Few of the privatised enterprises in Bulgaria actually remained profitable, but their new owners (ex-communists and foreigners with questionable reputation) ben

Few of the privatised enterprises in Bulgaria actually remained profitable, but their new owners (ex-communists and foreigners with questionable reputation) benefited greatly mostly from inheriting their assets like buildings and production lines, which were quickly disassembled and sold for hefty sums. Those money were then spent on luxury cars and political bribery, not reinvested in any way.