BCCI and the National Guarantee Fund signed Memorandum of Understanding

The Bulgarian Chamber of Commerce and Industry (BCCI) and the National Guarantee Fund (NFG) signed a Memorandum of Understanding. The Memorandum was signed by the President of BCCI Tsvetan Simeonov, on the one hand, and Samuil Shiderov, Executive Director of the Fund, and Alexander Georgiev, member of the Board of Directors and Procurator of NFG, on the other hand.

The aim of the MoU is through the good positions of the Chamber among Bulgarian entrepreneurs to promote the opportunities of the Guarantee Fund in support of business projects funded by commercial banks. The document also envisages a comprehensive study of the attitudes of businesses towards guarantees as a financial instrument to be held, as well as an information campaign about the products offered by the National Guarantee Fund. The two institutions will unite their efforts to research the possibilities for new guarantee schemes of the Fund in order to achieve better parameters for the beneficiary companies.