Project “Overcoming the shortage of funds and the lack of liquidity that occurred as a result of the epidemic explosion of COVID-19”

On 25.09.2020, the grant agreement for Velpak 21 Ltd. was signed with the Ministry of Economy, General Directorate “European Competitiveness Funds” in connection with the implementation of project BG16RFOP002-2.073-18301 “Overcoming the shortage of funds and the lack of of liquidity that occurred as a result of the epidemic outbreak of COVID-19”

The project is implemented with the financial support of the Operational Program “Innovations and Competitiveness” 2014-2020 (OPIC), co-financed by the European Union through the European Fund for Regional Development and from the national budget of the Republic of Bulgaria”. Procedure for granting grant-in-aid BG16RFOP002-2.073 “Support of micro and small enterprises to overcome the economic consequences of the COVID-19 pandemic”

The purpose of the current project proposal is to provide operating capital for Bulgarian micro and small enterprises to deal with the consequences of the COVID-19 pandemic. Achieving a positive effect on overcoming the economic consequences of the COVID-19 pandemic and job stability

Contract term: 3 months
Value of the granted grant under the contract: BGN 10,000.00.
which:
European co-financing: BGN 8,500.00
National co-financing: BGN 1,500.00.