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

EC gives Bulgaria 6 months to introduce necessary reforms under the Recovery and Resilience Facility, or it may lose EUR 653 million

Bulgaria will be given six months to carry out the necessary reforms connected with the liberalisation of the energy market , otherwise it stands to lose EUR 653 million which it should receive as a second payment under the Recovery and..

published on 11/30/24 11:55 AM

Honey festival in Pleven attracts visitors from near and far

The second edition of the Festival of Apiculture Products continues in Pleven. The exposition features honey and apiculture products, as well as honey cosmetics. The initiative for the event belongs to the regional apiary union and the Pleven..

published on 11/30/24 10:09 AM

Coldеr weather with rain and snow

During the night it will be cloudy with rainfalls in the western and central regions of Bulgaria, as snowfalls are possible in the high western areas. There will be almost no precipitation in the easternmost regions. The morning..

published on 11/29/24 6:55 PM