New Policies And Perspectives For Smes In Bulgaria Cover Image

Нови политики и перспективи пред малките и средни предприятия в България
New Policies And Perspectives For Smes In Bulgaria

Author(s): Daniel Danchev
Subject(s): Economy, Business Economy / Management
Published by: Стопанска академия »Д. А. Ценов«
Keywords: crisis; SMEs; entrepreneurship and innovation

Summary/Abstract: The economic recession and pandemic have affected small and medium-sized enterprises (SMEs), which make up 99% of EU companies and provide two-thirds of private sector jobs. They also make a significant contribution to the Bulgarian economy although the sector in Bulgaria lags behind in many of the key indicators measuring the environment for the development of small and medium-sized businesses. The dynamic development of SMEs increased the share of employees in them to 75.7% in 2018 thanks to favorable access to finance. The crisis has reversed this trend and necessitated intervention to improve skills and innovation and promote entrepreneurship in the context of building a highly competitive social market economy.

  • Issue Year: 2021
  • Issue No: 17
  • Page Range: 390-401
  • Page Count: 12
  • Language: Bulgarian