Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

EBRD lends EUR 300 million to Bulgaria’s Deposit Insurance Fund

Photo: library

The European Bank for Reconstruction and Development will provide a state-guaranteed loan to Bulgaria to the tune of EUR 300 million. The money will fill the reserve of the Bulgarian Deposit Insurance Fund. The loan is for a term of nine years. The EBRD provides a grace period of six years under that loan. Thus, the Bulgarian Deposit Insurance Fund will receive a greater financial independence and long-term sustainability. On March 18 the World Bank approved a loan worth EUR 300 million. It became clear that the money will be used for the improvement of the financial and the institutional capacity of the fund. This is the first project financed by the World Bank in Bulgaria since 2009. The loan is for a term of 10.5 years and the grace period is six years.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgarian AI chat BgGPT can be used for free by everyone

The Institute for Computer Science, Artificial Intelligence and Technology at Sofia University "St. Kliment Ohridski has made available for free use the latest generative artificial intelligence chat application BgGPT , available at bggpt.ai ...

published on 11/24/24 2:37 PM
President Rumen Radev in Vietnam

Bulgaria's President Rumen Radev begins his official visit to Vietnam

President Rumen Radev has arrived on an official visit to Vietnam . This is the first visit of a foreign head of state since the new President Leung Cuong took office in October this year. President Rumen Radev meets the Bulgarian community in..

published on 11/24/24 12:52 PM
Vazrazdane leader Kostadin Kostadinov

The Economic and Social Council with strong reaction against Vazrazhdane-proposed bill on foreign agents

The Economic and Social Council of the Republic of Bulgaria strongly criticizes the bill tabled by Vazrazhdane party on the registration of foreign agents submitted to the National Assembly. In a resolution, the Council described the proposals as..

published on 11/24/24 12:09 PM