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SUCCESSION AND BUSINESS TRANSFER - ACTION PLAN

(We presented a preliminary concept of the Bulgarian Action Plan on Succession and Business Transfer)

The ninth interregional meeting of the STOB regions project was held on 22 and 23 May 2019. in Berlin, Germany, and was by Berlin School of Economics and Law, project partner.

On the first day, following the official greetings of Berlin School of Economics and Law Institute President Mr. Andreas Zaby and Mr. Peter Wölffling, Managing Director of IHK-Projektgesellschaft mBH (Lead Partner), the participants were acquainted with the family business. Local experience from the host country as well as from the partner countries of the project was shared.

In the second day the participants focused on the action plans for the next two years. Specific steps have been shared to influence country policies and strategy papers on improving / optimizing inheritance and business transfer processes.

The Action Plan of the Bulgarian Partner is a document that provides details on how the lessons learned from STOB Regions will be used to improve the policy tool "National SME Strategy 2014-2020".

A presentation on the topic was presented by Mr. Velizar Petrov, Executive Director of ARP BSC SME (Regional Development Agency with Business Support Center for Small and Medium-sized Enterprises - Plovdiv). He stressed upon some issues "according to the" Final Report on Review of Family Business Questions", prepared on behalf of the European Commission, Directorate-General for Enterprise and Industry:

·       There is no specific definition and study of the family business in Bulgaria;

·       There are no specific tools to support family business transfer and business succession;

·       No support organizations transfer and succession of business.

Based on the best practices of the partners were defined three main focus of the initial conception of Bulgarian action plan for succession and transfer of business:

·       ACTION 1 Local network for owner-managers (successors);

·       ACTION 2 Regional platform for business transfers;

·       ACTION 3 Financial instruments / mentoring schemes / certification of consultants.

The preliminary concept for Bulgarian action plan for succession and transfer of business will be presented for discussion at the next meeting of the Council for Regional Development of Central South Region of Bulgaria.

 

For further information:

032/902399

Velizar Petrov

STOB Regions project - Succession and Business Transfer in the Regions under INTERREG Europe programme is co-funded under INTERREG Europe 2014-2020.

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