The Textile Industry of Gabrovo after Nationalization – Consolidation, Structuring and Restructuring (1947 – 1989)

Ivan Postompirov ()
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Ivan Postompirov: Regional Historical Museum – Gabrovo, Bulgaria

Proceedings of the Centre for Economic History Research, 2018, vol. 3, 357-367

Abstract: This article aims to present the development of Gabrovo textile enterprises after the nationalization of private industry on 23 Dec. 1947. This is done in socialist conditions, conducted economy in Soviet style, which remained until the fall of the totalitarian regime in 1989. After introducing the command and control system all industries are managed centrally, in a hierarchical order. That does not leave almost no possibility for an initiative of businessmen, lack of a competitive environment, enterprises are lagging behind technologically. The article presents the steps development of Gabrovo textile and institutions who manage it: merging and consolidating former private enterprises in the period 1947-1958, creation of the two textile plants in 1959 and the processes of their structuring and restructuring in the 1960s and 1970s, to the failure of the planned economy after 1989.

Keywords: Gabrovo; textile; industry; nationalization; totalitarian regime; institutions (search for similar items in EconPapers)
JEL-codes: N14 N94 O25 P25 (search for similar items in EconPapers)
Date: 2018
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