The IM (Possible) Transition Towards the Digital Economy in Bulgaria

Nikolay Sterev and Fahri Idriz
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Nikolay Sterev: University of National and World Economy, Sofia, Bulgaria
Fahri Idriz: Technical University of Sofia, Bulgaria
Authors registered in the RePEc Author Service: Николай Щерев

Economic Alternatives, 2022, issue 1, 142-150

Abstract: Undoubtedly, the business has been fast moving to the next technological generation of Industry 5.0 based on accession of digital and social instruments in techniques across all business processes and activities. Thus, the next business winners already have been accepted not just digitalization but virtualization and socialization of the business. Taking into account current and future state of the Bulgarian companies, they are called to digitalized for keeping their role at the existing value chains. But, are they look to be prepared for such transition from digital production (Industry 3.5) to digital company (Industry 4.0). The paper examines how far to digital companies are Bulgarian ones. The structure of the paper is: 1. The future of world economy and 2030th business development; 2. Limitation of Bulgarian economy for 2030 running backward of the European one; 3. Guidelines that helps Bulgarian companies to move fast for their digitalization and socialization.

Keywords: industry 4.0; digital economy; Industry 2030 (search for similar items in EconPapers)
JEL-codes: D04 O14 O44 (search for similar items in EconPapers)
Date: 2022
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