Innovations: a Key Driver for Sustainable Development in Bulgaria

Julia Dobreva ()
Additional contact information
Julia Dobreva: University for Finance, Business and Entrepreneurship (VUZF)

No 1003079, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: 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.

Keywords: innovations; post-crisis; SMEs; sustainability; sustainable development (search for similar items in EconPapers)
JEL-codes: O13 O31 O44 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2015-05
New Economics Papers: this item is included in nep-cse and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Proceedings of the Proceedings of the 15th International Academic Conference, Rome, May 2015, pages 293-309

Downloads: (external link)
https://iises.net/proceedings/international-academ ... =10&iid=050&rid=3079 First version, 2015

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:1003079

Access Statistics for this paper

More papers in Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences
Bibliographic data for series maintained by Klara Cermakova ().