Kirkovo Ltd. is executing a contract for the project BG-RRP-3.004-1929-C01 ‘Technological Modernization in the Company’ with the financial support of the European Union – NextGenerationEU under the National Recovery and Resilience Plan. The project aims to increase the efficiency of production processes, enhance productivity, reduce production costs, and optimize the production chain in the company. It will enhance the technological modernization of the company, leading to increased competitiveness and production capacity, as well as an expansion of export potential, resulting in an improvement in the company’s market presence.
The expected effect is to recover the economic potential from the pre-COVID period and create conditions for growth and development through the digitalization of production processes to expand the company’s operations. The project investments fully comply with the principle of ‘do no significant harm’ to the environment and contribute to the country’s ecological transition.
The main project activities are focused on the supply, installation, and commissioning of modern technologies and equipment for the production of high-quality products that comply with European standards and requirements. The emphasis is on digitalization of production processes to expand production capacity and diversify the range of products and services offered. As a result, the potential for production and export of high-value-added products will increase, ensuring the development of a competitive, efficient, and effective production that guarantees sustainability and a positive economic impact for the company, along with increased employment.
The implementation of new technologies will also lead to improved resource efficiency, increased production capacity and product quality, and the adoption of good management systems and new business models and practices.
The successful execution of the project will achieve the objective of the procedure, which is part of the ‘Economic Transformation Program’ within the ‘Intelligent Industry’ component of the National Recovery and Resilience Plan.
The total value of the project is 1,345,000.00 BGN, of which 672,500.00 BGN is non-repayable financing.
The activities started on April 10, 2023, and are expected to be completed according to the contract on April 10, 2024.
