Expand production capacity by purchasing new additional technological equipment to expand the network of devices. Development of an innovative network of the postal operator, owned by "Intercapital Group" AD on the territory outside the Southwest region of the Republic of Bulgaria and realization of export to other neighboring countries.

"Intercapital Group" AD is a provider of payment services and owns Ind. license №3-015 / 27.06.2015g. issued by the CRC for postal money orders. It markets innovative service – collection of payments and money orders through a network of selfpayment kiosk devices- "Cashterminal". Currently there are 700 devices operating into a network. The company has conducted extensive market research and has adopted a plan for the division of the country. We are in negotiations for the realization of exporting our know-how to other neighboring countries. This necessitates the purchase of 300 new devices. The company is headquartered in Sofia,Bulgaria and has fullfilld its plan to place the devices in Sofia and South-West region.Currently stages are covered in SouthCentral, SouthWestern and NorthEastern regions. Following the plan for placing terminal devices the company intends to implement expansion in other areas of the country, put into operation 300 new terminal devices. Priority is placed in Northwestern region. Our commissioning of the devices, the company will expand its production capacity, improve manufacturing processes, will add new features in the services provided, will diversify the range of services and will implement new technologies to improve energy efficiency and protect the ecological balance. There were talks and provides for the export of software to other neighboring countries.Release in operation of new devices will help to expand the market position of "Intercapital Group" AD and will enable other enterprises of business to use our services that we provide. The main task is the population of Bulgaria can conveniently pay their bills, and save time and money.

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Overview

Status Closed (completion date)
Start date 20 Jun, 2016
End date 10 May, 2017
Contract date 20 Jun, 2016
View in UMIS

Financial information

Total cost 1,071,000.00
Grant 749,700.00
Self finance 321,300.00
Total paid 749,387.10
EU participation percent 85.0%

Location

North Central (BG32)