Bulgarian Economy’s Development during the Socialism and Entrepreneurship – Relation for the Crisis Then and Today

An important factor in stimulating entrepreneurial activity in the economy is the promotion of the creative role that entrepreneurs play in achieving economic and social well-being. The article will focus on the years of totalitarian regime of the Bulgarian economy after 1944 until the end of 1989, during which years the individual's entrepreneurial spirit is dormant by limiting or banning personal economic activities, encouraging collective erosion of responsibility, breaking the link between ownership and the individual, suggesting that the personal pursuit of profit runs counter to the interests of society. Since 1990, due to a number of economic and political circumstances, the strong entrepreneurial impulse in society has not been fruitfully “used” in order to fully display its positive charge. The reasons for this can be sought in different dimensions: the conflicting role of institutions for promoting small entrepreneurship, the unfavorable regional environment, corruption at different levels, high crime rates, uncertainty in the macroeconomic environment, etc. In the social space, the role of the entrepreneur is again mainly reflected in its negative aspect: mafia of economic structures (eg the drainage of state-owned enterprises through networks of subordinate private companies, the drainage of banks), the work of enterprises without registration, circumvention of payments to the state, etc.