Cluster analysis of the furniture industry and agribusiness in Bulgaria: Innovation potential, challenges, and development opportunities

Ventsislavova Georgieva, Daniela and Georgieva, Teodora (2025): Cluster analysis of the furniture industry and agribusiness in Bulgaria: Innovation potential, challenges, and development opportunities. Published in: Wood for the future: Integrating sustainability across industries, Proceedings of Scientific Papers WoodEMA, i.a., ISBN: 978-953-8446-04-7, https://www.woodema.org/proceedings/WoodEMA_2025_proceedings.pdf (September 2025): pp. 163-167.

Abstract

The report analyses the innovation potential of Bulgaria's furniture industry and agribusiness through a cluster approach, emphasizing regional disparities and challenges. The results indicate that the furniture industry suffers from low investment in innovation and limited digitization, while agribusiness faces low productivity and regional imbalances despite its steady growth. Leading regions (Ruse, Gabrovo, Dobrich, Yambol) demonstrate high economic activity and innovation development. National policies in the sector should focus on increasing investments in new technologies, promoting balanced regional development, and enhancing cluster coordination to improve competitiveness and sustainability in both sectors.

• Item Type: MPRA Paper
• Language: English
• Keywords: furniture industry, agribusiness, cluster analysis, innovation potential
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O10 - General; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q0 - General > Q00 - General

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