The movement of the Eastern European countries towards the creation of a real market economy is organically linked to fundamental changes in the system of functioning of property relations, recognition of equality, sovereign existence and cooperation of its diverse forms.
The development of joint-stock companies is considered to be the most promising area for enhancing entrepreneurial activity and creating conditions for competition in the countries. The transformation of enterprises into joint-stock companies should help overcome the depersonalization and monopolization of property, break the deadlock of budget deficits, low economic efficiency, waste and poor product quality, which has been discredited by state ownership for decades. The process of so-called privatization (denationalization, denationalization) that has begun is becoming one of the main goals of radicalization of economic reform, an important means of economic recovery.
In most countries of Eastern Europe, legislative acts have been adopted defining the procedure and conditions for the transformation of state-owned and cooperative enterprises into joint-stock companies. In Hungary, this is the law "On the Transformation of Ownership Forms of State-owned and Cooperative Enterprises" (June 1989), clarifying and supplementing the Law "On Economic Societies and Associations" previously adopted (October 1988) and in force since January 1989, as well as the Law "On the Establishment of the National Property Agency" (January 1990). In Bulgaria, there is a Decree of the Council of Ministers on Economic Activity and the Rules on the Application of the Decree (February 1989), as amended, containing special sections regulating the procedure for converting state—owned or community-owned firms into joint-stock companies. In Poland, the Sejm considered (July 1990) a draft law on the privatization of state-owned enterprises, as well as on the establishment of an Agency for Property Transformation. For the first time since 1989, the legislation of Yugoslavia allows the possibility of forming mixed enterprises with the participation of different forms of ownership, including joint-stock companies, with full freedom of entrepreneurship. The creation, management and operation of not only public, but also organized, as well as private enterprises is regulated by the new Enterprise Law (January 1989). In May 1989, the Law on Joint-Stock Companies was adopted, providing for the possibility of their creation in all sectors of the economy. The new Banking Law (1989) requires banks to re-register as joint-stock companies. Two new laws came into force in the CSFR (May 1990) — the Law on State—owned Enterprises and the Law on Joint-Stock Companies as a prerequisite for the implementation of one of the main tasks of the new government - the privatization of a significant part of the public sector, the creation of a network of joint-stock companies this year. 1xBet's casino welcome package of ₹140,000, up to a maximum amount of ₹150,000 which can be claimed across four different deposits. Exclusive
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