The Power of Partnership

Launching the first greenfield mining project in 40 years was an exciting event for our company and the mining community in Bulgaria. The onset of construction invigorated the town of Krumovgrad and stimulated the local economy. At the same time, the effect of our Corporate Responsibility Policy has become more tangible. The company began actively investing in the community following signing of the Memorandum of Understanding with the local authorities in 2015.

The primary goal is to improve living conditions and promote sustainable development of the municipality through investment in healthcare, education and training, culture and sports, environment and infrastructure. To date, the company has invested over BGN 3 million in local community projects. Its efforts have been recognized with several awards for support of the Krumovgrad municipality, including Investor in Krumovgrad, Employer of the Year, and Social Policy for Small and Medium Businesses Award.

Some examples of projects supported by the Community Investment Agreement:

Chorbadzhiisko-Tokachka Road Rehab Project

Funds from the annual donation were used to rehabilitate a section of road connecting the municipalities of Kirkovo and Krumovgrad, making travel to school safer for more than 120 school kids.

Krumovgrad Hospital Energy Efficiency Project

Striving to ensure quality medical services and healthcare, we have provided financial assistance to improve the conditions for the medical staff and patient experience at the municipal hospital. This includes a new roof and insulation which has also improved the energy efficiency of the building. The energy efficiency improvements can already be felt as the hospital is saving money on its heating bills. The equipment in the hospital is gradually being modernized.

Sports and Free Time Project

We funded the construction of a new playground and sports field in the local neighbourhood of the Izgrev residential area, leading to the neighbourhood starting their own football team.

Supporting Local Businesses in the Krumovgrad Region

DPM has signed a agreement with Krumovgrad Municipality to establish a fund in support of micro, small and medium-size local enterprises and to provide incentives for launching new enterprises, with the objective of creating jobs.

The fund will offer USD 5 million in grants and our partner Raiffeisen Bank will match the grant amount with a business loan. DPM will co-sign the loans for selected individuals based on the quality of business idea. The fund has a Management Board involved in the project approval process.

The fund provides grants, but the beneficiary must borrow an equal amount, ensuring maximum discipline and engagement of the recipients. The companies must be registered in Krumovgrad and plan to stay in this region for the long term, creating jobs that will be maintained for at least five years.

Since 2019 nine projects have been approved and supported creating 26 new jobs in the community. See some of the business owners here.

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