Improved production capabilities and export potential of Biotrade Bulgaria Ltd.

Biotrade Bulgaria Ltd. was established in 2005 with the main activity of creating and developing new substances in the field of chemistry, pharmacy and medicine and is currently one of the most successfully developing manufacturers of dermatological cosmetics. The company strives to become more and more convincing on the European and international market, and for this purpose it needs the technological renewal of some of its amortized equipment to improve the quality of its products. The overall objective of the project is to increase the production capacity of Biotrade Bulgaria Ltd. and to expand the company's market positions. Activities related to the purchase of high-tech laboratory equipment to improve productivity are planned. As a result of the implementation of the project, it is expected: Improvement of the company's economic development indicators; Increasing productivity and revenue; Improving the quality of manufactured products; Increase market share.

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Overview

Status Closed (completion date)
Start date 04 Feb, 2020
End date 05 May, 2021
Contract date 04 Feb, 2020
View in UMIS

Financial information

Total cost 376,190.00
Grant 263,333.00
Self finance 112,857.00
Total paid 131,666.50
EU participation percent 85.0%

Location