Bulgarian Companies to Save 113 Million Levs through Anti-Red Tape Measures in 2015-2017

Bulgarian Companies to Save 113 Million Levs through Anti-Red Tape Measures in 2015-2017

Companies in Bulgaria may save 113 million levs through the adoption of the third plan for cutting the administrative burden on business (2015-2017), according to Economy Minister Bozhidar Lukarski.
In a Thursday interview for the Bulgarian Telegraph Agency, he explained that businesses would be able to rely on EU funding of 150 million euros under the first procedure under operational program “Innovations and Competitiveness”, which would be announced in the spring of 2015.
He pointed out that the Economy Ministry planned to submit the third anti-red tape plan for approval by the government by end-March 2015.
“If all proposals envisaged in it are approved and implemented, the potential for cutting red tape by amending 16 laws amounts to 113 million levs,” he added, as cited by dnevnik.bg.
Lukarski made clear that the first procedure under the abovementioned operational program would be aimed at improving production processes and increasing the production capacity of small and medium-sized enterprises in order to enhance the export potential.
 
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