At the annual Innovations BG forum, President Rumen Radev called for a new model of financing of innovations, especially at SMEs.
“Bulgaria is in 37th position in the Global Innovation Index 2020. This is a marked improvement on 2012, whereas in development of the digital infrastructure the country is among the fastest developing business hubs in Europe,” President Radev said.
“But the country is still being placed among the “timid innovators” of Europe. Even though the planned national expenditure for research and development is 1.5% of the GDP, in 2019 it amounted to only 0.84%, whereas inthe EU countries it is over 3% of the GDP,”President Radev said.
The Bulgarian National Bank held an auction for the sale of securities with 3-year maturity at a 3% interest rate. At the auction, the Ministry of Finance offered bonds worth EUR 150 million. Interest will be paid once in 6 months, with the loan..
The Bulgarian National Bank published a review of measures aimed to address the risks to the banking system, including those stemming from loans secured by residential real estate. ''Such concerns are well-founded given the situation in the real..
The international rating agency Standard & Poor's (S&P Global Ratings) has affirmed Bulgaria's 'BBB/A-2' long-term and short-term foreign and local currency sovereign credit ratings. The rating outlook remains positive. If a stable..
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