Support for sustainable business

SID TRADE IMPEX Ltd. is a micro-enterprise established within project № BG05M9OP001-1.023-0164 "Encouraging entrepreneurship in the Northeast region - an incentive for economic growth and employment creation in Shumen and Dobrich districts", financed by OPRD 2014-2020. The company is active in the field of retail sale of souvenirs and gifts, incl. jewelry, metal, textile and leather goods. At present, the company is in an early stage of development and needs professional and focused support for the development of sustainable business. By addressing directly the needs of SID TRADE IMPEX Ltd., this project aims to support the initial strengthening of the enterprise, to provide better management and to create preconditions for successful and sustainable development in the future. The goals of the project will be achieved by providing access to individual marketing services for the specific products with which the company trades - souvenirs and gift products, as well as by providing access to information technology services related to the development of an integrated software platform for online retail sale of souvenirs and gift products. The planned project activities will ensure the creation of a more favorable environment for successful and sustainable business development of the newly started enterprise, that is currently in a highly vulnerable market situation and is relatively weakly competitive due to the early stage of its development. The project activities are directly aimed at solving one of the main problems of SID TRADE IMPEX Ltd. - the lack of recognition of the company and the insufficient number of channels for selling and promoting the business, as well as the need to conquer new markets. The project implementation will significantly increase the chances of a competitive survival of the enterprise and will create preconditions for successful and sustainable business development in the future.

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Overview

Status Closed (completion date)
Start date 18 May, 2020
End date 18 Aug, 2020
Contract date 18 May, 2020
View in UMIS

Financial information

Total cost 4,988.00
Grant 4,988.00
Self finance 0.00
Total paid 4,988.00
EU participation percent 85.0%

Location

Bulgaria