Purpose of the procedure:

The provision operating capital for the Bulgarian small enterprises, which realized a turnover of over BGN 500,000 for 2019, to deal with the consequences of the COVID-19 pandemic.

Total budget of the procedure:

BGN 78,233,200 (EUR 40,000,000)

The budget is envisaged to be divided proportionally by sectors of economic activity on the basis of statistical data on the number of small enterprises with a turnover of over BGN 500,000 in each of the eligible sectors.

Maximum grant amount: BGN 50,000.

The total amount of de minimis aid granted to the same enterprise does not exceed the BGN equivalent of EUR 200,000 (BGN 391,166) for a period of three budget years.

Eligible candidates:

Are legal entities or sole traders registered in accordance with the Commercial Act or the Cooperatives Act;

They have at least two completed financial years (2018 and 2019), within which they have carried out economic activity;

SMALL ENTERPRISES under the Small and Medium Enterprises Act and the Commission Recommendation of 6 May 2003;

Have realized a turnover for 2019 equal to or exceeding BGN 500,000.

Applicants under the demarcation line with other EU-funded plans and programs are not eligible.

Have registered a decrease of at least 20% in the turnover for one of the calendar months in the period from 01.02.2020 to the month preceding the month of application compared to the turnover for the same month from 2019.

Eligible activities:

Activities needed to address the shortfall or lack of liquidity resulting from the COVID-19 epidemic

Eligible costs:

They should be used to cover the running costs of the applicants; raw materials and consumables; external services (including overheads);

Personnel (incl. expenses for remunerations and expenses for social security and health contributions at the expense of the employer), etc.), the value of which is calculated in the value of the produced production / provided service.

The procedure provides for the possibility of applying financing on the basis of simplified cost options, determined by a correct, fair and verifiable method of calculation in accordance with the requirements of Art. 67 (5) of Regulation 1303/2013.