Industrial dynamics in Bulgaria – the connection between past and future: The Case of Food and Beverage Industry

Defining the industrial dynamics the important prerequisites that support achievement of a sustainable industrial and economic growth need to be identified. The industrial dynamics could be used as an instrument to analyze future economic behavior. In this paper we step on the basis of existing state of the art. In Section 1 the methodology is presented: designed and used industrial dynamics function and its components. Section 2 focuses on one of the traditional industrial sectors in Bulgaria - Food and beverage production, its state and key characteristics. In Section 3 the implementation of the industrial dynamics function to forecast the future development of the Food and Beverage production sector in Bulgaria is illustrated. On the basis of dataset perspectives for future development of food and beverage development in Bulgaria are analyzed and recommendations for concrete measures are provided.