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EC approves guarantee scheme in support of Bulgarian enterprises

Photo: EPA/BGNES

Through its representative office in Sofia, the EC has announced that it approved a government-proposed 255 million-euro guarantee scheme in support of existing or new loans to small and medium-sized enterprises affected by the Covid-19 crisis. The scheme is designed to limit the risks associated with lending to businesses affected by the economic impact of the crisis. Guarantees will be provided only by the end of the year. They will be limited to a period of five years and will cover up to 80 percent of the respective loans.




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