The European Bank for Reconstruction and Development will provide a state-guaranteed loan to Bulgaria to the tune of EUR 300 million. The money will fill the reserve of the Bulgarian Deposit Insurance Fund. The loan is for a term of nine years. The EBRD provides a grace period of six years under that loan. Thus, the Bulgarian Deposit Insurance Fund will receive a greater financial independence and long-term sustainability. On March 18 the World Bank approved a loan worth EUR 300 million. It became clear that the money will be used for the improvement of the financial and the institutional capacity of the fund. This is the first project financed by the World Bank in Bulgaria since 2009. The loan is for a term of 10.5 years and the grace period is six years.
The 32nd National Festival of Karakachans is taking place in the "Karandila" area near the city of Sliven on August 23. The event is organized by the Federation of Cultural and Educational Societies of the Karakachans in Bulgaria. The..
At night, in places in the central and eastern part of the country there will be short-term showers with thunderstorms. By morning the precipitation will stop. Cloudiness will decrease from the west. On Saturday it will be..
In the last days of the hottest month - from August 27 to 30, the performance "Samodiva" will be premiered in London. This is an innovative, immersive dance production inspired by Bulgarian folklore myths. It is the work of..
"Nearly a quarter of Bulgaria's economy is in the grey sector – around 23-24%. On the other hand, there is not enough money for..
At night, in places in the central and eastern part of the country there will be short-term showers with thunderstorms. By morning the..
Bulgarian students won four medals at the International Olympiad on Astronomy and Astrophysics (IOAA), which was held in India, the..
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