Project: “Support for the Transition to a Circular Economy in Enterprises”

RED SPRINGS Ltd. has successfully secured a project under the procedure “Support for the Transition to a Circular Economy in Enterprises” from the National Recovery and Resilience Plan.

The main goal of the project is to accelerate the company’s transition to a circular economy by introducing circular models through the implementation of technologies for efficient resource use, extending product life cycles, minimizing waste generation, and reducing the consumption of raw materials.

The specific objectives of the project are related to optimizing production costs by reducing the amount of resources used per unit of production and the waste generated, increasing production efficiency and resource efficiency, and improving the company’s resilience to fluctuations in raw material and resource prices. Achieving these objectives will result in a lasting and sustainable increase in the competitiveness of RED SPRINGS Ltd. through a transformation from a linear to a circular model, while also contributing to the restoration of natural systems by reducing waste and excessive resource use.

The total value of the project is BGN 2,857,000.00, of which BGN 999,950.00 is financed by the European Union – NextGenerationEU.