Bulgaria will apply for a EUR 500 million loan to maintain employment. The money is expected to be allocated this year. Application under the SURE instrument is being studied, mostly to finance the 60/40 wage support scheme. The total budget of SURE instrument is to the tune of EUR 100 billion and EU members can receive funding under this instrument to implement national measures aimed at maintaining employment. The terms of the loan are expected to be extremely favorable. It is impossible to predict whether Bulgaria will have to issue government bonds on the international capital market due the unpredictability of the Covid-19 pandemic and the economic consequences, the Bulgarian Ministry of Finance notes.
On Thursday, temperatures will be between 16 and 19°C , with 16°C in Sofia. During the day, a cold atmospheric front passing from west to east will bring more significant cloud cover. Scattered showers will start around noon in western and central..
The entire Europe Motorway will be open for traffic o n Sunday (September 14) , Bulgaria’s Minister of Regional Development and Public Works Ivan Ivanov said at a meeting of the Parliamentary Committee on Regional Policy, Public Works and Local..
A new Institute for the Bulgarian Diaspora and Cultural Heritage Abroad has been launched at the University of Library Studies and Information Technologies (UniBIT). The move was approved by the government at the request of the university rector...
An International Monetary Fund mission will visit Bulgaria as part of its annual review of the country’s economy , the Fund said in a statement...
A Bulgarian delegation recently visited Kyiv at the invitation of President Volodymyr Zelensky , Ukraine’s ambassador to Sofia Olesya Ilashchuk said on..
On Wednesday minimum temperatures will range between 13 and 18° C., for Sofia 15° C. During the day the weather will be predominantly sunny with..
Partly Cloudy
Mostly Cloudy