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.

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