Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgarian authorities to offer financial support for medium and small businesses

Photo: bbr.bg

The Bulgarian state is increasing its participation in the Bulgarian Development Bank - BDB. The capital increase is by EUR 350 million. The funds are given to the BDB for the implementation of support measures for small and medium-sized enterprises affected by the COVID-19 pandemic. The aim is to limit the risks of liquidity crises and to offer preventive support to businesses also by sharing risks with commercial banks in the country. The BDB will provide access to financing to support turnover and operations, will provide portfolio guarantees to banks, and they will provide more flexible conditions for business loans, over a specified period and under individual conditions based on each case, the Bulgarian cabinet has announced.





Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Police seize 18,000 canisters of laughing gas near Burgas

A special operation on Bulgaria's southern Black Sea coast has seized 18,000 canistars of laughing gas. Warning protocols were issued to 15 people selling laughing gas balloons to stop selling the product to minors and indoors. Specialists from..

published on 7/9/24 3:31 PM

Bulgaria sues Russia's Gazprom Export for 400 million euro

State gas supplier Bulgargaz has filed a lawsuit against Russia's Gazprom Export at the ICC International Court of Arbitration in Paris, the Bulgarian company said. The Bulgarian side is seeking compensation of more than 400 million euro for damages..

published on 7/9/24 1:40 PM

DSB discuss the names of prime ministers for technical cabinet

The leader of "Democrats for a Strong Bulgaria" (DSB), Atanas Atanasov, has told BNT that a single body should be created in "We Continue the Change - Democratic Bulgaria", which is to discuss all issues and make common decisions in..

published on 7/9/24 11:41 AM