“A gradual transition is apparent in the country - from a closing of the economy to a revival and recovery. This is confirmed also by the level of unemployment, which as of 2 June stood at 5.65%, a drop of 37% compared to a year earlier,” Minister of Labour and Social Policy in the caretaker government Galab Donev announced.
The 60/40 measure stimulating employment will be extended by another two months. More than 700 million euro has been spent so far. “We shall continue to draft new measures until the end of the year, so that Bulgarian employers will feel they have solid support from the state making them be competitive with other employers from the EU countries,” Minister Donev said.
“We are giving banks a free hand. SMEs will be able to affect a swift revival and have access to circulating capital,” Minister of Economy in the caretaker cabinet Kiril Petkov stated. With a 1.25 billion euro fund the state will guarantee before commercial banks that the loans for businesses shall be granted without security. “This means that within the space of 10 days you can apply only if you are a genuine business with documents going back 3 years, and get up to 80% of your earnings,” Kiril Petkov. He described the 10-day application deadline as unprecedented. The loans will have a repayment term of up to 7 years. Self-employed persons shall also be able to avail themselves of this credit instrument, BNR’s Marta Mladenova reports.
"Bulgartransgaz" has announced a public procurement for "Organizational planning, investment design, supply of necessary materials and equipment, construction and commissioning of new facilities for the expansion of the gas..
The head of the regular mission of the International Monetary Fund in Bulgaria, Jean-Francois Dauphin, has presented the results of the review of the Bulgarian economy and financial system . The fund's mission began on March 6 and ends today...
Monthly inflation was 0.3 per cent in February, the National Statistical Institute (NSI) said. Bulgaria's annual consumer price index (CPI) recorded inflation of 3.3 per cent in February, down from 3.8 per cent in the previous month. It was the 14th..
The poverty threshold in Bulgaria was BGN 637.92 (EUR 323) per person per month in 2023. This is an increase of 21.3 per cent compared with the previous..
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