Send to Kindle
The BDB credit lines have provided BGN 455 M in loans to Bulgarian businesses over the past year. Photo by politika.bg
A total of BGN 71 M are available for business credits from Bulgarian banks under a credit line provided by the Bulgarian Development Bank (BDB).
This has been announced by the BDB Director, Angel Gekov, who reminded that the state development bank had already allocated a total of BGN 455 M to commercial banks for business credits.
Thus, the sum of BGN 71 M comes from loans which have already been returned by Bulgarian businesses are now available once again.
“Most of the loans were actually repaid by agricultural producers. Apparently, there are already a number of very good projects which receive outside funding,” Gekov said.
About BGN 39 M of the total sum of BGN 71 M are for funding investments; the remaining BGN 32 M are for set for agricultural producers.
A total of 1 300 loans have been granted by Bulgarian commercial banks under the credit line provided by the BDB over the last year. About 20% of the total amount of BGN 455 M has gone to agricultural producers and farms, most of the rest of the money has been loaned to small and medium-sized enterprises.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgarian banks have injected approximately 3.7 billion in additional credit resources into the housing market over the past year alone, with a staggering total of over 8 billion in the last three year
The percentage of Bulgarians resorting to fast credit services has surged to 23% in 2023 from 15% in the previous year, as per findings from a nationwide study conducted by the Kantar consulting firm
With inflation driving up costs, global debts are nearing record highs at $305 trillion - around $45 trillion higher than pre-pandemic levels
The international rating agency "Fitch" (Fitch Ratings) confirmed the long-term credit rating of Bulgaria in foreign and local currency BBB with a positive outlook
The international rating agency "Standard & Poor's" confirmed the long-term and short-term credit rating of Bulgaria in foreign and local currency - three times B and A minus two. The outlook remains stable
The Bulgarian Small and Medium Enterprises Promotion Agency and the Bulgarian Development Bank are co-organizers of the hybrid event, which will be held on December 9 and 10, 2021 at the Grand Hotel Millennium Sofia, as well as online.
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
February witnessed a surge in remittances from Bulgarians residing abroad, reaching a remarkable EUR 110.5 million, marking the highest value since last July
Amidst financial fluctuations and strategic fiscal decisions, Bulgaria's Minister of Finance, Lyudmila Petkova, unveils the nation's robust fiscal reserve, standing tall at BGN 10.9 billion as of April 18th
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
