The Managing Authority of the Operational Program "Innovation and Competitiveness" 2014-2020 (MA of OPIC) plans to announce on 11 May 2020 a selection procedure for projects "Support to micro and small enterprises to overcome the economic consequences of the pandemic COVID-19 “

The total amount of the grant is BGN 173 million and covers all sectors of the Bulgarian economy (except for those supported by the Rural Development Program). The enterprises that have registered a decrease of at least 20% in their turnover for April 2020 compared to the average monthly turnover for 2019, will have the opportunity to receive amounts from BGN 3,000 to 10,000. With them they will be able to cover their most urgent needs, such as rent, consumables, raw materials, salary costs and other working capital costs.

The application will be made entirely electronically with the maximum simplified administrative procedure. It will be necessary only to fill in basic data, the amount of the requested financing, as well as the company bank account and data declaration. 

The application will require a valid Qualified Electronic Signature (QES) of the representative or a person authorized by him with an explicit written power of attorney, as well as submitted Annual Tax Return for 2019 to the National Revenue Agency.

Questions related to the main parameters and eligibility of the procedure can be asked by e-mail: priemna [at] mi.government.bg. Further details could be find at the following link.