Bulgaria's BDB to offer 5 mln euro in loans to spur agri investment

Eligible businesses are required to be of viable economic potential, to have at least one completed financial year and to have positive equity at the time of signing the loan contract, BDB said.

The maximum amount of individual working credit or lines of credit is up to 40% of the company's sales revenue reported for the most recent financial year, while investment loans will finance up to 90% of the investment amount.

The loans will be made available to groups or associations of agricultural producers.

The new programme is in line with BDB's strategic goal to improve access to financing for small and medium-sized businesses in the agricultural sector as well as to support their export activities.

(1 euro = 1.95583 levs)