Bulgarian business may get EUR 1bn in risk financing, loans.

By bne IntelliNews July 12, 2011
Deputy economy minister Evgeni Angelov said that Bulgarian business may receive almost EUR 1bn in risk financing and preferential loans, the economy ministry informed in a note on its website. According to Angelov, the countrys competitiveness operational programme may grant EUR 340mn of the total sum, including through the JEREMIE (Joint European Resources for Small and Medium-sized Enterprises) initiative. The state budget may provide up to EUR 60mn and the private sector may raise the remaining amount. Angelov sees competitive advantages in the IT business, biotechnologies, medical appliances, pharmaceutics, etc.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss