SMEs can submit subsidy proposals through April 25

The website will be open through April 25 for small and medium-sized enterprises to submit investment proposals for subsidies from the program, whose aim is to support SMEs.

The program covers the domains of manufacturing, tourism, commerce and services.

Eligible enterprises are those which had operated for at least a full 24 months up to December 2011 or are new and about to be set up.

The program covers all of the country’s regions and the subsidy rate ranges between 40 an 60 percent depending on the region and the size of the company.

Subsidized expenditures range from buildings and production equipment to software and promotion costs.

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