How to read this article today
The announced amount, expected number of businesses and three-year timeframe concern the agreement mentioned in the original article. They do not establish that an application window is available today or that any particular business is entitled to funding. For a current application, the open programme, intermediary, deadlines and requirements must be identified.
The text of the original article
The European Investment Fund (EIF) and the National Guarantee Fund (NGF) have signed an agreement providing an additional €40 million in financing for small and medium-sized enterprises in Bulgaria, BTA reported.
The money will be allocated to the European Commission’s COSME programme.
The funds will go to businesses that have difficulty providing the necessary guarantees.
Over the next three years, 330 Bulgarian companies are expected to enter into the agreement.