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

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

Proceedings of the Centre for Economic History Research, 2021, vol. 6, 391-401

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.

Keywords: self-made entrepreneurs; Tandem-V; Alfrida-Peev; Peyo Peev; Kiril Vatev; transition (search for similar items in EconPapers)
JEL-codes: D22 N8 N84 (search for similar items in EconPapers)
Date: 2021
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