Nikolay Sterev – UNWE-Sofia, Head of Industrial Business Department at UNWE-Sofia, Chairman of Bulgarian Association
of Professors of Economics and Management of Industry (APIUI), Bulgaria, 8 Decemvri, Studentski grad




5th International Scientific-Business Conference – LIMEN 2019 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – CONFERENCE PROCEEDINGS, Graz, Austria, December 12, 2019, published by the Association of Economists and Managers of the Balkans, Belgrade; Printed by: SKRIPTA International, Belgrade, ISBN 978-86-80194-26-4, ISSN 2683-6149, DOI:



Bulgarian industry has the potential to become a crisis balancer as it reduces the negative
impact of a financial crisis and drives the contemporary economic growth. In addition, not only the Bulgarian
but European and world industries are developing at a rate unknown at this time. In just one generation,
we have witnessed two major industrial revolutions (Industry 3.0 and Industry 4.0, respectively)
and we are on the birth-stage of the next one (Industry 5.0). The success of an industrial enterprise, the
success of the entire industry requires flexibility, adaptability and, above all, institutional support. So,
the paper is addressed to research the following questions: 1. How the global industry is developing, 2.
Where is the Bulgarian industry located and what are the opportunities for the development of Industry
4.0 via Internet 4.0, 3. What should be the next step in development of the Bulgarian industry.



Industrial growth, Industrial development, Industry 4.0.




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