Financial and business news from Bulgaria

Mariana Nikolova: A special lending scheme for the tourism industry is being considered

Deputy Prime Minister and Minister of Tourism Mariana Nikolova held a working meeting with the Chairman of the Management Board of the Bulgarian Association of Tourism Experts Assoc. Prof. Dr. Dimcho Todorov and members of the organization. This was reported by the press center of the Ministry of Tourism.
Minister Nikolova congratulated her interlocutors on their active presence and the proposals made at the first meetings of the new Tourism Advisory Board, which will play an important role in solving the problems of the industry in conditions of global crisis of COVID-19. She assessed as important the ideas of BAET for improving the infrastructure and cleanliness in the Bulgarian resorts, for the increased attention to the Bulgarian tourist, as well as for promoting ferry connections with Russia and Ukraine in order to increase the tourist flow.

The public-private partnership should be developed for sites that are unprofitable but can be profitable and attract visitors during the four seasons, the Minister stressed, referring to mountain huts, caves, natural attractions and cultural monuments. She drew attention to the promotion of Bulgaria, especially in social networks, as a healthy and safe destination that offers rich options for year-round recreation and trips.

The meeting also discussed the possibilities for facilitating the issuance of visas for foreign tourists, focusing on the Russian market, improving the preparation of tourism personnel, issuing vouchers for tourist services to a wider range of consumers. A number of employers even during the COVID crisis showed flexibility and invested in training their staff for the new situation and this is already paying off, Minister Nikolova said.

She added that after a series of meetings with representatives of banks and financial institutions a special lending scheme for the tourism industry is being considered. We rely on the cooperation and experience of the respective associations to make the steps for restarting tourism really effective and to preserve jobs, summed up the Deputy Prime Minister.