even greater!

They are not eating from the big pot. Before the world war, these enterprises were all operated independently. Although they also received government funding, most of them were still responsible for their own profits and losses, and their roots had not had time to rot.

Otherwise, this auction wouldn't be so easy to start. How could capitalists invest indiscriminately if they weren't stupid?

...

Kennedy asked, Master, have you come here in person?

Constantine smiled slightly and said, I still don't know what to do in the end! I have to care about whether we can sell so many companies at once, right?

How about it? How many buyers have come now, can they eat this batch of enterprises?

Kennedy said calmly: We have taken out a total of 89 companies for auction this time, with a total asset of 5 billion levs. If it is just our domestic capitalists, it is estimated that they really can't afford it!

But it shouldn’t be a big problem now. There are 427 capitalists who have submitted deposits to us this time, and Russian capitalists account for one-third of them!

As far as I know, because of the October Revolution, many people here have lost a lot of property, and are now seeking new development.

However, given the current situation in Russia, it will not be peaceful in the short term, and it is not suitable for continued investment. They are still looking for new investment directions, and we happen to be one of their goals!

Capital is profit-seeking, and they can be unscrupulous for profit; but capitalists also pursue stability, and they also hope to have a stable investment environment!

Right now, the Russian Empire is raging with war, which is obviously not suitable for investment. They have to look overseas. And Bulgaria happens to be one of their favorite places!

First, the political situation is stable, the government is clear, and it is suitable for investment in industry;

Don't look at many capitalists, they all like to engage in crooked ways and use illegal means to make profits, but they are all in their lairs. They are local snakes, they want connections, connections, and power. They naturally like the collusion between officials and businessmen to make profits.

If they go far away, they are most worried about the officials. After all, they are no longer hunters but prey after leaving their old nest. At this time, they naturally hope that the government can notarize and protect their interests.

Therefore, they dared to be unscrupulous for the benefit of the Russian Empire, but after leaving the Russian Empire, they became more cautious in Bulgaria.

The previous relationship network is no longer useful here, and they are no longer deep-rooted wealthy families, but outsiders who need to be cautious.

Second, they are close enough to the Russian Empire, they can wait and see the situation, and there are many acquaintances here who can take care of each other;

Third, it is easy to make money;

Their domestic relationship is still there, and they can use domestic channels to sell their products, and soon they can get a share of the domestic market.

...

With so many advantages, powerful Russian capitalists will naturally establish some industries here, and the easiest way is to directly purchase!

As long as they acquire a Bulgarian local industry, they can take this opportunity to integrate into the Bulgarian bourgeoisie, which will not only increase a source of income, but also add a way out!

After listening to Kennedy's explanation, Constantine felt relieved. As long as Russian capital joins in, there will be no problem with today's auction.

Don't look at the poor industry of the Russians, and the economy is a mess, but this does not mean that Russian capitalists have no money!

Especially the group of bankers, who have just looted the entire Russian Empire and now have a lot of money in their hands, looking for new investment channels.

Investment banks are certainly an option, but in fact it is impossible for them! Where in the world are there no local snakes? The financial market has long been divided up, and what is left is only three melons and two dates.

If they dare to intervene forcefully, it is estimated that the local forces will teach them how to behave!

This is the sequelae of killing chickens and taking eggs. Although they made a lot of money, their reputation is also ruined. Bank consortiums in various countries will be hostile to their behavior of breaking the rules, even if everyone makes money together!

But when attacking opponents, no one will be soft-hearted. For example, if a Russian bank opens a branch in Bulgaria now, it is estimated that it will be difficult to generate a single business, and they have been hacked from head to toe!

Now it’s a good choice to start with the real economy for a new look. It’s all about making money anyway, so why not do it?

...

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