04.01.2022

BGN 60 MILLION IN SUPPORT OF TOURISM IS PROVIDED BY BDB

The Bulgarian Development Bank provides BGN 60 million. through a new tourism support program.

The money is intended for micro, small and medium enterprises in the hotel and restaurant sector, which are among the most affected by Covid-19 - the crisis. Those affected by the pandemic will be able to apply for a loan, and the repayment period will be four years.

The program will provide liquidity assistance to companies, and their liabilities will be refinanced.

The credit institution and the line ministry will sign a Memorandum of Cooperation. The document provides support for companies in the hotel and restaurant industry.

The event was attended by the Ministers of Tourism and Innovation Hristo Prodanov and Daniel Lorer, as well as the executive directors of the Bulgarian Development Bank, Vladimir Georgiev and Zhivko Todorov.

"We all know that tourism was the most affected sector. Commercial banks distrust the Tourism sector and that is why during the coalition negotiations we decided to create a special product for the tourism business. We have already signed this product today ", said the Minister of Tourism Hristo Prodanov.

"Today we start the new year with a vivid example of what the Bulgarian Development Bank will be like from now on - support for difficult businesses and start-ups," said Daniel Lorer, Minister of Innovation and Growth.