Privatization Agency - Bulgaria The Privatization Agency (PA) was established in 1992 with the Law on Privatization and Restructuring of the State -owned and Municipall - owned Enterprises. In accordance to this law the Privatization Agency was responsible for the privatization of the large enterprises while the divestment of the smaller and medium enterprises was in the competence of the line ministries. The divestment of all state owned interests was centralized at the level of the Privatization Agency with the Law on Privatization and Post - privatization Control, adopted in early 2002. By smilin Countries > Europe & Central Asia > Bulgariawith bulgariacorporatelawnewsprivatizationreportssectorsstatistics