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On Business Contacts of Peter Kermekchiev with Evlogy Georgiev in 1878–1881

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

Proceedings of the Centre for Economic History Research, 2022, vol. 7, 333-345

Abstract: So far the business relationships of the Revival-period entrepreneurs Peter Kermekchiev and Evlogy Georgiev haven’t been independently researched. The various types of business, social and charity activities of both prosperous Bulgarians show their ability to influence and change the community’s tendencies and attitudes. The scale of their business activity outreaches the Bulgarian borders and goes as far as the Balkan peninsula, Central Europe and Russia. After accumulating substantial funds from trade, state concessions, government provisions and credits of companies and sole proprietors, they dived into brave investments in the modern era. Being very well educated, adaptive and well-known with the political and economic tendencies of the liberated Balkan countries the two entrepreneurs managed to successfully multiply their capitals. They maintained relationships with the government circles in Bulgaria and Romania, as well as contacts with the embassies of England, France and others. In the Central State Archive in Sofia, in the personal archive of Peter Hadzynenchov Kermekchiev are preserved letters and financial extracts sent from Evlogy Georgiev – a Bulgarian principal agent in Bucharest who was managing the Agency of Bulgarian Principality in Romania and was an owner of an office for currency exchange and securities trade. The letters are sent to Peter Kermekchiev for the period from 4th of October 1879 until 23rd of January 1881. They are a source of information on the invested capitals and securities of Peter Kermekchiev into the Trading and Banking house of Evlogy Georgiev and their subsequent management for sending of securities of the Bulgarian entrepreneur for keeping in the Ministry of Finances of Bulgaria, for renting an apartment in Bucarest for Kermekchiev and others. There are also some extracts and bills sent to Peter Kermekchiev and a draft letter to Evlogy Georgiev in Bucharest. The archived documents are reflecting the last years of Peter Kermekchiev when he withdraws himself from an active trading and commends the work on managing and multiplying his finances and investments to the Bank House of Evlogi Georgiev in Bucharest.

Keywords: Peter Kermekchiev; Evlogy Georgiev; letters; extracts; entrepreneur; finances investments (search for similar items in EconPapers)
JEL-codes: N01 N83 (search for similar items in EconPapers)
Date: 2022
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