Over 60,000 Companies in Bulgaria Are Run by Women

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Over 60,000 Companies in Bulgaria Are Run by Women

Over 60,000 companies in Bulgaria are run by women, 63 per cent of whom have higher education, Deputy Economy and Energy Minister Anna Yaneva told a news conference on Wednesday, BTA reported. However, there are more companies run by men - the ratio is two to one, she said.

Yaneva gave highlights of a forthcoming first international forum for women's entrepreneurship. The forum will be held between September 26 and 30 in Sofia and Plovdiv. It is organized by the Association of Women Entrepreneurs in Bulgaria with the support of the Bulgarian Small and Medium Enterprises Promotion Agency and under the auspices of the Bulgarian Ministry of Economy and Energy and the Italian Ministry of Economic Development.

Eli Anavi, director of the Economy and Energy Ministry's 'Enterprise Policy' Department announced the start of two ministry projects: Project 100, which will be financed in 2008, and Promotion of the Innovative Activity of Young People in Bulgaria – Technostart.

The Economy and Energy Ministry has earmarked 1,778,000 leva for the first project. Under the project for setting up competitive companies, entrepreneurs with good business ideas for starting up business in the regions of Pleven, Smolyan, Pazardjik and Yambol will receive non reimbursable financial aid.

Under the project Promotion of the Innovative Activity of Young People in Bulgaria - Technostart, seven micro or small technological youth companies will be set up this year. Bulgarians aged 29 or younger, who are pursuing their university studies or have graduated with a Bachelor's or Master's degree in 2008 will be able to seek non reimbursable aid for the project. On the basis of approved projects, the young people will receive 20,000 leva in grant aid.

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