SMEs will be able to receive credit from commercial banks with an 80% guarantee from the Fund of Funds, the remaining 20% will be a risk borne by the bank itself.
The measure is part of the recovery programme announced today by Minister of Economy Kiril Petkov and Minister of Finance Assen Vassilev.
The credit amount will be up to 70% of the company’s turnover for 2019 or 2020, or up to 3 million Leva. The first agreements have already been signed between the Fund of Funds and the commercial banks.
The programme aims to facilitate businesses’ access to credit for resuming their activities after the gradual lifting of the Covid-19 restrictions.
The "Roses of Bulgaria" festival will be held at the Museum of Emigration in Sao Paulo, Brazil on May 10. The cultural event is organized by the Bulgarian School in Sao Paulo, jointly with the Embassy of Bulgaria in Brazil and at the initiative of the..
Librarians, backed by trade unions, have staged a protest in front of Sofia Library, demanding higher salaries. According to a recent decision by the Council of Ministers, those working in the field of information and bibliographic services will..
The date May 9 marks 80 years since the end of World War II and the victory over Nazism . The memorial day was marked by laying wreaths and flowers at the Monument to the Unknown Soldier with the participation of the Speaker of the Parliament Natalia..
The Ministry of Education and Science and the International Bank for Reconstruction and Development (IBRD), one of the five institutions of the World..
Roma families from Sofia's "Zaharna Fabrika" residential district, who were left homeless after their illegally built homes were demolished on April 15..
A second flood in two weeks in Northwestern Bulgaria has caused damage in the villages of Lehchevo and Kobilyak. The rainfall, accompanied by large..
Cloudy
Partly Cloudy
Mostly Cloudy
Partly cloudy, chance of rain
Overcast, rain