TECHNOLOGICAL ENTREPRENEURSHIP OF SMALL AND MEDIUM BUSINESS IN THE REPUBLIC OF BULGARIA AS A FACTOR FOR SUSTAINABLE DEVELOPMENT

Angel Mirchev, Vesela Dicheva

Abstract


In the context of deepening economic and social crisis the importance of small and medium enterprises in the Republic of Bulgaria is steadily increasing. They have provided significant number of jobs on the labour market and have created much of the gross domestic product of Bulgaria. Our thesis is that technological entrepreneurship is a factor for the sustainable development of small and medium business in the country as a whole and stimulates overcoming the crisis in the country. This research paper reviews the results of a study of the conceptual apparatus of technological entrepreneurship. Based on the results, the relationship of technological entrepreneurship with sustainable development of Small and Medium Enterprises in Bulgaria is determined. The author's conclusions and definition of technological entrepreneurship as a factor for sustainable development are made on the basis of the analysis of the development of Small and Medium Enterprises in key sectors of Bulgarian economy such as tourism, power engineering, transport and industry. An attempt has been made for taking defining measures for development stimulating the technological entrepreneurship in these sectors of the national economy.


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References


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DOI: http://dx.doi.org/10.12955/cbup.v1.19

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