The Council of Ministers approved increase of the capital of the Fund for local authorities and governments – FLAG, trough emission of 30,000 new bonds with BGN 100 nominal, which to be acquired by the state through the Ministry of Regional Development.
During the first six months of 2014 have been submitted 86 loan applications from 57 municipalities with a total value of BGN 160.4 million.
67 requests were approved worth a total of BGN 65.2 million. It will be used to co-finance projects under OP "Regional Development" and "Environment" program for rural development and cross border cooperation programs.