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Kinstellar Advises Black Sea Trade and Development Bank on Guarantee Programme Supporting SMEs in Bulgaria

Kinstellar Advises Black Sea Trade and Development Bank on Guarantee Programme Supporting SMEs in Bulgaria

Bulgaria
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Kinstellar has advised the Black Sea Trade and Development Bank on its “Framework Agreement for Pandemic Crisis Response Programme” that will be implemented together with the National Guarantee Fund.

According to Kinstellar, “the risk-sharing portfolio guarantee program is expected to promote up to EUR 75 million of new financing and help about 250 local SMEs to offset the negative impact of COVID-19 in Bulgaria. The program will offer guarantees to Bulgarian commercial banks, facilitating access to finance and improving financing conditions for final borrowers.”

Kinstellar’s team was led by Counsel Svilen Issaev and included Partner Kvetoslav Krejci and Associate Nikolay Gergov. 

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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