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Project name: Business and Trade Development Program

Start date: 01.10.2004

End date: 30.11.2007

Project description:
Initially, the main focus of the program was technical assistance, training and small grants to assist the further development of indigenous business support organizations. The program targeted high growth sectors with export potential such as tourism, financial services, and information and computer technologies. The program provided a technical and regulatory impact review of draft legislation in support of the Council of Economic Growth. However, the program achieved its greatest impact from an innovative program establishing the “Authentic Bulgaria” quality mark and awarded 55 such certifications in 2006. This program helped small hoteliers improve quality and was designed to attract higher paying tourists by developing a high-quality niche market in the tourism sector.

Implementer: Volunteers for Economic Growth Alliance (VEGA)

Funding: $4,200,000