Bulgaria to allocate 6.6 mln euro to circular economy projects

Companies can receive up to 200,000 euro each in financing under the cross-border cooperation programme between Bulgaria and Turkey, the ministry said in a statement last week.

The proposed projects must target energy efficiency, greenhouse gas reduction and shifting to a circular and resource-efficient economy.

The initiative will prioritise the promotion of circular production processes through the purchase of technological equipment and the development of new business models. The funds can be used to buy energy-saving equipment, upgrade production facilities for energy efficiency and implement automatic energy consumption monitoring systems.

Project proposals will be accepted starting mid-November.

($ = 0.9372 euro)