Economic Resilience through Innovation
Economic Resilience through Innovation

Summary/Abstract: Finding opportunities in a crisis – this is how a number of Bulgarian companies reacted during the year of Covid-19. The need to optimise production, provide a safe working environment and create new products in response to changes in demand has led companies to implement new business models, improve their product portfolio, and launch innovations in the workplace. In the last year, about 58% of companies have implemented some kind of innovation and just over 30% of those who had refrained from innovation plan to start a similar project next year. According to the data from the survey of innovation activity of enterprises in Bulgaria INA-5, which the Applied Research and Communications Fund has been conducting since 2004, if all intentions are realised 70.4% of enterprises will innovate in 2020 – 2021, which corresponds with the findings from the previous crisis for the period after 2008.

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