On 29th September 2020 PRIME TECHNOLOGIES Ltd. concluded with the Ministry of Economy, General Directorate European Competitiveness Funds an administrative Grant Agreement No. BG16RFOP002-2.073-23490-C01 for the project Overcoming the lack of funds and lack of liquidity , occurred as a result of the epidemic outbreak of COVID-19 under the procedure for provision of grants BG16RFOP002-2.073 Support to micro and small enterprises to overcome the economic consequences of the COVID-19 pandemic.
The project is funded by Operational Program Innovation and Competitiveness, co-financed by the European Union through the European Regional Development Fund and its total value amounts to BGN 10,000.00, of which BGN 8,500.00 European and BGN 1,500.00 national co-financing, with a duration of 3 months.
The main objectives of the project are to provide operating capital for Bulgarian micro and small enterprises so that the latter could deal with the consequences of the COVID-19 pandemic, to ensure the achievement of a positive effect in overcoming the economic consequences of the COVID-19 pandemic, as well as job stability.