Send to Kindle
Bulgaria's Economy Minister Bozhidar Lukarski. File photo, BGNES
The Bulgarian government is launching new loan options for businesses as of April, expecting to allocate up to EUR 600 M to small and medium enterprises, the country's Economy Minister Bozhidar Lukarski has said.
The real implementation of the the new Operational Program SME Initiative is expected to begin in August or September.
Lukarski has noted the minimum credit portfolio is expected to reach EUR 408 M. The first tranche to be disbursed to the country is at a value of EUR 102 M and will come from the European Regional Development fund.
At a press conference marking the beginning of the new program, he has explained the idea is to make loans available to businesses under eased lending conditions by providing guarantees to banks.
Banks working with the government under the operational program are yet to be chosen.
The loans will be granted for a maximum period of ten years, and must be absorbed by 2019 (the funding is allocated under the 2014-2020 budget of the operational programs).
All SMEs engaged in activities other than agriculture, gambling, tobacco, and alcohol are eligible for funding, with those offering innovative solutions and methods being specially encouraged to apply, according to the Minister.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In an era dominated by technological advancements, the term "digital transformation" has transcended buzzword status, becoming an imperative for businesses seeking profitability, competitiveness, and operational efficiency
The CEO of the Executive Agency for the Promotion of Small and Medium-sized Enterprises Dr.
The construction activities of the Iskar railway station, part of the biggest transport node Sofia, located on the main TEN-T network on the territory of Bulgaria, started.
Bulgaria ranks second in terms of the utilisation of European funds for small and medium-size enterprises (SMEs), announced in Sofia European Internal Market Commissioner Elżbieta Bieńkowska.
As Bulgaria’s presidential candidates have been trading increasingly vicious blows bidding to become the next head of state on Sunday, an issue that long dominated the public debate has resurfaced: the division of “communists” and “anti-communists” in the
The Bulgarian Development Bank (BDB) has signed a new agreement for the issuing of a counter-guarantee with the European Investment Fund (EIF) under the COSME programme in support of small and medium-size enterprises in Bulgaria.
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
