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.
On Tuesday, the weather in Bulgaria will be cloudy, in many places in Western and Central Bulgaria with rain showers. Rainfall will be significant in quantity in Western Bulgaria and the Rhodopes. Thunderstorms are also expected. In Eastern Bulgaria,..
The College of Prosecutors of the Supreme Judicial Council has agreed to resume the suspended procedure for the election of the Prosecutor-General. According to the adopted timetable, the hearing of the candidates and the election of a new Prosecutor..
After the Central Electoral Commission refused the registration of the two factions of the Movement for Rights and Freedoms party (DPS) with coalitions of DPS, the leader Ahmed Dogan and chairman Jevdet Chakarov submitted documents for independent..
For the fourth year, one of the most beautiful places to fly in the world - the Belogradchik rocks, will host the Balloon Fiesta. Pilots from..
Acting chairman of the Bulgarian Socialist Party (BSP) Atanas Zafirov has withdrawn the papers submitted yesterday for the BSP’s independent..
Cases of pertussis (whooping cough) are now few, while the number of scarlet fever and chickenpox cases has been reduced to a..
Partly Cloudy
Partly cloudy, chance of rain
Clear
Mostly Cloudy