Vera Pirimova – University of National and World Economy (UNWE), Sofia, Bulgaria, bul. 8th December, Students town,
Sofia 1700, Bulgaria




3rd International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2019 – Bratislava, Slovakia, October 24, 2019, SELECTED PAPERS published by the Association of Economists and Managers of the Balkans, Belgrade; Printed by: SKRIPTA International, Belgrade, ISBN 978-86-80194-24-0, ISSN 2683-5991, DOI:




In the adopted in 2015 and updated in 2017 „Innovation Strategy for Smart Specialization
2014-2020”, the Bulgarian state sets ambitious goals and undertakes serious commitments to encourage
and more decisively support innovation. The main objective of this paper is to investigate certain
structural features and indicators of innovation and as a result on this basis to summarize some adopted
opportunities and existing constraints on innovation in the private and public sectors at the end of
the programming period. As a result of the analysis, both stimulating and retaining factors are synthesized
in the context of the size (scale of activity) of the predominant part of the companies, the sectoral
company and innovation concentration and the size and structure of R&D expenditure in the private
and public sectors. During the study methods of analysis and synthesis, induction and deduction, as
well as methods of descriptive analysis were used.



Innovation, Innovation Firms, R&D Expenditures


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