The [Re]-Generation of Family-Business Entrepreneurship in the Balkans

This paper explores the development of the family-business sector during the post-socialist era in the Balkans. It establishes the profile of family-business entrepreneurship in the emerging markets of southeastern Europe. By focusing on the Bulgarian and Romanian experience, we present and briefly contrast the transitional variant of family-business entrepreneurship with the contours of the Greek family business system. Next, we map out the growth patterns of Balkan family ventures, including businesses in the agro-industrial, manufacturing and other commercial sectors. We conclude with some tentative policy recommendations aimed at enhancing the further development of family-business entrepreneurship in the Balkans.