Minister Karadimov: MIG financed the construction of an industrial zone in Svishtov with nearly BGN 27 million

The Ministry of Innovation and Growth is financing the construction of an industrial zone in Svishtov with nearly BGN 27 million. This is the approved budget of the project under the procedure for the development of industrial zones and parks from the National Plan for Recovery and Sustainability. The implementation of the project will be key to the economic growth of the region, as well as to the retention of young people in the district. This was stated by the Minister of Innovation and Growth Rosen Karadimov at a working meeting in the Municipality of Svishtov with the mayor of the city Gencho Genchev, the regional governor of Veliko Tarnovo Ivaylo Zdravkov and representatives of local businesses. Delyana Ivanova, executive director, also took part in the meeting. Chairman of the Supervisory Board of the Bulgarian Development Bank and representatives of the project partners.

"One of the goals of the Bulgarian Development Bank is to support the state in policies to overcome regional imbalances, such as the policy of building industrial zones and parks. With their construction, the re-industrialization of Bulgaria practically begins. The citizens of Svishtov have a lot to be proud of, as it is the only city that is not a regional center and has qualified for funding to build a fully municipal industrial technology park. I am convinced that this will be a catalyst that will further stimulate the development of the region," said Minister Karadimov.

Under the procedure for the development of industrial zones and parks, the Ministry of Innovation and Growth ranked 11 projects in 10 municipalities for a total of BGN 207 million. The municipalities are Ruse, Shumen, Svishtov, Lovech, Sofia, Burgas, Stara Zagora, Vidin, Targovishte and Sliven.

The meeting also presented the opportunities for the development of industrial zones and support for investors under MIG - through the Bulgarian Development Bank, the Bulgarian Investment Agency, the Fund of Funds and the European programs administered by the Ministry of Innovation and Growth. During the conversation, it became clear that the BDB can provide the preliminary financing for the implementation of the projects, after the Council of Ministers approved the bank's new strategy, which allows it to support public investments implemented with national and European funds.