Technological Modernization in the Enterprise

Project Information

Beneficiary „JOVANI BG“ Ltd.
Program National Recovery and Resilience Plan
Procedure BG-RRP-3.004 „Technological Modernization“
Contract No. BG-RRP-3.004-1243-C01
Project Name Technological Modernization in the Enterprise
Duration 12 months (10.04.2023 – 10.04.2024)
Total Value BGN 360,000.00 (BGN 180,000.00 Grant / BGN 180,000.00 Own Co-financing)

Tender Documentation

Documents for conducting the contractor selection procedure:

Publicity

Contract Announcement

„JOVANI BG“ Ltd. signed a grant agreement under procedure BG-RRP-3.004 „Technological Modernization“ under the National Recovery and Resilience Plan.

Brief Project Description

To overcome limitations to the company's development, one key activity will be implemented: Acquisition of new technologies with an emphasis on digitizing production processes to expand production capacity.

The successful implementation of this activity will positively impact achieving the project goals: restoring the company's economic potential from the pre-COVID pandemic period and creating conditions for growth and development through digitalization of production processes to expand the operations of small and medium-sized enterprises.

Along with this, the company will increase its productivity, expand its manufacturing capacity, and improve the efficiency of its production costs, leading to optimal return on investment. The investments under this procedure comply with the "Do No Significant Harm" (DNSH) principle for the environment and contribute to the country's green transition.

Project Objectives

The objective of the project is aimed at restoring the economic potential from the pre-COVID pandemic period and enhancing the competitiveness of JOVANI BG Ltd. in domestic and international markets through investments in modern technology and digitalized manufacturing equipment to produce high-quality products complying with European standards and requirements.

Expected Results

The expected results relate to increasing the company's competitiveness through optimizing the production process and achieving a stronger presence in national and international markets. This will be achieved by increasing the volume of produced and realized output as a result of digitalizing the production process and expanding capacity for cutting, sizing, and engraving various components.

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