Bulgarian Universities Granted BGN 21 M More in State Subsidy

Education | February 12, 2014, Wednesday // 17:01|  views

Bulgarian Education Minister, Aneliya Klisarova, photo BGNES.

Bulgarian colleges and universities will receive an additional state subsidy of BGN 21.5 M, according to Education Minister, Aneliya Klisarova.

The decree has been approved at the meeting of the Council of Ministers Wednesday.

The portion of the subsidy for each of a total of 33 schools will be bound with the quality of education it provides, according to Klisarova.

Sofia University will get BGN 3.2 M, the Medical University and the Technical University in Sofia – BGN 3 M each, the University for Architecture, Construction and Urban Planning – BGN 1.35 M, the Sports Academy and the University for National and World Economy – over BGN 0.5 M each.

The government has further approved and issued BGN 40 M in state guarantees for student loans, which are currently granted by 4 banks, while the interest rate will not exceed 7%, Klisarova said.

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Tags: Education Minister, aneliya klisarova, Council of Ministers, state subsidy, Sofia University, Medical University, Technical University, University for Architecture, Construction and Urban Planning, Sports Academy, University for National and World Economy, student loans


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