SIEPA announced third open competition for non-refundable financial aid

Investment and Export Promotion Agency (SIEPA) has announced the third invitation for allotment of non-refundable financial aid for the investment projects. The open competition ends on March 16, 2007, before which the projects of domestic and foreign companies in fiel of production, services in international trade, research and development will be accepted.

Between 2,000 and 5,000 EUR per newly created job is planned for the investments in production, under the condition that the minimal amount of investments be 1-5m EUR and that, at least, 50 new jobs be created. The projects in the service sector can obtain between 2,000 and 10,000 EUR. The minimal amount of investments, in this case, equals 1m EUR and creation of, at least, 10 new jobs is required.