REDUCING OPERATING COSTS AND ENHANCING COMPETITIVENESS OF THE SMES IN SOUTH BULGARIA: A CASE STUDY

Desislava Stoilova

Abstract


This study is intended to present some of the results, achieved during and after the implementation of the project Cross Border Implementation of Innovative Cost Cutting Technologies (CRОSS-INNO-CUT), co-funded by the European Union (ERDF) and National Funds of Greece and Bulgaria under the European Territorial Cooperation Programme “Greece-Bulgaria 2007-2013”, Subsidy contract №В1.33.07/14.04.2011. The overall objective of the project was to strengthen economic development through reducing the operating costs and improving competitiveness of the small and medium enterprises (SMEs) located in the cross-border area of North Greece and South Bulgaria. By means of a modern diagnostic tool, 100 diagnostic studies and audit reports were conducted by the experts, six areas of excessively high costs were identified, 33 cost-cutting action plans were developed, 14 plans were implemented by the SMEs and achieved positive results.


Keywords


SMEs, competitiveness, operational costs, European Territorial Cooperation Programme, Bulgaria

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References


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