The new program to support Bulgarian businesses has been sent to Brussels for approval

published on 8/20/22 2:35 PM

Photo: Archive

Bulgaria's Ministry of Innovation and Growth has sent the new programme "Competitiveness and Innovations in Enterprises" 2021-2027 for approval by the European Commission, the ministry's press centre announced.

The programme has a budget of nearly 1.5 billion euros and is a continuation of the Innovations and Competitiveness Operational Programme. Its implementation is scheduled to begin by the end of the year in order to continue support for micro, small and medium-sized enterprises (SMEs) in the country. Companies at various stages of development will be supported.

The main priorities of the programme are two - "Innovations and Growth" and "Circular Economy".

It includes funds for innovation in companies, increase in exports, creation of new or development of existing companies with a focus on high-tech sectors of industry, protection of patents, industrial property, etc. The modernization of family businesses and those in the creative industries and crafts will be supported.

The second priority includes funds for energy independence and efficient use of resources, products with greater durability and recycling.

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The new program to support Bulgarian businesses has been sent to Brussels for approval

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