OPSMEI - Operational Programme Small and medium sized enterprises initiative

Evelina Peneva - Executive director
Type of the organization / person: Government

Managing Authority of the Operational Programme is Directorate General "European Funds for Competitiveness" at the Ministry of Economy. The budget of the new Operational Programme amounts to € 102 mln., wholly from the EU under the European Regional Development Fund, since it does not require national co-financing. The funds are allocated from the Priority Axis 2 of OP "Innovation and Competitiveness" 2014-2020, provided for the implementation of financial instruments. The portfolios of loans, except by the means of the Operational Programme, will be also guaranteed with funds from COSME / HORIZON 2020, as well as with resources of the European Investment Fund and the European Investment Bank.Under the SME Initiative in Bulgaria one guarantee product is envisaged to be implemented. The product includes unlimited guarantees for providing capital advantage to financial intermediaries for new portfolios of debt financing of eligible SMEs, which will be implemented under more favorable conditions in comparison to the implemented under the OP “Development of the competitiveness of the Bulgarian economy” similar product.

Key clients and/or partners