of that of the developing countries as well. The development of Bulgaria since November 1989, when the radical reforms in all spheres of our society were started, is also an integral part of that process. As far as the economic sphere is concerned, a proqramme for stabilization and radical economic reforms has been elaborated by the present Government and is now being implemented. At the core of the reform is the transition from a centrally planned to a market-oriented economy. The stabilization programme is in line with the goals of the reform and will Prepare the basis for long-term structural adjustments. A number of new laws and regulations have been adopted to ensure equal rights and opportunities to all forms of ownership, inclooing private property. Foreign investments are encouraged and guaranteed. The legislation also ensures governmental regulation of the economy through such economic instruments and measures as rate of exchange, taxes and customs duties. Prices are continuously liberalized and enterprises have full autonomy in their operation, on both the national and the international markets. The stabilization measures of the Government are aimed at overcoming the serious economic crisis and the substantial debt burden. We are fully aware of our own respOnsibilities at the national level. However, international support would be vital to implement structural adjustment policies for increasing the competitiveness of our production and the full intecu:ation of the country into the world economy. BCT/ASW A/S-18/PV.S 41 (Mr. Ishpekov, Bulgaria) The Government is particularly aware of the social costs of the reform Process and is taking all possible measures to reduce the neqative social consequences. Special attention is being given to social securi tv and retraininq. Consistent steps are being taken for Bulgaria • s integration in the multilateral trading and financial systems. The procedural difficulties related to 
**Analysis**
The text appears to be a speech or statement from a government official discussing the economic development of Bulgaria since the fall of communism. The text highlights the country's transition from a centrally planned to a market-oriented economy, the adoption of new laws and regulations, and the measures being taken to overcome economic crisis and debt. The speech also touches on social concerns and the need for international support.

**Category**
Economic development, International trade