In the year 2000, my partners and I launched the PETERKA & PARTNERS law firm in Prague, Czech Republic. Over time we developed an ambitious idea - to create an integrated regional law firm, which at first seemed almost impossible. However, after years of dedication and hard work, we became a strong alternative to the global giants and local law firms active in the CEE region through their networks or best friends.
The application process for a grant for medium-sized enterprises1 has been opened. The deadline for application (i.e., filing of a project proposal) is 16:30 EEST on 24 August 2020.
The procedure has undergone several changes since its initial announcement (for more information you can take a look at our previous article on the subject here). Therefore, we would like to share briefly what we believe are the most significant changes in the procedure, in particular, mainly in the criteria that must be met by applicants:
As evident from the above, among others, turnover has become more relevant that net revenues.
1 Under Bulgarian law, medium-sized companies are companies with (i) an average number of staff of fewer than 250 and (ii) an annual turnover not exceeding BGN 97.5 million (approximately EUR 49,850 million) and/or whose asset value does not exceed BGN 84 million (approximately EUR 42,948 million).
For any further information and assistance with respect to the above and any other Covid-19 related legal matters, please do not hesitate to contact us at firstname.lastname@example.org.
This document reflects the status as of July 17, 2020. This document is for informational purposes only and may not be considered a legal opinion or advice.