EU Subsidies Foster Machine Tool Investments in Bulgaria

February 5, 2016  

A package of economic subsidies in Bulgaria providing grants from € 25,000 to € 500,000 to small and medium-sized enterprises purchasing “new machinery and equipment related to the commercialization of innovative products, processes or services,” among other activities, has opened up new possibilities for FERMAT, one of Europe’s fastest growing manufacturers of high-quality, powerful and efficient CNC horizontal boring mills, universal micro-indexing milling heads, and machine tool accessories.

The lights of St. Alexander Nevsky Cathedral shine in the winter night of Sofia, Bulgaria

The lights of St. Alexander Nevsky Cathedral shine in the winter night of Sofia, Bulgaria

On the heels of this news, FERMAT visited its representative in Bulgaria, Polymeta C (a local dealer in CNC machine tools), and several of their common customers to strengthen mutual support and boost future cooperation.  Polymeta C has recently gained ISO 9001 certification, enhancing its fine reputation with the internationally-recognized award for excellence in quality management.  Its popular assortment of FERMAT CNC horizontal boring mills with automatic mill heads, both table-type and floor-type, will continue to be supported by FERMAT’s service department in the Czech Republic, which has over 100,000 spare parts in stock that can be delivered, next day, anywhere in the EU.

The possibilities for small and medium-sized businesses in manufacturing and production has just gotten brighter in Bulgaria.

Please visit, for information on the different FERMAT machine tools and accessories that can improve your manufacturing business. Should you have any enquiries, please send us an e-mail:, or for the U.S. market, e-mail Lucas Precision, a FERMAT Group company:, or call toll-free: 1-800-336-1262, or telephone in the U.S.: (216) 451-5588, or send us a fax (216) 451-5174.