New ideas - Bulgaria
If you want to find out which fields the government is planning to support in the near future, you can see what the priorities areas are in the approved National Innovation Strategy. Its objectives are to increase the economy's competitiveness, attract investment, stimulate the transfer and implementation of modern technologies, and to secure funding for innovation.
Special laws have been devised allowing concessions in other fields, such as renewable energy sources. An energy strategy has been set up in Bulgaria, along with the adoption of the Energy Efficiency Act (ZEE).
With regard to technological innovations an operative programme co-financed by the EU has been drawn up to develop competitiveness, as well as procedures for providing financial aid. You can find out more information about the programme and the procedures for providing financial aid at:
Alongside innovation, access to R&D is essential for businesses to develop and stay competitive.
Intellectual property must be protected to encourage innovation.
To set up an energy company, you must submit an application for a licence to the State Energy and Water Regulatory Commission.
A National Innovation Fund already operates in Bulgaria, which periodically announces tenders for companies with innovations eligible for finance.
The Energy Efficiency Fund finances company projects, such as the training of staff on the proper use of new, energy-saving equipment. The fund also offers technical support and advice.
The Operational Programme 'Development of the Competitiveness of the Bulgarian Economy 2007-2013' has been drawn up based on the principle of socio-economic partnership under the coordination of the Ministry of Economy, Energy and Tourism.
You can find out more information about funding from EU programmes and structural funds on the Bulgarian Ministry of Finance website.
Bulgaria has approved a programme on renewable energy sources, which will run until 2015. The government has undertaken the commitment to buy thermal energy produced from biomass. This programme encourages the production and import of suitable technology. It is managed by the Ministry of Economy and Energy.
Check also the legislation on this topic in: