Bulgaria Has Potential to Draw Investment under 'Juncker Plan' - MEP

Business | June 21, 2016, Tuesday // 10:47
Bulgaria: Bulgaria Has Potential to Draw Investment under 'Juncker Plan' - MEP MEP Eva Paunova. File photo, BGNES

Several thousand small and medium enterprises are expected to benefit from the EU Commission's recent investment plan between 2017 and 2020, Eva Paunova, an MEP from Bulgaria (GERB/EPP group), has said.

In an interview with daily 24 Chasa, Paunova has noted that as many as 300 agreements have been signed with Bulgarian businesses that are to receive funding under three deals with commercial banks and a new operational program due to be launched in 2017.

The total value of investment they could draw in the next three years is BGN 1 B (around EUR 500 M), Paunova has noted.

Bulgaria has only secured some EUR 40 M under the so-called Juncker Plan (a popular name for the European Commission's Investment Plan for Europe) aimed at unlocking at least EUR 315 B in public and private investment over the course of several years.

Paunova, however, has added that Bulgaria was one of the first ten countries to seek their inclusion in the "first pillar" of the plan which targets SMEs.

Bulgarian municipalities can also put forward their ideas to entrepreneurs who would like to benefit from the "second pillar" that is mostly related to infrastructure, digital technologies, and energy efficiency.

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

Business » Be a reporter: Write and send your article
Tags: Eva Paunova, Juncker Plan
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
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