Small and medium-sized enterprises

Mr. Boyko Takov, Executive Director of the Bulgarian Small and Medium Enterprises Promotion Agency (BSMEPA) and Mr. Sergio Arzeni, President of the International Network for Small and Medium Enterprises (INSME), discussed the possibility for possible future cooperation. They spoke at the 15th Annual Meeting of INSME members, which took place on June 6 - 7, 2019, in Naples, Italy.

Small and medium-sized enterprises (SMEs) paid a disproportionately high price compared to other businesses in Greece during the crisis. The shutdowns in this category, often referred to as the "backbone of the Greek economy," have come at a much higher rate than in the rest of the economy.

The European Commission provides technical expertise to Bulgaria through the Program for Supporting Structural Reforms to improve the business environment and promote entrepreneurship, the EC press service said.

Turkey has invested some 566 million Turkish lira ($103 million) in subsidies to its small- and medium-sized enterprises (SMEs) in the first three months of 2019, according to official figures released on April 14.

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 three main features of businesses that have not only survived the crisis but also grown are being of medium size, export-oriented and involved in manufacturing, according to a National Bank survey on small and medium-sized enterprises.

The Executive Director of the Bulgarian Small and Medium Enterprises Promotion Agency /BSMEPA/ Dr Boyko Takov is visiting the Republic of Korea to participate in the official third part of the project Knowledge Sharing Program (KSP) entitled "Interim Reporting and Policy Practitioners Workshop".

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.

Representatives of more than 50 small and medium-sized companies participated in the first ever seminar organized by the Bulgarian Stock Exchange (BSE), the Bulgarian Small and Medium Enterprises Promotion Agency (BSMEPA) and the Bulgarian Association of Licensed Investment Intermediaries (BALIP).

- Mr. Takov, for three months you are the Executive Agency for Promotion of Small and Medium-Sized Enterprises (BSMEPA). What are your priorities for improving its activity?