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EU Metes Out 1,2 Billion Euros for Bulgarian Companies
Рубрика: General news Източник:By 2013, private sector companies in Bulgaria will have to have absorbed 1,2 billion Euros of EU funds to develop their business. Yesterday, Bulgarian Minister of Economy Petar Dimitrov gave a start of the first three projects under the operative program Development of the Competitiveness of the Bulgarian Economy. Twenty-five million Euros is the amount of funding Brussels has earmarked for technological modernization of the small and medium-sized Bulgarian enterprises. All application documents must be submitted no later than January 22, 2008. The minimum amount that a company will be able to apply for is 50 000 Euros. The maximum will be 2 million. The budget envisaged for introduction of the international standards and quality management systems is 5 million Euros. Applications will be accepted until January 15 2008. The newly started innovative companies will also benefit from the program. They will be able to absorb as much as 4 million Euros under it.