Covid 19 Coronavirus Financial Aid

Covid-19 Financial Aid

5 November 2020 by martin

Nobody imagined that the scar of the COVID-19 pandemic would mark 2020. Millions of lives have been threatened by the deadly virus and its effects on the human organism. The pandemic, however, had even more far-reaching consequences beyond the spread of the disease itself and efforts of all governments, businesses, institutions, and civilians to quarantine it - the most massive global recession in history.

As a responsible 3d design business, we do our best to ensure the safety of our employees during these times of uncertainty, fear for the health, and economic turmoil. 
Our task was simple - make sure that the business continues as smoothly as possible with all the necessary safety measures demanded by the Bulgarian government and the World health organization. 

And we managed to continue doing our best in terms of client satisfaction, CGI project rollouts, and deliveries. However, the pandemic made the economic conditions very hard for all parties in our industry. That is why even a promising business like ours needed a sound stimulus to be able to keep up with the pace of productivity.  

Thanks to the European Regional Development Fund (ERDF), the Bulgarian government, and the Operational Programme “Innovations and Competitiveness”, we managed to receive а stimulus in the form of economic aid in the amount of 10 000 BGN (8500 from European co-financing and 1500 from national co-financing). 

These financial assets allowed us to ensure that we could manage with the possible lack of funds and the loss of liquidity that the COVID-19 pandemic caused to various businesses from all industries worldwide. Furthermore - that economic aid gave us the confidence to continue expanding and growing in these uncertain times.

That is why we would like to thank the ERDF, the Bulgarian government, and the Operational Programme “Innovations and Competitiveness” for providing the needed support for our business. Their investment in prospective companies strengthens the economy and ensures the desired economic growth. Such aids make it possible and easier for digital orientated businesses (like our studio) to shift from in-office to online home office schedules thus allowing the continuation of the work with the preservation of human lives by social distancing.  

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