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  • The National Guarantee Fund opens a new guarantee scheme in September

    “The National Guarantee Fund (NGF) opens a new guarantee scheme set up on the risk of the Fund in September 2015. In the framework of the scheme, guarantees will cover up to 50% of the loan principle. The maximal guarantee value is set at BGN 1 mln . In addition, the NGF will also continue to issue guarantees for projects in the framework of the Rural Development Program during the Program Period 2014-2020. Currently the guarantees will be issued by the Fund on its own risk“ Samuil Shiderov, Executive Director of the Fund explained for the series “Farmers and bankers’ on the “Furrows” TV panel of BNT.

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  • The National Guarantee Fund absorbed 100% of the funds granted for the guarantee scheme in the “Fisheries” sector

    The National Guarantee Fund has completely absorbed the funds that amount to 15 million leva granted to it by the Executive Agency for Fisheries and Aquaculture for the set up of a guarantee scheme for the “Fisheries” sector. The funds were completely absorbed in the end of May 2015, after the Fund has issued a guarantee amounting to 3 million leva to support a project for the construction of a trout farm, approved in the framework of the Operational Program for Development of the Fisheries Sector 2007-2013.

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  • The National Guarantee Fund supports foreign citizens who develop business in the agricultural sector in Bulgaria

    The National Guarantee Fund also supports foreign citizens that develop their business in the agricultural sector in Bulgaria. The case of Ero Fabrizio Fresci, an Italian farmer, who works in Bulgaria is the topic of the TV series “Farmers and banks” on the BNT show “Furrows”.

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  • An old factory becomes a modern undertaking with the support of the National Guarantee Fund

    The enterprise is one of the few dating back to the time of socialism that have had the chance to live a new life. The owners decide to use the Rural Development Program and to turn the old factory in the most contemporary rice processing plant in Europe.

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  • The National Guarantee Fund has granted its 500th guarantee

    The National Guarantee Fund has granted its 500th guarantee under the Rural Development Program guarantee scheme” Samuil Shiderov, Executive Director of the Fund stated for the BNT TV show “Furrows”. The series “Farmers and banks” aims at popularizing projects, that were financed by commercial banks thanks to a guarantee by the Fund. The 500th beneficiary that was supported by a NGF guarantee complementing the collateral to his loan, is the 29 year old farmer Dimitar Stanchev.

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  • The National Guarantee Fund has provided support for more than 400 beneficiaries under the Rural Development Program

    Ever since the guarantee scheme under the Rural Development Program was open for applications up until the end of 2014 the National Guarantee Fund has provided support for more than 400 SMEs. For the last quarter of 2014 the number of guarantees issued by the Fund is over a 100. The total amount of the loans with a NGF guarantee now reaches 188 million leva. The BNT TV show “Furrows” contributed to the good results in this last quarter through the series “Farmers and banks” which aims at popularizing projects, that were financed by commercial banks thanks to a guarantee by the Fund.

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  • The National Guarantee Fund is the proof that financial instruments can be successfully managed in Bulgaria

    The National Guarantee Fund is the proof that financial instruments under the European Investment and Structural Funds can be successfully managed in Bulgaria. We manage two guarantee schemes and a guarantee scheme in the framework of the Rural Development Program and under the Operational Program for Fisheries and Aquaculture and we hope that during the next Program Period our guarantee schemes become even more, because we have already proved that we can do that” Mihail Sotirov, Risk Manager of the Fund stated for the BNT TV show “Furrows”. The series “Farmers and bankers” aims at popularizing good practices and successful projects, realized with the support of the National Guarantee Fund.

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