Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgarian authorities to offer financial support for medium and small businesses

Photo: bbr.bg

The Bulgarian state is increasing its participation in the Bulgarian Development Bank - BDB. The capital increase is by EUR 350 million. The funds are given to the BDB for the implementation of support measures for small and medium-sized enterprises affected by the COVID-19 pandemic. The aim is to limit the risks of liquidity crises and to offer preventive support to businesses also by sharing risks with commercial banks in the country. The BDB will provide access to financing to support turnover and operations, will provide portfolio guarantees to banks, and they will provide more flexible conditions for business loans, over a specified period and under individual conditions based on each case, the Bulgarian cabinet has announced.





Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgaria and the United States are to expand their cooperation in the energy sector

Bulgaria and the United States are to expand the scope of their Intergovernmental Agreement for cooperation on the project for the construction of a new unit at the Kozloduy Nuclear Power Plant and the civil nuclear programme. This possibility was..

published on 10/3/24 10:38 AM
Caretaker Minister of Foreign Affairs Ivan Kondov

Bulgaria supports the membership of Serbia and Kosovo in the International Organization of La Francophonie

Caretaker Minister of Foreign Affairs Ivan Kondov is leading the Bulgarian delegation at the 45th session of the Ministerial Conference of La Francophonie, which will be held on October 3 in Paris, the Foreign Ministry announced. The foreign ministers..

published on 10/3/24 10:16 AM

Bulgaria’s Ministry of Foreign Affairs calls on Bulgarian citizens in Iran to leave the country

Bulgaria’s Ministry of Foreign Affairs calls on Bulgarian citizens in Iran to leave the country immediately due to the escalation of tensions in the Middle East, the Situation Center announced on the Foreign Ministry’s website. Bulgarian citizens in..

published on 10/3/24 9:41 AM