A new grant scheme for grant funding for energy efficiency

Against the background of the rising prices of energy carriers, the uncertainty of gas supplies and the increased demand for alternatives, the Ministry of Energy announced a procedure for free financing of energy efficiency measures in enterprises. The purpose of the procedure is to increase the efficiency of industrial processes in production and, accordingly, the competitiveness of Bulgarian enterprises in the long term.

Awaiting record European funding

The European funds are allocated according to priorities in nine programs for the period 2021-2027, financed by the European structures and investment funds, as well as 57 investments and 47 reforms laid down in the National Recovery and Sustainability Plan (NRSP) until 2026. The record funding amounting to more than 25 billion euros requires that the funds be utilized in the most expedient, efficient and synergistic way in the areas of greatest need.

European funds for Bulgarian business

In this and the following years, numerous opportunities for targeted financial support of businesses are opening up. "New I" summarises the most anticipated among them in an article for Economy magazine.

European Innovation Fund – Bulgarian companies can receive up to 4.5 million euros for low-carbon technology projects

The Innovation Fund is one of the largest instruments for financing low-carbon technologies in Europe. It finances projects aimed at implementing innovative technological solutions to accelerate the decarbonisation of the EU and support the transition to clean energy. The Innovation Fund supports a wide range of activities divided into different sub-categories, including renewable energy technologies, energy storage and innovation in energy and carbon-intensive industries.

Opportunities for financing “green” investments under the “LIFE” program

LIFE is one of the European Union's main financial instruments that is connected to the environment and climate action. The program supports projects in four main sub-programmes with an independent budget - "Circular economy and quality of life", "Mitigation of climate change and adaptation to its consequences", "Transition to clean energy" and "Nature and biodiversity". The budget for the program has been increased by 60% compared to the previous period, in the context of the transition to climate neutrality and the achievement of the goals set in the European Green Deal.

The direction is green transition and digital transformation

The challenges and opportunities facing the Bulgarian business through the eyes of "New I". The article explores the answers regarding the forecast of the development of the consulting business that is related to the European projects in Bulgaria; recommendations to businesses that are full of ideas but are hesitant to implement them due to the economic situation; which companies face a crisis in the green transition and digital transformation; and other topical issues.
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