Bulgaria to Stress Innovation Investments in 2014-2020 Programming Period

Politics » BULGARIA IN EU | November 29, 2012, Thursday // 12:36
Bulgaria: Bulgaria to Stress Innovation Investments in 2014-2020 Programming Period Delyan Dobrev, Minister of Economy, Energy, and Tourism, has said that Bulgaria will stress investments in innovations and energy efficiency in the next programming period. Photo by Sofia Photo Agency

In the next 2014-2020 programming period, Bulgaria will allocate the main portion of funds under Operational Program Competitiveness to innovations and energy efficiency, according to Delyan Dobrev, Minister of Economy, Energy, and Tourism.

Speaking Thursday during an international forum on industry and innovations, he argued that these sustainable solutions would guarantee economic development and a much-needed high economic growth.

Dobrev said that investing in innovation was one way to reduce the high energy intensity of Bulgaria's industry in order to produce a competitive product with added value.

He explained that a voucher system would help companies introduce innovations by giving them access to R&D centers in Bulgaria and abroad.

Bulgaria's Economy Minister announced that export companies would be another priority in the next programming period, adding that Bulgaria's export increasingly resembled that of a third world country, consisting of  raw materials and agricultural goods.

Dobrev said that Bulgaria would also stress the production of goods and services with a high added value.

The Minister also informed about the upcoming launch of a pilot project allowing companies to file electronic application for funding under Operational Program Competitiveness.

Dobrev voiced expectations that the 2014-2020 budget of OP Competitiveness would not be smaller than the current one of EUR 1.17 B, adding that Bulgaria would seek to defend a bigger sum.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Bulgaria in EU » Be a reporter: Write and send your article
Tags: Delyan Dobrev, Economy and Energy Minister, 2014-2020, 2014-2020 budget, EU funding, operational program, Competitiveness, innovations, Energy efficiency

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria