2024-05-20 22:17:35
The cash will now go primarily to much less developed areas
The “good storm” for the entrepreneurial ecosystem in Bulgaria has been achieved within the Ministry of Innovation and Progress – a file 5 billion BGN went to companies over the last program interval by means of the Fund of Funds. Initially of 2023, one other 1.3 billion are focused billion BGN, Deputy Minister of Innovation Krasimir Yakimov introduced on Monday.
He attended a thematic occasion of the Fund of Funds, the place the outcomes of the monetary devices for the previous program interval and the plans for the brand new one have been offered.
Within the coming weeks, it’s anticipated to begin asserting the orders for the number of monetary devices underneath them, in addition to for debt devices for the round economic system and innovation in enterprises. A know-how switch fund may even be launched to construct a bridge between science and enterprise.
The fund of funds additionally acquired a mandate to handle the funds for city and regional improvement with a complete funds of over 460 million BGN. Within the second half of the yr, managers are anticipated to be chosen for the “Entrepreneurship” fund with a funds of 100 million euros.
In accordance with Yordanka Chobanova – head of the illustration of the European Fee in Bulgaria, our nation has the potential to handle over BGN 2 billion from cohesion funds to stimulate sustainable development and power transition.
Chobanova identified that thus far the Fund of Funds has managed BGN 1 billion by means of 15 monetary devices. The cash reached 3,200 small and medium-sized enterprises that work to enhance town’s infrastructure, within the discipline of ecology, agriculture, the meals business and others.
The Chairman of the Supervisory Board of the Fund of Funds, Nikolay Genchev, indicated that BGN 2 billion will now be managed. The funds from non-public buyers are added to this quantity, and the enterprises will obtain far more monetary assets, Genchev additionally stated.
The supervisor of the Board of the Fund of Funds, Biser Petkov, indicated that the implementation of economic devices led to a rise within the nation’s GDP by 2.8% with accumulation for the interval from 2019 to 2023. One other impact was the creation of recent jobs, which elevated employment by 5.4%.
Petkov recalled that the fund acquired worldwide recognition, which meets the targets of the Board of Administrators to increase the worldwide presence.
The fund additionally makes efforts by way of growing operational effectivity and optimizing the price construction, he additionally identified.
In accordance with Pavel Lisev – consultant member of the Board of Administrators of the Fund of Funds, within the new monetary interval there might be a territorial focus of investments – in direction of much less developed areas of the nation.