Strengthening and enlarging the presence of the Bulgarian SMEs on the international markets and effectively using the advantages of the European market.
The good practice is realised by implementation of the activities under the project BG161 PO003-4.2.01-0001 „Promotion of the internationalisation of Bulgarian enterprises”, funded by the ERDF, under the Operation 4.2. “Support for the successful promotion of Bulgarian enterprises on the international markets“, within the OP “Development of the competitiveness of the Bulgarian economy” 2007-2013 and by the National budget. These activities are: Providing financial support for Bulgarian SMEs for participation in international exhibitions and trade missions; organisation of international events within international exhibitions, promotional events, business forums and information meetings on the territory of the country; free information and consultancy services for raising the export potential of SMEs, including through the development of sectoral strategies, analyses and policies for 18 export-oriented sectors, the development of more than 170 product-oriented marketing researches and analyses.

The practice uses a combination of various instruments for stimulating and sustainable developing the internationalisation of SMEs in Bulgaria.

Validation of the success of the GP is provided additional funds from the state budget for to guarantee implementation of the activities for the period after the closure of the Project (April 2015) untill next project started.

Resources needed

The total cost of the practice is 12 165 150 EUR

Evidence of success

The number of enterprises received financial support for participation in international events and trade missions is 2195. The amount of the provided grant support is 9 637 933 EUR. For 5 years is reported a 40% raising of the export in SMEs as a result of international exhibitions , trade missions and delegations.

Potential for learning or transfer

Validation of the success of the GP is provided additional funds from the state budget for to guarantee implementation of the activities for the period after the closure of the Project (April 2015) untill next similar project has started. Potentially for transfer are the approach of support as direct grants for export-oriented Bulgarian SMEs, as well as non-financial support for raising the capacity, promoting and developing the export activity of the companies.

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Project
Main institution
Bulgarian Small and Medium Enterprises Promotion Agency
Location
Югозападен, Bulgaria (България)
Start Date
April 2010
End Date
April 2015

Contact

Mariya Zlateva Please login to contact the author.

Good Practices being followed by

Soizic Linford

Coventry University Enterprises