MMotors is a Joint- stock company which is an assignee of the “Metal products” - company established in 1961. MMotors owns two self-developed patents in the area of asynchronous motors, which are successfully commercialized by the company. The products of MMotors are well accepted in the Balkan countries, EU, Russia and the Near East. The increased demand of the products of the company requires expansion of its activities and production capacities. With that regard the company envisages to hire additional staff of 11 employees. The current project will ensure the needed financial resources for salaries and social security for the first year of designation of the staff, as well as to assure the part of the needed equipment for the working places, work clothes, personal protective equipment, occupational health. The project duration will be 18 months as the budget is BGN 130 000. 20.
Overview
| Status | Closed (completion date) |
|---|---|
| Start date | 12 Sep, 2016 |
| End date | 12 Mar, 2018 |
| Contract date | 12 Sep, 2016 |
Programme
Beneficiary
Financial information
| Total cost | 130,000.20 |
|---|---|
| Grant | 130,000.20 |
| Self finance | 0.00 |
| Total paid | 94,067.12 |
| EU participation percent | 85.0% |
Location