05.02.2007 NEW BUSINESS IN KARDJALI AIDED BY EUROPEAN FUNDS

Nov Jivot Newspaper, 2nd February 2007

More than 600 000 leva were spent to complete the building of the “Business Incubator” in Kardjali. Additional 515 000 leva were provided to equip and furnish the building, which is expected to open on May 24th this year. The “Business Incubator” is very important for the town of Kardjali as it is the first step for the town to acquire larger funding from the EU. The purpose of the building is to help the new small companies to successfully establish their business. The companies which are just starting their business are under bigger risk as their owners do not have enough experience and they need to be provided with further training. The contractors will receive equipped offices. They will get help and assistance to develop business plans and projects. The companies with potential will be financially stimulated by the EU development funds.

The building will be public property. The managing team of the “Business Incubator” consists of highly experienced specialists, who have the necessary skills to develop new companies into sustainable and successful businesses. There are six business buildings of this type in Bulgaria – in Vraca, Mezdra, Montana, Belogradchik, Kardjali and Madan. Only the one in Vraca is getting repaired with funding from the EU. All the others are being reconstructed by the republican budget.

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