09.10.2020

Over 21 thousand small companies are supported by nearly BGN 173 million

Under the procedure "Support of micro and small enterprises for overcoming the economic consequences of the COVID-19 pandemic" the review of all project proposals was completed and payments in the amount of BGN 172,672,262.70 were ordered.

All project proposals submitted within a total of twenty-eight evaluation sessions (over 27 thousand companies) of the procedure were evaluated, and 21,173 companies were approved for funding, with which grant contracts were concluded from BGN 3,000 to 10,000, announced by the Ministry of Economy.

Due to the huge public interest in the procedure, as well as in view of the need to provide much-needed funds for liquidity of micro and small enterprises affected by the spread of the COVID-19 pandemic, the Managing Authority of the Operational Program Innovation and Competitiveness took the necessary actions to amend the Conditions for application under the procedure.

This will make it possible for applicants to re-request documents under the procedure for support of micro and small enterprises.

The budget of the procedure will be increased from BGN 173 million to BGN 225 million as the additional BGN 52 million are provided under the anti-crisis measures implemented by the Ministry of Economy in support of the liquidity of micro, small and medium enterprises (SMEs) affected by the emergency and the COVID-19 epidemic.

The procedure for re-examination of project proposals, which are currently found not to meet the Conditions for application under the procedure will start in October and notifications for elimination of irregularities will be sent only through the applicant's profile in UMIS 2020.