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.
Tourism is one of the sectors in Bulgaria ready to the greatest extent to smoothly continue working after Bulgaria joins the Еurozone , the executive director of the National Tourism Board, Dr. Polina Karastoyanova, believes. In tourism, and at this..
Bulgaria can be a strategic partner of Japan for the region of Eastern and Central Europe. This was stated by Bulgarian President Rumen Radev as he welcomed the participants in the business breakfast organized by the Japan-Bulgaria Business..
Property prices on the Black Sea coast have risen by 20%, Nova TV reported, citing major real estate agencies in the Burgas region. Most of the buyers are from Bulgaria and are looking to buy large apartments as an investment, mainly for holiday use...
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..
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