Cluster analysis of the furniture industry and agribusiness in Bulgaria: Innovation potential, challenges, and development opportunities

Daniela Ventsislavova Georgieva and Teodora Georgieva

MPRA Paper from University Library of Munich, Germany

Abstract: The report analyses the innovation potential of Bulgaria's furniture industry and agribusiness through a cluster approach, emphasizing regional disparities and challenges. The results indicate that the furniture industry suffers from low investment in innovation and limited digitization, while agribusiness faces low productivity and regional imbalances despite its steady growth. Leading regions (Ruse, Gabrovo, Dobrich, Yambol) demonstrate high economic activity and innovation development. National policies in the sector should focus on increasing investments in new technologies, promoting balanced regional development, and enhancing cluster coordination to improve competitiveness and sustainability in both sectors.

Keywords: furniture industry; agribusiness; cluster analysis; innovation potential (search for similar items in EconPapers)
JEL-codes: O1 O10 Q00 (search for similar items in EconPapers)
Date: 2025, Revised 2025
New Economics Papers: this item is included in nep-cse and nep-sbm
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Published in Wood for the future: Integrating sustainability across industries, Proceedings of Scientific Papers WoodEMA, i.a., ISBN: 978-953-8446-04-7, https://www.woodema.org/proceedings/WoodEMA_2025_proceedings.pdf (2025): pp. 163-167

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