Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

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

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.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Stanislav Popdonchev

Businesses are worried the political crisis is hampering the country’s development, says BIA Vice President

“The main priorities businesses have – membership of the Eurozone and accession to the Schengen area by land – have receded to the background. They are the motors which can boost the economy, but the fact there is no regular government is an obstacle..

published on 11/12/24 10:00 AM

Bulgargaz LNG tender for January and February next year attracts record interest

Bulgargaz has reported record interest in its tender for the supply of LNG to the Alexandroupolis terminal for January and February 2025. All nineteen bidders met the criteria set by the company and have been approved to participate in the next..

published on 11/9/24 2:43 PM
Lukoil Neftochim in Burgas

FT: Russian oil company Lukoil plans to sell its Bulgarian refinery to Qatari-British consortium

The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times .  The deal is expected to be announced by the end of..

published on 11/6/24 11:55 AM