Text size

Less than 5% of companies have benefited from business support measures during pandemic

published on 11/24/20 7:16 PM

Radosvet Radev, chairman of the Bulgarian Industrial Association

Photo: BGNES

The Chairman of the Bulgarian Industrial Association, Radosvet Radev, has stated that no matter how good the business support measures implemented through the Bulgarian Development Bank might be, interest in them has been too low. He made the statement during a discussion entitled "The Future of Money".

Radev cited data from a BIA survey in which only 3-4% of respondents said they had taken advantage of the measures during the pandemic, which in Bulgaria pass through the Bulgarian Development Bank and for all others they are either inapplicable or unknown.

Against this background, about 90% of BDB's loan guarantee resources remain unused, BTA reported.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Bulgarian Development Bank business sector Radosvet Radev support measures

More from category

Bulgaria’s Anti-Corruption Commission probes 'Velichie' party in major property fraud case

Bulgaria’s Anti-Corruption Commission is investigating a large-scale property fraud and money laundering scheme connected to the 'Historical Park', which is associated with Ivelin Mihaylov, the leader of the Velichie party. Those arrested include the..

published on 11/26/25 2:30 PM

Borissov cites EU defence adjustment to claim a 2026 deficit of 2.7%

The ruling party and the opposition argued about the procedure for the Budget Committee meeting before the final vote on the 2006 budget . Assen Vassilev, chairman of the We Continue the Change party, attempted to block the committee’s extraordinary..

published on 11/26/25 2:15 PM

Agriculture and forestry workers protest for higher salaries

Employees in the agriculture and forestry sector staged a protest in front of the Parliament, demanding higher salaries for workers in departments that are secondary budget administrators. The protest was organized by the National Federation of..

published on 11/26/25 12:34 PM