Bulgarian Development Bank has developed a new loan product in support of rose oil processors

Published 2022년 1월 24일

Tridge summary

The Bulgarian Development Bank (BDB) has launched a new loan product to support rose processors, providing a credit line of between BGN 100,000 and 1 million for a period of three years. The loan uses rose oil as collateral, allowing processors to finance their operations and complete harvests successfully. The quality and quantity of the collateral will be guaranteed by the Institute for Research and Certification. The loan product aims to address the liquidity issues faced by the sector and could cover almost the entire volume of rose oil in Bulgaria.

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Original content

The Minister of Agriculture Ivan Ivanov and the Minister of Innovation and Growth Daniel Lorer, as well as the Executive Directors of the Bulgarian Development Bank Vladimir Georgiev and Tsanko Arabadjiev presented a new loan product in support of rose processors in the country, developed by the Bulgarian Bank for Development. development (BDB). "We have developed this new product in a joint dialogue with the bank and the business with the idea to solve some of the problems of those employed in this sector," said BDB Executive Director Tsanko Arabadjiev. "The product we present is aimed at rose processors and aims to bring liquidity to the overall system of rose processors and to support the sector at a time when they are experiencing some liquidity difficulties," said Vladimir Georgiev, Executive Director of BDB. "We offer a credit line between BGN 100,000 and 1 million for a period of 3 years, which means that they can sow not only crops 22-23, but also crops 23-24. The ...

Source: Agrozona