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

Bulgarian Development Bank to provide loans to businesses over expensive electricity

Photo: BGNES

The Bulgarian Development Bank will help companies over unexpected increases in electricity prices, Minister of Innovation and Growth Daniel Lorer said. For this purpose, loans of up to 100,000 euros will be granted to small and medium-sized enterprises for a period of 4 months. The amount of financing will be determined according to the net value (after deducting the compensation from the state) of the invoices for consumed electricity for January-December 2022, as the bank can cover up to 75% of the value of the invoice. The Minister expressed hope that electricity bills for businesses would fall in the spring.




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

Political instability is a major challenge for German investors in Bulgaria

The German economy has been shrinking and the government expects a decline of 0.2% of GDP. Some of the main reasons for this include unresolved structural problems related to lack of energy security, excessive bureaucracy and shortage..

published on 10/24/24 9:15 AM

Experts about Bulgaria’s financial policy as the country edges towards a new parliament and a draft budget for 2025

After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..

updated on 10/23/24 12:52 PM

IMF predicts 2.8 per cent inflation in Bulgaria in 2024

Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..

published on 10/22/24 6:44 PM