Project - Sustainable support for healthcare in the Srednogorie region



Investor in Community

Project description

Project Aim

Led by its key values, namely “We put people’s safety and well-being first”, Dundee Precious Metals Chelopech EAD has provided financial assistance to the hospital in Pirdop - the only hospital on the territory of all seven local municipalities in the Srednogorie region. The overall purpose has been to help ensure better medical services for nearly 21000 residents, as well as Company employees, most of whom are locals, too.

Project Target Group

All residents of the municipalities of Mirkovo, Chavdar, Chelopech, Zlatitsa, Pirdop, Anton and Koprivshtitsa, who are recipients of medical services provided by the hospital in Pirdop. This includes over 90% of Company employees and their families, who are locals, too. The target group also covers medical staff.

Project Duration

The Company has been supporting the Pirdop Hospital both financially and operationally for 16 years. In 2006-2016, the Company covered hospital running and other costs. In 2017, local companies and municipalities, DPM including, set up a funding program to cover the hospital’s monthly operating deficit. The program is still ongoing.

Project Activities

• 2006-2016: BGN 984 834 financial support, incl. for cost of fuel, staff remuneration and social benefits, the purchase of new medical equipment, repair works, consultancy services, support for the municipalities of Chelopech, Chavdar and Zlatitsa to purchase municipal joint stock company shares. • 2017: BGN 438 450 to cover hospital debt. In additional, DPM’s management made a personal commitment and managed to renegotiate some of the debt accumulated with over 17 different creditors, thus reducing total debt weight. • 2017 – 2020: BGN 100 000 per annum to cover hospital monthly operating deficit. Ongoing financial support for covering monthly operating deficits in 2021. • 2020: additional BGN 92385 disbursed to the hospital to set up a Covid-19 ward, provide personal protective equipment and respiratory equipment, as well as cover remuneration costs for newly appointed ward staff. The donation was also spent on fuel for ambulances and light vehicles - of the hospital and the emergency care unit in Pirdop, and for the purchase of new rehab equipment for patients in the physical therapy and rehabilitation ward.

Project Results

Thanks to financial support provided by local municipal councils and business entities, as well as strict financial discipline, in 2010 the Pirdop hospital managed to achieve financial stability for the first time in a while. Staff’s job security made it possible to recruit new medical specialists, improving patient healthcare and bringing on board 10 new clinical pathways, which would also help boost hospital revenues.