Funding

Bulgarian farmers receive funding for their activities from several sources:

- By State Fund “Agriculture” Bulgarian farmers receive financial assistance under the State aid measures, under the Common Agricultural Policy and Common Fisheries Policy of the European Union as well as the Program for Rural Development.
State Fund “Agriculture” is accredited by the European Commission to act as the Paying Agency. The fund provides financial assistance from EU funds for Bulgarian agriculture through four instruments:
· Direct payments to which there are national co-payments
· Funds for marketing support
· Measures by the Program for Rural Development,
· Measures by the Development Programme “Fisheries”.
- Programme for rural development is applied in Bulgaria for the programming period 2007 – 2013. It is directed to the development of competitive agriculture and forestry, innovations in food processing, preservation of natural resources and environment and to promote employment opportunities and better quality of life in rural areas.

 

The amount of grant for one person varies depending on the type of measure applied and its activities. For some measures the grant is available to area (arable land or forests) or farm (eg in support of young farmers and semi-subsistence farms). State Fund “Agriculture” as a Paying Agency, through its 28 regional directorates, applies different measures for financial assistance under the program by receiving, processing, approving and paying the submitted proposals.

Measures for financial assistance under the program are grouped in four priority axes as follows:
· Axis 1 “Improving the competitiveness of agriculture and forestry sectors”
· Axis 2 “Improving the environment and nature”
· Axis 3 “Quality of life in rural areas and diversification of the rural economy”
· Axis 4 “Leader” (French: ‘Links between actions for the development of rural economy “)

 

- Funding from the European Fisheries Fund is provided through the Executive Agency for Fisheries and Aquaculture under the Operational Programme for the fisheries sector.

Specific information on obtaining grants for your business you may find at:

http://www.dfz.bg

http://www.prsr.bg

http://oprsr.government.bg

 

- You cen achieve bank credit from the Bulgarian banks, most of which offer special financing programs for farmers. The specific terms of loans offered by some banks you may find on:

 

http://www.unicreditbulbank.bg

http://www.ubb.bg

http://www.tokudabank.bg

http://msp.rbb.bg

http://www.procreditbank.bg/main/bg/index.php

http://www.piraeusbank.bg

www.ibank.bg/index.php?page_id=62

www.fibank.bg/bg/page/56

https://dskbank.bg

http://www.ccbank.bg