|
The Bulgarian Development Bank shall support small and medium sized business companies with about 500 million BGN in credits during next year
Last update: 2008-11-14 08:33:33
The small and medium sized business companies shall be supported with about 500 millions BGN through financial injection in the form of credit from commercial banks financed by the Bulgarian Development bank. The Bulgarian Minister of Finances Mr Oresharski claimed that the government is still proceeding to apply a transparent fiscal and monetary politic in relation to reserving the reached high levels of macro economical indexes that were under reviewed through the last years. The implemented anti cycled politic is appropriated with the European Commissions' and the International Monetary Fund's recommendations for long term stability of the public finances. This politic is applying a strict control over the observation of regulations by the commercial banks. The Bulgarian Minister of Finances Mr Oresharski stated that the basic instruments used to keep the macroeconomic stability are the maintaining the public outlay under 40 % of the GDP (Gross Domestic Product) and maintaining a positive budget balance of at least 3 % of the GDP.
|
Phone: +44 20 8123 5542
Phone: +359 298 711 33
Sending... 
