Christo Mihailovsky, CEO of BCRA participated at the BIF 2019

Date created: 03-Dec-2019

Mr. Christo Mihailovsky, CEO and Board member of BCRA – Credit Rating Agency, participated at the Bulgarian Economic Forum, held in Sofia on December 3, 2019. The topic of the Forum was The Bulgarian economy at the end of 2019. Perspectives for the SMEs in 2020.

Mr. Mihailovsky took part in the discussion panel Industry 4.0 – What’s next for the SMEs? The topic of his presentation was Industry 4.0 – A Key Factor for the National Competitiveness.

Mr. Mihailovsky analysed the Bulgarian readiness for the future of production in a global comparative perspective. As the size of the economies is not a hinge for national competitiveness in the context of Industry 4.0, Bulgaria's opportunities to rank among the leaders in technological production such as Estonia, Slovenia and the Czech Republic were considered.  The challenges facing the small and medium-sized enterprises (SMEs) was a focus in the presentation. Industry 4.0 may be a driver for the growth of Bulgarian SMEs yet funding provision is going to be a major challenge, as well as the timely building of 5G infrastructure in the country.