Increase of the quality and competitiveness of PRINCE OOD through technological modernization and production capacity enlargement

This project is prepared by "PRINCE" Ltd., a Bulgarian small company which core business is production of items from leather, economic code 15 12 "Production suitcases, bags and other travel-related items" under the Classification of the economic activities. This is the first project of the company under Operation Programme with the Ministry of economy. The project includes purchase and installation (supply, fixing and initial tests) of machines for manipulation of small leather details, single needle machines, computer controlled cycle machines and rotary fusing press machine. The total amount of the project is BGN 521 261. The project shall be implemented on the territory of the North central planning region (NUTS 2). The project is aimed at the following targets: Target 1 "Increase of the production capacity of the applicant" and Target 2 "Enhancement of the export potential of the applicant". The duration of the project is eighteen (18) months. The activities of the project are as follow: "Activities for improvement of the production processes" and "Activities for introduction of new technologies for improvement of the resource effectiveness and efficiency in the production". The project belongs to the following category of investment: "Enlargement of the capacity of the existing enterprise". The project corresponds to the following principles laid down in the horizontal policies of EU: "Equality and no discrimination" and "Sustainable development – support for projects contributing to environmental protection, improvement of the resource effectiveness and mitigation of the consequences of the climate change and adjustment to it". In the implementation phase the beneficiary shall strictly apply „Public tender“ as provided for by Ordinance 118/20.05.2014, because the grant size is bigger than 50% of the total project amount.

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