EUR 200 million earmarked for Bulgarian SMEs under JEREMIE

Bulgaria will receive nearly EUR 200 million for risk funding of small businesses (medium, small and micro enterprises, known as SMEs) at national, regional and local level under the JEREMIE programme. This is what Deputy Minister of Economy Evgeni Angelov announced.
Once inked, the financing agreement with the European Investment Fund (EIF), needs the approval of the EIF board, the Council of Ministers and the Parliament. All companies, eligible under JEREMIE, will be able to benefit from both investment funds and bank credit lines.
Another bulky amount of EUR 460 million has been slated to SMEs in the country under OP “Competitiveness”. The money will be channeled to innovative startups and existing firms, willing to renovate their technical capacities.

Source: www.focus-fen.net/