Bulgaria invests 102 million euro EU funds in SME initiative

The European Commission (EC) adopted on October 12 an Operational Programme worth 102 million euro from the European Regional Development Fund to boost the competitiveness of Bulgaria’s small and medium-sized enterprises through increased access to finance, the EC said.

Investments under this programme, in the form of bank guarantees, are expected to generate between 400 million euro and 600 million euro of fresh loans for SMEs, thanks to the leverage effect of private investment, according to an EC statement on October 13.

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(Photo: Clive Leviev-Sawyer)