“Together in Europe” is oriented toward SMEs and it enhances possibilities for absorption of subsidies under EU programs

UniCredit Bulbank and SGS Bulgaria, part of leading international group for certification and control of goods and services, have signed and agreement for cooperation under the UniCredit Bulbank’s program oriented to SMEs “Together in Europe”.

According to the signed agreement, SGS Bulgaria will make an assessment to companies which apply for crediting under the program “Together in Europe” under the criteria set by UniCredit Bulbank. The final assessment of SGS Bulgaria will help UniCredit Bulbank to form its credit risk evaluation. Something more, it will help decisions on credit to be taken faster. Companies which have certified their managements systems in SGS Bulgaria will use special preferences for crediting from the side of UniCredit Bulbank. The expert support for companies continues even after the credit has been extended. SGS Bulgaria specialists and bank consultants will give terms of reference for further operations till the successful completion of company’s investment intentions. The analysis reduces company’s management and credit risks and increases opportunities for absorption of subsidies under the EU programs.

“Together in Europe” which is prized for “Financial product of Year 2007” aims to support small and medium business in Bulgaria in the process of enhancing its competitiveness on the European market introducing international standards for quality management.

The term for credits under the program “Together in Europe” is up to 7 years with a grace period of up to 1 year. Credits are extended under simplified and speed up procedure. Credit size depends from company’s investment needs. Interest on credit depends from its size, term, pledge and the company’s rating according to the assessment of SGS Bulgaria or the assessment of the other main partner of UniCredit Bulbank - Moody International.