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Innovations: a Key Driver for Sustainable Development in Bulgaria

Listed author(s):
  • Julia Dobreva


    (University for Finance, Business and Entrepreneurship (VUZF))

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    This paper aims at highlighting the role of innovations for achieving sustainable development in Bulgaria. It identifies the need for innovative mechanisms in transition economies as a measure against the post effects of an unstable political system and the recent financial crisis. The analysis provides an overview of the Bulgarian economy over the last 20 years - the dropdown of industrial production, the difficulties in setting up and managing SMEs, and the general decline in the country?s economic activity. Furthermore, the paper explores the development impacts which will be achieved through the introduction of innovations in production facilities as well as in service management. The environmental and social implications are considered in terms of defining the major outcomes of implementing green business practices in Bulgaria. A comparison is made with the sustainable development levels in some EU countries to serve as a basis for identifying and further elaborating the main political and economic targets for Bulgaria in the short and the long term.

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    File Function: First version, 2015
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    Paper provided by International Institute of Social and Economic Sciences in its series Proceedings of International Academic Conferences with number 1003079.

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    Length: 17 pages
    Date of creation: May 2015
    Publication status: Published in Proceedings of the Proceedings of the 15th International Academic Conference, Rome, May 2015, pages 284-300
    Handle: RePEc:sek:iacpro:1003079
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    1. Jan Svejnar, 2002. "Transition Economies: Performance and Challenges," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 3-28, Winter.
    2. World Bank, 2012. "Bulgaria : Public Expenditures for Growth and Competitiveness," World Bank Other Operational Studies 12451, The World Bank.
    3. David Gadenne & Jessica Kennedy & Catherine McKeiver, 2009. "An Empirical Study of Environmental Awareness and Practices in SMEs," Journal of Business Ethics, Springer, vol. 84(1), pages 45-63, January.
    4. World Bank, 2012. "Going for Smart Growth : Making Research and Innovation Work for Bulgaria," World Bank Other Operational Studies 12896, The World Bank.
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