Near 225 million eur will be invested in Bulgarian small and medium-sized companies in the coming months

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Near 450 million bgn. grants will be invested over the next few months in Bulgarian small and medium-sized companies, in order to increase their competitiveness, reduce their electricity bills and create conditions for their sustainable development.

This was announced by the Minister of Innovation and Growth Daniel Lorer during a hearing in the Economic Committee in Parliament.

“So far, we have supported businesses and households with over 4 billion bgn. According to him, through the Operational Program “Innovation and Competitiveness” are insured, through React-EU instrument, over 136 million bgn grants to improve the energy efficiency of Bulgarian small and medium-sized enterprises. The measure will help reduce the electricity costs of companies in the processing sector. “It has already started and we have made it so that the whole administrative process is faster and that abuses are avoided,”

Lorer said. “By the end of June, the first grant procedure will be launched for the business according to the Establishment and Sustainability Plan -“ Technological modernization of the company “

In the recent months, several programs for a total of 100 million have been launched through the Bulgarian Development Bank (BBR)., aimed the support of  Bulgarian micro, small and medium-sized companies from various sectors such as tourism, rose processors.  Lorer also announced that according to the  Investment Incentive Laws  4 projects have already been certified in terms of the planned investments in the amount of 30.43 million. bgn .  In the process of certification are 5 more projects, which are in the Ministry of Innovation and Growth, with a scale of 101 million. bgn, which will create over 1200 new jobs. Thus, according to the certified projects for the first few months, it will become 9 for over 130 million. лв.

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