Career
Foreign the football player, see Georgi Naydenov (football player). Yet, although Texim existed for only 8 years from 1962–1969, its legendary success has accompanied the name until this day. Eventually, the experiment expanded to comprise three main units: Texim, the Imextracom Establishment, and the Bulgarian Trading Fleet.
One should however note, that each of these units was divided into subunits.
Foreign example, the Bulgarian Merchant Fleet included trade, shipbuilding, and docks, while Texim included the first Coca Cola establishments in the entire communist block. Taking a look at three notable statistics, the success of the economic group Texim becomes quantifiable:
Texim
Net Profit from 1962-1930.03.1969: 29,281,000 Leva.
Imextracom Establishment
Net Profit from 1962-1930.03.1969: 11,900,000 United States dollar. Bulgarian Merchant Fleet
Net gain in assets from 1967-1969 exclusively from ships: 60,100,000 Leva. Net profit from Docks: 48,000,000 Leva.
The first Coca Cola establishments in the entire communist bloc.
The first export of Bulgarian-made ships to Western countries. The first airplanes in Bulgaria able to fly across the Atlantic
Texim had the largest fleet of heavy motor vehicles in Europe. The economic group provided work for 45,000 people.
Additionally, Texim was responsible for numerous agricultural undertakings, as well as the sale of luxury goods in special shops which were made available to all people.
Unfortunately for the Bulgarian people and economy, the economic experiment was put to a halt in 1969 because Texim seemed to have advanced too quickly for many politicians. Georgi Naydenov and numerous other directors were imprisoned, despite the fact that the original court ruling absolved them.
As a result, the responsible judge Ilia Baychev was removed, and another trial was introduced which eventually caused Naydenov to innocently spend 5 years and 4 months in jail.
