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.
In the next 24 hours, the cloudiness over the country will remain significant. In the afternoon, rainfalls are expected in many places. The lowest temperatures will be between 3° and 8°C; in Sofia - about 5°C. The highest will be..
Foreign Minister Georg Georgiev held talks with US Secretary of State Marco Rubio. They met on the sidelines of the NATO foreign ministers' meeting in Brussels. Georgiev and Rubio discussed the strategic partnership between Bulgaria and the United..
With an official ceremony in St. Alexander Nevsky Square in Sofia, President Rumen Radev has welcomed King Abdullah II of Jordan, who is on an official visit to Bulgaria at the invitation of the Bulgarian head of state , BTA..
Bulgarians have traditionally had a deep respect and gratitude for domestic animals. For generations, horses, oxen, donkeys and cows have been..
It is 21 years today since the tragedy in the River Lim on the border between Serbia and Montenegro, in which 12 Bulgarian children were killed. On..
The President of Bulgaria, Rumen Radev, and the King of Jordan, Abdullah II, are hosting the Aqaba Process Summit, which focuses on the Balkans and brings..
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