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

Bulgaria and US to exchange tax information automatically

Bulgaria and the US have already signed an agreement on the automatic exchange of tax information.  The document was signed by Deputy Prime Minister and Finance Minister Lyudmila Petkova and US Ambassador to Bulgaria Kenneth Merten. "Administrative..

published on 5/31/24 4:02 PM

Business climate marks improvement of 0.6 points in May

In May, the economic situation in the country improved for a second month in a row. There was an improvement in retail trade, construction and services, but there was a decline marked in industry.  In construction, industry and services, no price..

published on 5/30/24 1:12 PM
Bulgarian National Bank building

Within the framework of the budget deficit the government takes on new 3-year debt

The Bulgarian National Bank held an auction for the sale of securities with 3-year maturity at a 3% interest rate. At the auction, the Ministry of Finance offered bonds worth EUR 150 million. Interest will be paid once in 6 months, with the loan..

published on 5/28/24 9:19 AM