ANNOUNCEMENT 30 Apr 2014In April 2014, the government of Bulgaria announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
On 30 April 2014, the Bulgarian Development Bank and the EximBank of China signed a framework agreement for bilateral promotion of trade and investment between Chinese and Bulgarian business entities. Based on the signed agreement, these two institutions will provide assistance to Chinese and Bulgarian companies in their trade relations (primarily in the area of exports).
One of the main methods through which this support will be provided, is the grant of loans to Bulgarian and Chinese exporters.