SMEs AND GREEN ECONOMY - ENERGY FOR THE SMEs IN THE 3RD MILLENNIUM

• SMEs AND GREEN ECONOMY - ENERGY FOR THE SMEs IN THE 3RD MILLENNIUM

  In most economies, small and medium-sized enterprises (SMEs) are seen as the drivers of growth and economic success and their role is of fundamental importance for the overall economic prosperity of any country. Bulgaria does not make an exception. Nearly 99 % of the economic actors in Bulgaria are SMEs (more than 310 000) and they contribute to the extent of 60% of its Gross Domestic Product (GDP).

  Any economic activity requires energy – energy measured by the efforts involved and the degree of ambition and motivation of the actors. However, most of all and literally speaking, energy is required for production purposes and in the daily processes – the one seen and paid every month on the bills and the one that companies have to consider while calculating their costs in order to remain competitive. Energy has to be affordable and reliable. Reducing the costs is depending on many factors such as innovation, the available energy mix and the geopolitical side of energy dependency affecting prices. One of the main issues lies in the redistribution and in equal use of resources, minimising costs and in utilizing natural resources in an innovative and cleaner not polluting way, respectful of the environment and efficient.

  Georgi Stoev's article can be read HERE.