On February 10, 2020, BULBIOCHEM EOOD launched the implementation of Grant Agreement No. BG16RFOP002-2.040-1469-C01 titled “Improving the Production Capacity and Enhancing the Export Potential of BULBIOCHEM EOOD.” The agreement is part of procedure BG16RFOP002-2.040 “Improving the Production Capacity of SMEs,” financed by the European Regional Development Fund (ERDF) through the Operational Programme “Innovation and Competitiveness” 2014–2020. The project implementation period is 12 months.

The main objective of this project proposal is to improve the production capacity, automate processes, and enhance the overall competitiveness of BULBIOCHEM EOOD through the acquisition of modern equipment and machinery.

The project – “Improving the Production Capacity and Enhancing the Export Potential of BULBIOCHEM EOOD” – has a total value of BGN 925,850.00. The amount of the grant funding is BGN 648,095.00, of which BGN 550,880.75 is provided through European co-financing and BGN 97,214.25 through national co-financing.

Project start date: 10.02.2020

Project end date: 10.02.2021