Turnovo Entrepreneur Nikola Hadzhi Slavchev

Svetla Atanasova ()
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Svetla Atanasova: Regional museum of history - Veliko Tarnovo, Bulgaria

Proceedings of the Centre for Economic History Research, 2021, vol. 6, 310-323

Abstract: The professional biography of Nikola Hadzhi Slavchev – one of the pioneers of the brewing industry in our country is the embodiment of the life maxim that success begins with a fresh start. However, the guarantees for this are rooted in the leadership qualities of the entrepreneur – measured risk, effective solutions for the production and marketing, and a clear vision for the future. The well-educated Nikola h. Slavchev, a school alumnus of Robert College in Constantinople and the Military School in Sofia, changed his life in 1892, taking responsibility for his father’s heritage. Initially, the Hadzhi Slavchevi brothers in partnership with Ivan Halachev established a general partnership for the production and trading of beer. In 1906 the partnership was broken down. The crisis was solved by Nikola hadzhi Slavchev. He gathered the assets and liabilities of the company, invested his capital in the establishment of a limited company “Nikola Hadzhi Slavchev”. As an unlimitedly responsible member, he lead thoughtfully the brewing company until 1923. During the Balkan wars and the World War I (1912–1918), the production and consumption of beer increased enormously and the factory in Turnovo town became one of the most sought-after partners. In parallel with this activity Nikola h. Slavchev was a concessionaire of the coal mine “LEV” in the region of Tryavna. He made the first attempts to create a housing fund for his workers. Donation was not alien to him either. During his lifetime, he established a trustee fund for the education of poor children and support for cultural and educational institutions.

Keywords: Nikola Hadzhi Slavchev; Turnovo; limited company; brewing industry; capital (search for similar items in EconPapers)
JEL-codes: N01 N83 (search for similar items in EconPapers)
Date: 2021
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