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Venture capital funds – necessary instrument for the development of Bulgarian economy

Author

Listed:
  • Yordan Yordanov

    (Varna University of Economics)

  • Svetoslav Stamenov

Abstract

The aim of the present article is to study the importance of venture capital and outline its contribution to the ensuring of steady growth of the economy. There are presented comparisons following the example of developed countries such as the USA, Great B ritain and Italy in various periods. It has been found that SMEs and in general companies supported by venture capital funds have higher growth in sales and revenues, a greater number of created workplaces, as well as higher competitiveness and export grow th rate. Based on the identified problem areas of venture financing in Bulgaria there are outlined the opportunities offered by Operational programme (OP) „Development of the competitiveness of Bulgarian Economy 2007 - 2013" and the programme JEREMIE.

Suggested Citation

  • Yordan Yordanov & Svetoslav Stamenov, 2012. "Venture capital funds – necessary instrument for the development of Bulgarian economy," Business & Management Compass, University of Economics Varna, issue 1, pages 48-62.
    • Handle: RePEc:vrn:journl:y:2012:i:1:p:48-62
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    JEL classification:

    • G19 - Financial Economics - - General Financial Markets - - - Other

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