Last modified: 2020-02-27
Abstract
This study is intended to present some of the results, achieved during and after the implementation of the project Cross Border Implementation of Innovative Cost Cutting Technologies (CRОSS-INNO-CUT), co-funded by the European Union (ERDF) and National Funds of Greece and Bulgaria under the European Territorial Cooperation Programme “Greece-Bulgaria 2007-2013”, Subsidy contract №В1.33.07/14.04.2011. The overall objective of the project was to strengthen economic development through reducing the operating costs and improving competitiveness of the small and medium enterprises (SMEs) located in the cross-border area of North Greece and South Bulgaria. By means of a modern diagnostic tool, 100 diagnostic studies and audit reports were conducted by the experts, six areas of excessively high costs were identified, 33 cost-cutting action plans were developed, 14 plans were implemented by the SMEs and achieved positive results.