Will Bulgaria Have a Stable Government After Yet Another Election in June? Our Readers Have Spoken
On our Facebook page, readers were asked about Bulgaria's stability after the June elections
The European Commission adopted on Monday an Operational Programme worth EUR 102 M to boost the competitiveness of Bulgarian small and medium-sized enterprises (SMEs) through increased access to finance.
The funds will be allocated from the European Regional Development Fund, the press service of the European Commission informs.
The expectations are that the investments under this programme, which will be in the form of bank guarantees, will generate between EUR 400 M and 600 M of fresh loans for SMEs.
The programme is part of the Commission's wider initiative to encourage member states to double their use of European Structural and Investment Funds channelled through financial instruments in the 2014-2020 programme period.
This is in line with the objectives of the Investment Plan for Europe of European Commission President Jean-Claude Juncker.
Commissioner for Regional Policy Corina Cretu congratulated the Bulgarian authorities on signing up to the SME initiative.
Cretu identified Bulgaria as being in the leading group of EU member states to benefit from this innovating tool.
The commissioner noted that small businesses are the engines of growth and job creation in Europe and improving their access to finance is crucial for the prosperity of the EU economy.
Bulgaria is the third member state after Spain and Malta to adopt such an investment programme.
The Bulgarian SMEs will make use of the first loans under the programme in the beginning of next year.
Commission Vice-President Kristalina Georgieva noted that the funds will help SMEs to expand their business, to emerge on new markets and to hire more employees.
Georgieva called on SMEs to be active and to make use of the EU funding in order to achieve better lives for themselves and the people around them.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria's Minister of Defense Todor Tagarev admitted the possibility that an explosive device might have been planted on board the crashed plane in which Yevgeny Prigozhin was traveling
The European Commission has announced that it is preparing criminal proceedings against Bulgaria, Cyprus, Greece, Malta, and Portugal for incorrect application of the rules on the exchange of data on criminal records and the establishment of the relevant
The European Commission has started an evaluation of the Plan for Reconstruction and Development of Bulgaria, said the spokesman of the European Commission Eric Mamer. The document was submitted to the Commission on 15 October.
58% of Bulgarians do not support the introduction of the euro as the official currency in the country. This shows a study prepared by Trend agency specifically for the financial forum NEXT DIFI 2021, organized by b2b Media for the fifth year. The data dur
Too late Bulgaria began to explain its own position towards North Macedonia, as it should have been clear to our European partners some time ago.
An SPD-led government in Germany has significant potential to sharpen international attention to the problems of corruption in Bulgaria.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022