BCCI: Bulgaria needs BGN 1 bn for innovation

“Bulgaria needs BGN 1 bn for innovation over the next seven years,” Yosif Avramov, Co-Chairman of the Council on Innovation with the Bulgarian Chamber of Commerce and Industry (BCCI) and Management Board member of BCCI , told BIA. The employers' organisation proposes that companies' investments in innovative projects be exempt from taxes. Another proposal of BCCI is to reduce the percentage of own resources for co-financing beneficiaries of projects under OP Competitiveness from 20%-50% to 10% at the most because of the serious financial problems of the candidates. Yosif Avramov said that practical steps have to be taken in order to step up the assessment procedures for EU projects. One of the options is for commercial banks to outsource this activity.

According to BCCI, imposing judicial control over audit procedure suspension acts is a measure that will be of vital importance in order to gradually restrict and subsequently eliminate the arbitrary way in which the revenue administration selects the audit procedures it suspends. “It is absolutely necessary to earmark enough funds in the draft budget for 2013 – at least BGN 20 mln – for the National Innovation Fund,” Yosif Avramov stated. The draft budget for 2013 should also include increased resources for the Scientific Research fund in order for it to operate normally. The funds should amount to at least BGN 40 mln.

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