25 Feb Covid-19: New state aid at the amount of EUR 25 000 is now available to the small enterprises
On February 22, 2021 the Managing authority of Operational Program Innovation and competitiveness announced the start of the projects’ selection under the Procedure “Support for small enterprises with turnover exceeding BGN 500 000 to overcome the economic impact of the Covid-19 pandemic”. The applications may be submitted until 15th March.
The procedure aims to provide operating capital to the small enterprises in Bulgaria who have realised a turnover of BGN 500 000 for 2019.
The provided grants shall be at the amount of BGN 50 000.
The applicants shall be small enterprises and should have reached a turnover of minimum BGN 500 000 for 2019. The enterprises have reported an average turnover decrease for 3 months (selected by them, non-consecutive order is required) of at least 20% from the period as from 01/02/2020 as compared to the same months in 2019. They should have completed at least two financial years /2018-2019/ and should not have state and municipal duties exceeding 1% of the 2019’s turnover.
The operating capital made available through the procedure should be used to cover the applicants’ current operating expenses.
The application is carried out electronically via web-based application form.