Boyko Takov, BSMEPA: 90% of Companies in Bulgaria Are Micro, However Generating a Little Over 1/3 of Revenues in the Sector

Boyko Takov is the Executive Director of Bulgarian Small and Medium Enterprise Promotion Agency (BSMEPA).

Boyko Takov, PhD, has more than 12 years of experience in business management. He also has experience in state institutions, and for 4 years he has held an expert position in the Executive Agency "State Property of the Ministry of Defense" at the Ministry of Defense. From 2008 to 2012, he held the position of Executive Director and Member of the Board of Directors in the Bulgarian office of a leading South Korean energy company.

Over the years, he has held managerial positions in some of the most developed areas of business, and investment management, projects and finance are only part of his biography in the field of agriculture, energy and infrastructure.

Mr. Takov, you have recently made several analyses - on the state of SMEs, on foreign markets. What do they show and what are the conclusions?

Some time ago we presented several analyses and studies, starting their preparation before the pandemic, but in some of them we managed to cover the initial consequences.

The analysis of the state of SMEs is based on statistical information and data, which did not allow us to cover the real situation with COVID-19. What can be concluded from the observed period is that the sector of small and medium-sized enterprises demonstrates steady growth in all indicators - number of enterprises and employees, gross value added, net sales, turnover. Their structure is also preserved in terms of size - over 90% of them are micro-enterprises. It is noteworthy that despite the large share of micro-enterprises - 93%, and their share of about 42% in employment, they generate just over 1...