900 M EUR for Development of Bulgaria Rural Tourism

News.bg, Feb 18, 2008

Three of the measures under the Program for rural development - “Diversification of the non-agricultural activities”, “Support for the creation of micro-enterprises” and “Promotion of tourist activities” were presented within the 'Tourism and Leisure Fair' in Varna.

Their total budget for this year is 900 M EUR. The first measure supports rural tourism, local crafts, infrastructure projects and all investments not connected to agriculture.

Beneficiaries under this measure can be agricultural producers from the village municipalities. They can get 20% of the project value in advance payment (for projects which are over 50 000 EUR)

The second scheme will support traders, physical persons or legal entities while the third scheme will support the municipalities.

The grant will be up to 70% from the approved expenses but not more than 200 000 EUR.