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Hidden Champions of Bulgaria

In: Hidden Champions in Dynamically Changing Societies

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  • Michael Minkov

    (Varna University of Management)

Abstract

This chapter starts with a brief description of the economic and political situation in Bulgaria during its recent history, focusing on the period after the collapse of the Soviet-style socialist system. Bulgaria went through a particularly difficult transformation period, marked by economic and political turbulence, organized crime, and social unrest. By the end of the 1990s, the situation began to stabilize, both economically and politically, and Bulgaria entered a period of sustained economic growth, interrupted only in 2009. At present, the country is politically stable and has some of the best macroeconomic indicators in Europe. Nevertheless, Bulgaria has few true hidden champions. UniComs, presented here, is one of the few. It started out as a small manufacturer of medical products and has become a true multinational, albeit a small one.

Suggested Citation

  • Michael Minkov, 2021. "Hidden Champions of Bulgaria," Springer Books, in: Alenka Braček Lalić & Danica Purg (ed.), Hidden Champions in Dynamically Changing Societies, edition 1, pages 123-132, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-65451-1_10
    DOI: 10.1007/978-3-030-65451-1_10
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