We Are Opening A Small Business Measure: A 173 Million Grant To Over 20,000 Businesses

We are opening a small business measure: a 173 million grant to over 20,000 businesses. This was stated by Prime Minister Boyko Borisov at a briefing at the Council of Ministers after an online meeting of the European Council, which discussed community action on the economic crisis caused by the coronavirus. 

The money has been diverted from OP Innovation and Competitiveness and will apply to companies with a minimum 20% drop in their turnover. It will be launched in early May.

“The application will be made electronically with the UMIS system with the simplest administrative procedure and declarative principle. Between BGN 3,000 and 10,000 for the smallest micro firms. Do not go and submit for 1 000 companies and lie, because you know there are some Then it is for ordinary business. Tomorrow I will send a letter to the European Commission so that we can get another 200-300 million from other programs, “Boyko Borisov explained.

The government is also considering a measure to promote medium-sized businesses.

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