Varna Economic Development Agency


Established in 1997 by Local Government Initiative (USAID) and Varna Municipality, Varna Economic Development Agency (VEDA) provides services and manages more than 20 projects. The agency possess a certificate, issued by the Ministry of labour's Agency for Social Aid, for delivering of social services since 2009. VEDA has achieved the Business Advice and Support International Standards and was recognised as a Business Support Organization in 2009. In 2007, the Agency became a National Contact Point of CIP Eco-innovation Program, managed by the EACY in Brussels. VEDA director participated two mandates in the Enterprise Policy Group-Business Chamber at DG "Enterprise and Industry" since 2007.



VEDA aims towards leadership in the establishment of conditions for sustainable economic development in Varna and the region. The agency supports building of the capacity of small and medium-sized enterprises through impartial providing of information, consulting services and training. VEDA promotes networking, attraction of foreign investments in the region, and improvement of local employment opportunities.


Chief Activities:

Main areas of interventions focus on a variety of aspects of sustainable social and economic development of Varna region, particularly provision of non-formal entrepreneurial education to meet labour market requirements and tackle youth unemployment, NGOs' capacity building, support for people with disabilities, woman empowerment, innovation, environment, etc.

Particular activities include:

Membership in professional organisations and networks:

Cooperation profile of VEDA:

VEDA cooperates with stakeholders and partners at regional, national and transnational levels for networking and implementation of a variety of projects and initiatives. The cooperation results into VEDA project involvement, as follow:

Contact us:

Varna Economic Development Agency
11 Otets Paisij St., fl.5, (P.O.B 566)
Varna 9000, Bulgaria

Our colleagues:

Mr. Metodi Nikolov - Chairman

Ms. Todorka Dimitrova – Director/ Project Manager

Ms. Yana Veleva - Chief Accountant / Financial Manager

Mr. Dimitar Atanasov - IT Specialist / Web-developer

Mr. Christian Mihov - Web-Designer

Ms. Radostina Vasileva - Project Manager

Ms. Nevena Christova - Project Manager

Ms. Petia Demireva - Project Manager


European Union European Regional Development RefundSouth East Europe

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