Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

9 Banks in Bulgaria to Refinance Loans for Agriculture Machinery
9 BANKS IN BULGARIA TO REFINANCE LOANS FOR AGRICULTURE MACHINERY
Date: 16/09/2010
Source: novinite.com
9 Banks in Bulgaria to Refinance Loans for Agriculture Machinery

Nine commercial banks will participate in a scheme for refinancing of credits for the purchase of agricultural machinery, which will begin operating from September 20, the Bulgarian Agriculture Fund announced.

The Agriculture Fund has signed contracts with DSK Bank, United Bulgarian Bank, First Investment Bank, Raiffeisen Bank, MKB Unionbank, Tokuda Bank, UniCredit Bulbank, Central Cooperative Bank and Teximbank.

The fund has envisioned BGN 40 M for farmers who have applied for free financing under programs for rural areas, but have rushed to buy machinery with bank credits.

The EU program has provided BGN 500 M for this purpose, but the farmers' interest has exceeded this amount.

The new scheme for refinancing of projects will work only until the end of 2010. The procedure envisions that the banks should extend the loans for already purchased agriculture machinery at a 9% interest rate.

The deadline for repayment of the loans can be extended by 24 or 72 months, depending on the period for which they have been initially granted.

The Agriculture Fund has also announced it would sign contracts with other banks that are willing to join the scheme.



Topic: Economy




Featured District
LOVECH DISTRICT AND CITY INFORMATIONLovech
Invest Bulgaria Charts
Trade Balance of Bulgaria
Trade Balance of Bulgaria

Current and Capital Account of Bulgaria
Current and Capital Account of Bulgaria

See all charts
Did You Know?
Bulgarians Abroad
Bulgarians Abroad
More than 100,000 Bulgarians live in Chicago ... More

Plovdiv is one of the oldest cities in Europe, the city is contemporary of Troy. Homer, Herodotes and other ancient authors describe the life, traditions and the rich culture of the Tracians, who are the oldest population on the Balkan Peninsula.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2018 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Printing Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works


Our Featured Members