The Bulgarian Development Bank will help companies over unexpected increases in electricity prices, Minister of Innovation and Growth Daniel Lorer said. For this purpose, loans of up to 100,000 euros will be granted to small and medium-sized enterprises for a period of 4 months. The amount of financing will be determined according to the net value (after deducting the compensation from the state) of the invoices for consumed electricity for January-December 2022, as the bank can cover up to 75% of the value of the invoice. The Minister expressed hope that electricity bills for businesses would fall in the spring.
The direct losses for Bulgaria from the delayed full accession to the Schengen Area amount to EUR 424 million, caretaker Minister of Economy Petko Nikolov said . He quoted a report by the Economic Research Institute at the Bulgarian Academy of..
IT is one of the leading sectors in terms of salary increases and interest by job seekers in Bulgaria. Before the pandemic all kinds of experts were being hired regardless of their expertise or practical skills, but now preference is given to people..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..
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