Bulgaria increases aid to tour operators affected by Covid crisis
The Bulgarian government agreed on January 5 to raise the ceiling on aid to tour operators who must reimburse customers for trips canceled due to the Covid-19 crisis to 2.3 million euros, the tourism ministry said.
The previous cap was 1.8 million euros, according to the press release.
The change was made by amending two decrees from 2021 on the terms and conditions of compensation for tour operators in the context of trips canceled between March 1 and December 31, 2020.
Another change is that tour guides and mountain guides will also be able to claim compensation, the ministry said.
State aid is subject to approval by the European Commission, which is in the process of being notified.
In a separate statement, the Ministry of Tourism said it has signed a memorandum of cooperation with the Bulgarian Development Bank on direct financing of micro, small and medium-sized enterprises in the hotel and restaurant sector directly affected by the pandemic.
The program has a volume of 60 million leva (approximately 30.6 million euros) for liquidity assistance.
“This new program directly benefits around 25,000 micro, small and medium-sized enterprises in the sector, with grace periods of 18 months for hoteliers and 12 for restaurateurs. And the projected interest rates will be 2.82%, in accordance with borrower profiles, ”the statement said.
(Photo: Lance Nelson from banskoblog.com)
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