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Portrait of the Bulgarian Businessman : Cultural origins of the capitalistic spirit in Bulgaria

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  1. Portrait of the Bulgarian Businessman
  2. But why the capitalist model isn't as successful in Bulgaria today, that Communism of previously ?

In 1946, the Bulgarian Communist Party ended the Bulgarian Monarchy in order to establish a "people's democracy"; it was the Communist era in the country. Bulgaria is still a predominantly agricultural nation, a policy of collectivization of land is decided; the government imposes, in addition, a system of compulsory purchase of a state supply quota, which proves ruinous to many of the peasants. In November 1989, the multiplication of manifestations in Bulgaria against the disastrous environmental situation of the country and the questioning of the socialist economy; led to the end of communist rule. The Republic of Bulgaria is then formed, but the country was undergoing a difficult economic transition, with several periods of political change and the transition to capitalism.

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