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

Bulgaria will join European instrument for interest-free loans for Ukraine

Photo: Council of Ministers

The Bulgarian government has approved a draft agreement on financial contribution to an interest subsidy granted under the European Commission's "Macro-Financial Assistance+" instrument in support of Ukraine.

The EU is expected to borrow funds from the capital markets and provide Ukraine with preferential loans this year with a maximum amount of up to 18 billion euros. Brussels has committed to cover the interest on the loans by granting a so-called "interest subsidy". For this purpose, the Member States will make additional contributions to the EU budget. Bulgaria's contribution will be up to 13.8 million EUR for the period 2024-2027, or an average of 3.07 million EUR per year.

Translation: Al. Markov




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

Sunny weather in most of Bulgaria on Thursday, with fog near rivers

Overnight it will be clear. The wind will die down in most areas. After midnight along the Danube River, in lowlands and near rivers fogs will form and visibility will be reduced with low clouds. Minimum temperatures will be between minus 3°C and 2°C,..

published on 11/27/24 7:25 PM

EU ambassadors reach agreement on Bulgaria’s entry into Schengen by land

The ambassadors of the EU Member States have reached a preliminary agreement on the draft decision to abolish checks at internal land borders for Bulgaria and Romania. This is planned to happen on January 1, 2025. The decision is expected to be finally..

published on 11/27/24 5:45 PM

Shopping malls vow to step up security after series of aggressive acts

Shopping malls in Sofia and across the country will increase the number of security guards where needed. Additional panic buttons are also to be put in place if retailers wish, the Bulgarian Retail Association said. Groups of suspicious persons will be..

published on 11/27/24 4:44 PM