Small and medium-sized enterprises
Three Memorandums of Understanding signed Executive Director of BSMEPA Dr. Boyko Takov on Wednesday with Armenian partner organizations. The ceremony was held in Yerevan, Armenia, where Mr. Takov participated in the final part of the VIII-th session of Bulgarian-Armenian Intergovernmental Commission for Economic and Scientific and Technological Cooperation.
The SME Promotion Agency is ready to help identify the main problems of the business environment that stifle small and medium-sized companies in Bulgaria as well as to be a partner in the search for possible solutions and the implementation of initiatives in support of their activities. This was stated by the Executive Director of BSMEPA Dr.
The World Trade Organization (WTO) needs to be reformed urgently and needs to be strengthened, because at present it is incapable of making decisions, European Commissioner for Trade Cecilia Malmstrom said Thursday in Bucharest. The European representative warned that should the WTO collapse, there would be catastrophic consequences in the economy.
Opportunities and directions for cooperation in support of small and medium business were discussed at a meeting on Thursday by Dr Boyko Takov, Executive Director of the Executive Agency for Promotion of Small and Medium-sized Enterprises (BSMEPA) and Larisa Manastirli, Director of the European Bank for Reconstruction and Development / EBRD / for Bulgaria.