ADVERTISEMENT

EIF and Bulgaria mobilize EUR 800 mln for SMEs, mid-caps 

EU

The European Investment Fund (EIF) said on Thursday, it has agreed with Bulgaria's Economy Ministry to boost the measures helping small businesses to overcome the impact of the corona crisis using proceeds from the JEREMIE initiative, according to a report by Intellinews.com.

"The new guarantee instrument is expected to generate up to EUR 800 million of fresh financing and documentary credit for small and medium-sized enterprises (SMEs) and small mid-cap companies in Bulgaria, allowing them to address their financing needs and continue operations," the EIF said in the statement.

The new guarantee instrument will support capital loans to SMEs and mid-caps that were severely hit by the corona crisis and are facing disruption in their production or sales.

ADVERTISEMENT

Graphisoft Park profit fell 10% in 2020 Office Market

Graphisoft Park profit fell 10% in 2020

Europe perceived as region of greatest opportunities for com... Analysis

Europe perceived as region of greatest opportunities for com...

Varga: Hungary remains attractive target for investment Government

Varga: Hungary remains attractive target for investment

Half a million guest nights booked for April Tourism

Half a million guest nights booked for April

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.