Bulgarian Small And Medium Enterprise Promotion Agency

Measures implemented by BSMEPA in support of the internationalization of Bulgarian enterprises The Bulgarian Small and Medium Enterprises Promotion Agency (BSMEPA) is an administrative structure with the Minister of Economy, which implements the state policy for promoting entrepreneurship, development and internationalization of SMEs. BSMEPA’s main goal in the field of internationalization is: Providing support to Bulgarian enterprises for their stable development, successful integration into the European and world economy and expanding their presence on target markets. BSMEPA is an institution responsible for conducting and implementing government policy in the field of export validation as a key factor for economic growth. In order to implement an integrated package of innovative measures to assist exporters, stimulate investment in export-oriented activities and ultimately improve the country’s external financial position, BSMEPA has focused its efforts on developing a digital platform to provide broad opportunities for the Bulgarian enterprises to establish an interactive contact with their potential foreign partners. The efficiency of the platform depends entirely on the activity of the Bulgarian with the help of which it can be upgraded. It is an innovative and high-tech platform for supporting SMEs’ activities and development, both in Bulgaria and abroad. It has a unified centralized digital information log for the operating companies. This platform provides technology tools for providing more markets and bigger growth of the export. It includes categorization of Bulgarian small and medium enterprises by industry, size, produced goods and services, capacity, markets of realization, industrial certification. It will create profiles of Bulgarian SMEs and the existing and potential business partners.