Social enterprises: successful or/and disputable actor in the field of eco-innovation system, Bulgarian case

Empresas sociales: agentes exitosos y/o discutibles en el sistema de eco-­innovación, el caso búlgaro

  • Martina Arabadzhieva University of Sofia
  • Albena Vutsova University of Sofia
Keywords: social enterprises, legal framework, financial instruments, eco-innovation system, Bulgaria


Discussions on social impact and benefits of social enterprises are very intensive, considering Europe 2020 key lines. The article presents existing models of social enterprises in Bulgaria, the opportunities to be converted into successful business models, the milieu for their functioning and the funding instruments supporting them. A short review of EU frame conditions of social enterprises functioning has been presented. A special impetus is put upon national social enterprises practices; challenges and barriers faced by social enterprises and applicable funding instruments in parallel with opportunities, trends and achieved results are commented. General assessment of milieu needed for their activities have been identified. A review upon a possible portfolio of international and national funding instruments has carried out and a short analysis of the traceability of the results is made. Existing and further updating of national legislation and policies is commented. Some recommendations towards bettering effectiveness of social enterprises are made.


Las  discusiones  sobre  el  impacto  social  y  los  beneficios  de  las  empresas  sociales  son  muy  profundas,  considerando  las  líneas  clave  marcadas  por  Europa  2020.  El  artículo  presenta  modelos  existentes  en  el  ámbito  de  las  empresas  sociales  en  Bulgaria,  las  oportunidades  para  convertirse  en  modelos  de  negocio  exitosos,  el  entorno  para  su  funcionamiento  y  los  instrumentos  de  financiación  que   los   respaldan.   Se   presenta   una   breve   revisión   de   las   condiciones   marco   de   la   UE   para   el  funcionamiento   de   las   empresas   sociales.   Se   da   un   enfoque   especial   a   las   prácticas   nacionales   en  empresas   sociales;   se   exponen   los   desafíos   y   las   barreras   que   enfrentan   estas   empresas   y   los  instrumentos  de  financiación  aplicables.  Paralelamente,  se  analizan  las  oportunidades,  tendencias  y  resultados   obtenidos.   Además,   en   el   artículo   se   presenta   una   evaluación   general   del   entorno  necesario  para  sus  actividades,  se  realiza  una  revisión  de  una  posible  cartera  de  instrumentos  de  financiación   nacionales   e   internacionales   y   un   breve   análisis   de   la   trazabilidad   de   los   resultados.  Finalmente,  se  revisa  la  legislación  actual  y  posterior,  y  la  actualización  de  las  políticas  nacionales  y  se  realizan  algunas  recomendaciones  para  mejorar  la  efectividad  de  las  empresas  sociales.

Palabras clave: empresas  sociales, marco legal, instrumentos  financieros, sistema   de  eco-innovación, Bulgaria.




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How to Cite
Arabadzhieva, M., & Vutsova, A. (2019). Social enterprises: successful or/and disputable actor in the field of eco-innovation system, Bulgarian case. European Public & Social Innovation Review, 4(2), 25-43. Retrieved from
Research articles