17.02.2021

A new measure to compensate the business is being prepared

The Ministry of Economy is preparing a new procedure with the remaining funds from REACT-EU, which will compensate for the losses of micro, small and medium enterprises. It is in its infancy and is in discussion with business.

The money from REACT-EU under OPIC has a certain limit of BGN 211 million and includes both the funds under the measure for the "big little ones" and the resources for the new procedure. In the process of working on the forthcoming new measure, all application conditions will be cleared.

"With it, we hope to compensate not completely closed sectors, but those that have registered a certain decline," explained Economy Minister Lachezar Borisov.

The social measures against COVID-19 will be used until September, Borissov reminded. The number of appraisers in the National Revenue Agency has been tripled so that all applications can be paid as soon as possible.

Meanwhile, the Bulgarian Development Bank (BDB) said it would send a proposal to the Minister of Economy by the end of the week to increase funds for interest-free loans to individuals.