Improving the competitiveness of "Balkanska zvezda" Ltd through the implementation of new equipment that allows increasing of the production and export capacity and enhancing the resource effectiveness and efficiency

The execution of the current project helps for the realization of a main necessity for Balkanska zvezda Ltd regarding the improvement of the competitiveness of the company through creating possibilities for improving the production and export capacity and enhancing the resourse effectiveness and efficiency. The enterprize is part of the target group of small and medium sized enterprises that face the typical development problems of the Bulgarian SMEs, including high production costs, obsolete equipment and technologies, insufficient production capacity and quality of the manufactured products. The project is in the eligible target group of the procedure as it consists of activities for implementation of new machinery for enhancement of the resource effectiveness and efficency and is actually in the field of the proposed tematic areas of the Innovation Strategy for Intelligent Specialization. The activities of the project include production improvement, adding new characteristics and bettering of existing products and services, establishing variety of the assrotment of products and implementing of new equipment for the improvement of resource effectiveness and efficency in the production. The expected results include improvement of the market presence and creation of export potential through the implemented machinery and equipment, achieved high productivity, diminished production costs, optimized production chains and increased added value. The actual execution of the project includes the purchase and implementation of the following 4 machines and equipment: 1. Lathe with computer numeric control (1st type) - 1 piece; 2. Lathe with computer numeric control (2nd type) - 1 piece; 3. Universal circular sander - 1 piece; 4. Vertical machining center - 1 piece. The project estimated cost is 501160,00 leva, of which 60% or 300696,00 lev are grant financial aid, and 40% or 200464,00 are "Balkanska zvezda"'s own contribution. Project's duration is 18 months.

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