The government's decision to transfer 50 million euros of grants from the European Commission aimed at the Bulgarian economy to the Fund of Funds, has not received approval from BIA.
In the fund, this money will be distributed as loans with interest, while the purpose was to be used free of charge as working capital under the European initiative REACT-EU. The Deputy Chairman of the association Tomislav Popdonchev pointed out that the transfer of grants for businesses to a loan guarantee program was contradictory to the objectives of REACT-EU and would delay overcoming the negative effects of the crisis. According to him, only one third of the resource for portfolio guarantees of the Bulgarian Development Bank and the Fund of Funds has been utilized so far. Therefore, it seemed incomprehensible to add another 50 million for portfolio guarantees, given that the Fund had enough resources that were obviously not used.
After a long debate, the National Assembly decided that Kozloduy NPP- New Builds and Hyundai Engineering & Construction hold negotiations by April 15. Hyundai was shortlisted as a potential contractor for the engineering, construction and..
Bulgaria’s Parliament rejected a proposal for consideration of a draft decision for the construction of new capacities at the Kozloduy nuclear power plant. MP Delyan Dobrev, Chairman of the National Assembly Energy Committee, asked the parliament to..
The thermal power plant (TPP) ContourGlobal Maritsa East 3 - one of the two so-called American power plants - has ceased operations. The reason is the expiry of the long-term contract with the National Electricity Company for the purchase of electricity..
In the modern world, it is no longer enough to know the individual monetary units of countries and to know how their currencies relate to the Bulgarian..
The Romanian company OMV Petrom, which is part of the Austrian OMV, has taken over as operator of the Han Asparuh perimeter in Bulgaria. OMV Petrom..
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