The Central Cooperative Union was founded in 1947.
The Central Cooperative Union is an apex organisation which unites and protects the interests of 132 230 individual cooperative members, united in 750 cooperative societies, which are members of 31 cooperative unions.
What is a cooperative?
According to the Law on Cooperatives a cooperative is an association of individuals with variable capital and variable number of members, who perform commercial activities through mutual assistance and cooperation aimed at meeting their economic, social and cultural interests. Cooperatives are legal entities registered under the Law on Cooperatives.
A cooperative may be established in Bulgaria by at least 7 active individuals by virtue of resolution made at a Founding Meeting. The Founding Meeting adopts the Statutes and elects the President of the cooperative, the Management Board and the Supervisory Board.