Bulgaria Sees Surge in Mortgage Loans: Record-Breaking Growth Fuels Property Market
Bulgaria witnessed a staggering surge in mortgage loans in 2023, totaling a monumental BGN 6.39 billion
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Boyko Sinapov, Chair of the National Association of Stock Breeders, has complained that banks are refusing loans to the sector because they have not been presented guarantees by the government for the budget for subsidies in 2013.
In a Monday media statement, Sinapov claimed that farmers were calling the office of the Association to express worries that they could not find sufficient funding to buy fodder for the winter.
"Banking institutions obviously have no faith in the government and refuse to lend money to stock breeders like they did in the past," he declared.
He even suggested that most financial institutions explained that the head offices of foreign banks had issued instructions banning loans to businesses in Bulgaria due to the bad political situation in the country.
"None of the livestock breeders has seen the budget of the sector and the amount of allocations. In previous years, the Ministry of Agriculture and Food provided guarantees to banks about the budget and its distribution. So far, the current government has taken no such steps," he added.
Sinapov explained that farmers had been issued certificates by the State Fund Agriculture for the applications for subsidies they had filed, which they presented to banks.
He noted, however, that the banks demanded additional guarantees from the Agriculture Ministry in order to give loans.
"This time last year, stock breeders received assistance under "de minimis", while now there is nothing," he added.
In end-June, some 30 stock breeders staged a protest in front of the Agriculture Ministry over the lack of communication with the new government.
They demanded assurances that the subsidies for the autumn and winter of 2013 had been guaranteed.
The Agriculture Ministry rejected accusations of disrupted dialogue with stock breeders and explained that the national complementary payments to the EU subsidies for livestock breeders for 2013 had been secured, amounting to BGN 144 M, up by BGN 4 M from 2012.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
Svetoslav Stanulov, chairman of the Association of Bulgarian Airlines (ABA), has emphasized the need to assess Sofia Airport's potential as a hub for transit and transfer flights
Pegasus Airlines is set to recommence its scheduled flights between Sofia and Istanbul, marking a significant milestone in air travel connectivity between Bulgaria and Turkey
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022