In March ABLE received an invitation by PricewaterhouseCoopers Luxembourg to participate in a study mandated by the European Commission, which aims to assess the business environment for small and medium-sized enterprises in Bulgaria. ABLE was chosen as an organization that has observations over the entrepreneurial ecosystem in our country.
Sourcing input from our members, we were glad to share our perceptions and opinion regarding the entrepreneurial culture, regulatory environment, financing options, trends etc pertinent to the small businesses in Bulgaria. We discussed some of the hurdles in front of entrepreneurs that stem from the burdensome governmental procedures and the lack of functioning electronic services. We noted the positive trends on the startup scene, where more and more young people get inspired by the idea of starting a company. We also commented on the insufficient collaboration between business and science, which to lead to more innovation and the development of competitive products.
On the website of the EC you can find current information on EU policies and initiatives for SMEs.