Small and medium-sized businesses in Bulgaria soon will be able to take advantage of a new financial instrument, announced Deputy Prime Minister for Economic Development Daniela Bobeva after the session of the Council of Ministers.
On the session the ministers accepted a project of mandate agreement between the Government, European investment fund and “Jeremie Bulgaria”, which assigns the Minister of economy and energy to sign the agreement for Mezzanine Fund.
Funds for the fund will be 60 million Euros. Main part of the businesses who will be credited are with annual income between 5 and 50 million Euros. The fund will lend from 2 to 5 million levas for a project in all sectors of the economy eligible for funding.
Source: Invest Bulgaria Agency