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.
It will be mostly sunny on Monday. There will be temporary increase in cloudiness from west to east. There will be light westerly and northwesterly wind. Moderate wind is in the forecast for the Danubian Plain and the Upper Thracian Plain. The lowest..
From July to September alone, there were 277 accidents involving electric scooters. Seven people have died, Chief Inspector Lachezar Bliznakov from the "Traffic Police" told Nova TV. The number of accidents has nearly tripled. That is why it is..
The National Health Insurance Fund (NHIF) will check whether hospitals have falsely reported medical treatment without the patient having been admitted to the hospital, the fund's governor Stanimir Mihaylov, who was reinstated by the Constitutional..
The tragic death of rock legend Kiril Marichkov, who died in an accident just before a concert in Selanovtsi village near Vratsa, evoked the emotional..
Bulgaria is the 8 th best place to invest in real estate in Europe, according to a survey by the British company 1st Move International...
A motorcycle procession in support of organ donation and transplantation passed through the streets of Sofia. Under the motto “Yes to life!”, the..
+359 2 9336 661