The Ministry of Innovation and Growth finances the development of the Shumen industrial zone with nearly 3.5 million levs. The total investment value is 4.3 million levs. The project includes the construction, reconstruction, and rehabilitation of the connecting technical infrastructure to the industrial park. The funds are provided within the framework of the Program for Public Support for Industrial Parks and for Attracting Investments ("AttractInvestBG") from the National Recovery and Resilience Plan.
The Deputy Minister of Innovation and Growth, Yakimov, noted that the project will increase the functionality and complete the image of the industrial park. This is an important step in attracting investments for Shumen and the region, as well as in increasing competitiveness. It is expected that six more investors will be attracted and more than 100 new jobs will be created at the time of project completion.
Yakimov added that the program also supports five zones in Northern Bulgaria (Ruse, Targovishte, Lovech, Svishtov, Vidin) and four in Southern Bulgaria (Sliven, Burgas, Stara Zagora, Sofia). He also emphasized the recent changes in the Investment Promotion Act, which are in favor of investors, such as shortened administrative service deadlines, simplified procedures, and conditions for certification.
In front of the representatives of the local authorities, Yakimov stated that the Ministry of Innovation and Growth has provided additional funds under the procedure for family enterprises, creative industries, and crafts. In the Shumen region, 60 projects worth over 6 million levs have been approved for financing.
At the ceremony for the groundbreaking of a new roundabout near the village of Madara, as part of the expansion of the industrial zone, the Regional Minister Ivan Ivanov, Mayor Prof. Hristo Hristov, the management of "Industrial Park Shumen" AD, representatives of the local authorities, and the business community were present.
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