On 29/03/2016, the Bulmag AD signed a contract for grants under the Operational Programme “Innovation and Competitiveness” 2014-2020 procedure “Improving the production capacity of SMEs”.

The total cost of the project is 1 088 520.00 BGN, of which 637 491.73 BGN, european funding, 112 498.55 BGN. national funding and 338 529.72 BGN, self-financing by the beneficiary.

The main objective of the project proposal is to create conditions for implementation of export activity and thus increase the production capacity of the enterprise in the form of increasing the volume of services provided. This will be achieved through the introduction of new high-tech web-based software platform for automated storage of user information (Backup and Restore) to a remote server. Web-based version of the platform will provide access to the service from anywhere in the world, which will enable the export of that particular service. Delivering the service is not related with the physical presence of employee of the company or installation on customer’s laptop, which will optimize the manufacturing process by reducing the committed labor time and also will improve the efficiency of resource costs.

During the execution of the project proposal along with the main objective several other accompanying specific objectives will be met:

1. Increase sales;
2. Expand market share;
3. International market obtained revenue. 6-10% of the net income of the company to be derived from international markets as a short-term goal;
4. Increase labor productivity;
5. Improve resource efficiency.

The successful project implementation and achievement of goals are a prerequisite of achieving a strong development at Bulmag AD. All this will increase significantly the competitiveness of the company and will allow the seizure of solid international market positions.

Achieving these objectives directly corresponds with the objectives of this procedure “to increase the production capacity and enhance export potential.” Implementation of project goals and optimize production processes and expand the potential of the company to a wider range of services. This corresponds to the other end of the OP “Innovation and Competitiveness” 2014-2020, namely “sustainable growth by fostering a more competitive economy with more efficient use of resources”.