CONDITION OF THE BANK LOAN MARKET IN BULGARIA
Trayan Yosifov
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Trayan Yosifov: University Paisii Hilendarski
Economic Archive, 2019, issue 3 Year 2019, 28-39
Abstract:
While not all domestic businesses are growth-oriented, at some stage of their development they need capital to improve their competitiveness and adaptability to changes of their business environment. The access to affordable bank loans is crucial for the development of many Bulgarian businesses, which face increasing external and internal competition. This is due to the fact that there are virtually no alternative sources of financing in our country. The present study aims to present an analysis of the credit market in the country in view of the key importance of bank monetary resource, which is a major factor for strengthening the competitive potential of Bulgarian enterprises. The article presents an analysis of the domestic bank loan market in terms of the key importance of banks’ financial resource, which is a major factor for raising the competitiveness of the Bulgarian enterprises.
Keywords: bank financing; credit market; economic development. (search for similar items in EconPapers)
JEL-codes: E41 G21 O10 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:dat:earchi:y:2019:i:3:p:28-39
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