Open Access
Issue
SHS Web Conf.
Volume 176, 2023
Seventh International Scientific Conference “BUSINESS AND REGIONAL DEVELOPMENT” (BRD2023)
Article Number 01001
Number of page(s) 8
Section Regional Development and Governance in the Transition to a Green Economy
DOI https://doi.org/10.1051/shsconf/202317601001
Published online 08 September 2023
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  2. 1890 - “Oralo” Mirkov loan, savings and agricultural company. The objectives of the newly formed co-operative society are to pool people’s funds for the purpose of purchasing agricultural implements for use at a minimum rent, supplying agricultural seeds and “enlightening” the population by organizing evening, Sunday or temporary schools. It is clear from the statute that the member-cooperators are the owners of their share contributions, for them they receive dividends as part of the profit, another part of the profit is allocated and accumulated as cooperative capital, through the formation of cooperative funds. There are principles and values in the Oralo company statute that are still relevant today. [Google Scholar]
  3. The formal reason for creating the first consumer cooperative was the prohibitive prices of clothing and other military supplies for the Bulgarian officers. On July 1, 1895, the officers in the Shumen Garrison founded the “Experience” economic company, which functions as a consumer cooperative. The results of the association’s work exceed expectations, and the prices of officers’ goods offered by the cooperative are several times lower than those of other merchants. [Google Scholar]
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