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New EUR 150 mln. for small and medium enterprises

October 30, 2014

The European Union may grant 150 million euro for equity investments in small and medium enterprises and start-up companies in Bulgaria in the next programming period 2014-2020 as a part of Operational Programme "Competitiveness and Innovation". This became clear at the ninth annual conference of "Capital" "Deals and investors" on Tuesday.

If such decision is taken and the agreement is signed the 150 million euro will be divided into four types of funds. The management of each of them will be allocated to different companies and each will seek additional private financing - the total amount will be considerably higher.



Photo: Anelia Nikolova