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: https://doi.org/10.31410/LIMEN.2019
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.
Biolcheva P., 2017, Stimulating innovation in start-ups, Proceedings of Conference: Modern logistics
– business and management, UNWE-Sofia, October 2017, pp.336-344 (Bulgarian)
EC, 2013a, Towards knowledge-driven Reindustrialisation, [on-line] http://ec.europa.eu/enterprise/
EC, 2013b, Industrial Performance Scoreboard, [on-line] http://ec.europa.eu/enterprise/policies/
EC, 2014, For a European Industrial Renaissance, SWD (2014) 14 final, [on-line], http://cor.europa.
Iliev Y., N. Sterev, D. Blagoev, 2018, Industry of Bulgaria: Past, Present and Future, Proceedings
of the Conference in Honor of the 130th Birthday of Prof. Dimitar Dobrev, IK-UNSS, Sofia
Ivanov, I. 2013, The Bulgarian Defense Technological and Industrial Base (Contemporary Problems
Before Its Functioning and Development). Proceedings from the Jubilee International
Scientific Conference, UE – Varna (in Bulgarian)
Ivanov, I. 2015, Restructuring of the defense industry in Bulgaria at the end of XX and the beginning
of XXI century (conflicting economic and historical essay), Proceedings from the
International Scientific Student Conference on Economics, Politics and Management, Sofia,
Publishing Complex – UNWE IK-UNSS, (in Russian)
Kopeva D., D.Blagoev, N. Shterev, 2012, Industrial dynamics in Bulgaria – the connection between
past and future, 11th Comparative Analysis of Enterprise Data & COST Conference
2012, 26-28 April 2012, Nuremberg, Germany, [on-line] http://doku.iab.de/fdz/events/2012/
Milusheva V., 2016, Aspects of company competitiveness evaluation, Proceedings of Scientific-
applied conference: Strategic visions: Effective management for economic, organizational
and social transformations (innovations – institutions – business), pp. 364-369, NBU, Sofia
Ministry of Economy (Bulgarian), 2017, Digital Industry Transformation Strategy for Industry
(Industry 4.0), https://www.mi.government.bg/files/useruploads/files/ip/kontseptsia_industria_
4.0.pdf (in Bulgarian)
Rodrik, D., 2004, Industrial Policy for the Twenty-First Century, Harvard University
Slavova, P., 2016, Conditions of Productivity Processes in a Company of Food Industry in Bulgaria,
Proceedings of 3rd International Conference on New Challenges in Management and Organization:
Organization and Leadership, 2 May 2016, Dubai, UAE, [on-line] https://www.
Stoyanova T., N. Sterev, 2018, The role of measurements of OP Innovations and Competitiveness
(OPIC) for intelligent growth of Bulgarian Economy, Local and Regional Economy in Theory
and Practice – Conventional Generation in The Context Of Local And Regional Development,
№395/2018, Wroclav, [on-line] http://cejsh.icm.edu.pl/cejsh/element/bwmeta1.element.
T&A (Taskforce & Advisor Sàrl), https://www.ta-ad.biz/en/tindutrie-4-0
Yordanov D., 2019, Consumer assessment of the quality of transport services and guidelines to
increase their competitiveness, Economic Alternatives Journal, issue 4/2019, Sofia