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Two Examples of ‘Self-made’ Entrepreneurs in Bulgaria during the Transition in the 1990s

Author

Listed:
  • Iliyana Marcheva

    (Institute for Historical Researches – Bulgarian Academy of Sciences, Sofia, Bulgaria)

Abstract

Based on interviews and publications in the press, the personal stories of several businessmen without proven ties to criminal groups or political authorities, who are among the successful businessmen so far, are examined. These are people from the real sector, from the middle class businessmen in the field of production of packaging and pumps for the perfume and food industry (Peyo Peev, Alfrida-Peev, Gabrovo) and for the production of high class meat products and sausages (Kiril Vatev, Tandem - V). On this basis, as a case study, some common features in their self-creation are derived. They show the difficulties and peculiarities in the self-creation of entrepreneurs in Bulgaria during the transition. The main ones can be defined as follows. The success of two is due to the accumulated preliminary experience and even capital, their personal qualities - perseverance, vision, strong spirit, their desire to follow and maintain a consistently high quality of their products. And last but not least - to the good pay of workers for quality work. Although they manage to create themselves in opposition to power and corruption, they subsequently seek politics to use it for their business interests. Charity is their way to establish themselves positively in society.

Suggested Citation

  • Iliyana Marcheva, 2021. "Two Examples of ‘Self-made’ Entrepreneurs in Bulgaria during the Transition in the 1990s," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 6, pages 391-401, November.
  • Handle: RePEc:ceh:journl:y:2021:v:6:p:391-401
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    More about this item

    Keywords

    self-made entrepreneurs; Tandem-V; Alfrida-Peev; Peyo Peev; Kiril Vatev; transition;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • N8 - Economic History - - Micro-Business History
    • N84 - Economic History - - Micro-Business History - - - Europe: 1913-

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