Bulgarian PM Hopes for Achieving Economic Growth of 4.5 % in 2016

Bulgarian PM Hopes for Achieving Economic Growth of 4.5 % in 2016

Bulgarian Prime Minister Boyko Borisov expressed hope on Tuesday that the growth of the Bulgarian economy in the new year will exceed the forecasted 2 % and will reach 4.5 %.
Borisov made this comment at a ceremony on handing the first contracts under the “Improving the production capacity of Small and medium-sized enterprises” procedure funded by the Innovations and Competitiveness Operational Programme 2014-2020.
The Bulgarian prime minister called on firms with approved projects to participate in achieving a higher than forecasted economic growth.
He noted that more than 116 million levs were entering the SMEs and expressed hope that these will be spent wisely on innovations, job creation, raising competitiveness, increasing exports and contributing to economic growth.
In his words, more than 1 billion levs were available for allocation under the programme.
Borisov thanked the European Commission for reimbursing all the invoices on European programmes submitted until the end of last year.
According to him, this was a good assessment for the work of the state administration, ministries and municipalities.

Sofia News Agency

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