The government's decision to transfer 50 million euros of grants from the European Commission aimed at the Bulgarian economy to the Fund of Funds, has not received approval from BIA.
In the fund, this money will be distributed as loans with interest, while the purpose was to be used free of charge as working capital under the European initiative REACT-EU. The Deputy Chairman of the association Tomislav Popdonchev pointed out that the transfer of grants for businesses to a loan guarantee program was contradictory to the objectives of REACT-EU and would delay overcoming the negative effects of the crisis. According to him, only one third of the resource for portfolio guarantees of the Bulgarian Development Bank and the Fund of Funds has been utilized so far. Therefore, it seemed incomprehensible to add another 50 million for portfolio guarantees, given that the Fund had enough resources that were obviously not used.
Bulgaria has favorable climatic conditions for producing electricity from the su n, even in the transitional seasons of spring and autumn. One of the cities with the best conditions for using photovoltaic systems is Dupnitsa. The southwestern..
In 2024, the average gross annual salary in Bulgaria is 27,881 BGN (EUR 14,255), according to preliminary data from the National Statistical Institute. Compared to 2023, this marks an increase of 13.9% , with the public sector seeing an increase of..
The Bulgarian National Bank (BNB) has posted, to its website, the answers to important questions connected with the adoption of the euro and the country’s entry into the Eurozone. The official BGN to Euro exchange rate is fixed, with the Lev..
Natural gas prices are expected to fall by about 14% from current levels, Bulgargaz CEO Veselin Sinabov told a public meeting of the Energy and Water..
Clear
Mostly Cloudy
Partly Cloudy