Bulbank launches new program which will be directed toward raise of competitive power of SMEs during the integration process of Bulgaria in EU. The program is named "Together in Europe".

Moody International consultants together with banks owned by UCI in Bulgaria, advice local companies to make necessary investments as well as to make changes in the production process with a view to Bulgarians forthcoming EU membership and the expected stronger competition on the local market.

The new program aims to finance enterprises in relation to cover different European standards:

• Establishment and reconstruction of production premises

• Purchase and modernization of technology equipment and installations

• Introduction of production practice

• Consultation expenditures

• Specialized personnel training

• Certification.

The expert aid of consultants will continue even after the financing was extended. Depending on the size and continuance, regular reports give directions toward further actions till the successful completion of the investment intentions.

Companies under the program "Together in Europe" could apply for partial finance all along the line of different pre-integration EU programs for Bulgaria on the base of draw up project. After the decision for finance of the project was endorsed and the project starts, Moody International consultants will observe the implementation of assumed engagements which guarantees grants to be received under the above mentioned programs.

Credits under this program posses maximum term of seven years and up to one year grace period at simplified and speed up procedure concerning the consideration and decision taking.