30.08.2021

The grant payment under the contracts for the procedure "Support for small enterprises with a turnover of over BGN 500,000 for overcoming the economic consequences of the COVID-19 pandemic" with a total budget of BGN 184.6 million has officially begun.

The initial amount under the procedure was BGN 78 million. Still, an amendment to OPIC 2014-2020 and a decision of the Council of Ministers provided an additional financial resource for over-negotiation of nearly BGN 106 million.

The additional funds will allow the gradual renegotiation of companies from the waiting list; thus, the funding will cover more than initially approved. Nearly 3,700 businesses will expectedly benefit from the grant under the procedure.

As of August 24, the access system in the Information System for Management and Monitoring of EU Funds in Bulgaria is open, where approved companies can submit their reports. As of August 30, 24 final reports have been submitted.

Date: 30.08.2021

Source: Ministry of Economy

Readed: 4019