Bulgarian Caretaker Cabinet Paid Millions to Small Business

Business | April 27, 2013, Saturday // 16:56
Bulgarian Caretaker Cabinet Paid Millions to Small Business: Bulgarian Caretaker Cabinet Paid Millions to Small Business Bulgaria's caretake Economy and Energy Minister, Asen Vasilev (c), photo by BTA

Bulgaria's caretaker Cabinet has paid BGN 200 M to small and medium businesses since it took office on March 13, caretaker Economy and Energy Minister, Asen Vasilev, announced Saturday.

The financing has come from the EU operational program Competitiveness and the Jeremie program (BGN 150 M).

Vasilev was in the central city of Veliko Tarnovo to launch the "Agro Products 2013" Expo. Over 100 companies from the Bulgarian food sector, large grocery chains, and certifying companies are among the participants.

The expo is organized by Vasilev's Ministry, the Veliko Tarnovo City Hall and the Bulgarian Bank for Development.

The Minister stressed the importance of the State monitoring equal rights of parties in contracts between smaller and larger firms, adding he had noticed "economically unfounded" prices on the Bulgarian market.

According to him, the efforts of the Economy Ministry must be directed to assisting the small and medium enterprises in realizing their production on international markets.


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: EU operational program Competitiveness, expo, businesses, medium, small, Economy Ministry, asen vasilev, Economy and Energy Minister, Cabinet, caretaker, enterprises, JEREMIE
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