Bulgaria's parliament ratifies 511 mln euro SURE loan agreement

Bulgaria's parliament ratifies 511 mln euro SURE loan agreement

Bulgaria's parliament said on Thursday that it ratified the agreement for a 511 million euro ($626 million) loan under the EU's Support to mitigate Unemployment Risks in an Emergency (SURE) instrument.

There were no votes against the agreement's ratification, parliament data showed.

The SURE instrument is available to EU member states that need to mobilise significant financial resources to fight the economic fallout from the coronavirus pandemic.

Earlier this week, Bulgaria's prime minister Boyko Borissov said that he hopes the government will save about 140,000 jobs through measures funded by the loan.

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