The Payment Agency has made an advance payment of BGN 284 938 for the construction of a fish processing facility and a cold storage facility for fish and fish products in Bourgas.
The approved financial aid amounts to BGN 970 000 and comes under the Fisheries operational programme. The project is slated for completion by June 3, 2013.
The funding comes under measure 2.6 and is financed by the European Fisheries Fund. The subsidy covers up to 60% of the approved investment, where 75% is European financing, with the balance provided from the state budget.
For the second project, a BGN 100 940 grant will be extended for scrapping a fishing vessel. The funding comes under measure 1.1 and is financed by the EFF and the state budget in an 85%:15% ratio. The subsidy covers up to 100% of the approved investment.