Higher interest rates will otblasnat EU business

Possible withdrawal of business from absorption of EU funds because of high interest rates of banks in drawing credit. That said Petko Roussinov, chairman of the board of directors of the company Atlantic Corp. during an economic discussion in Burgas.
Roussinov pointed example in which an SME winning project to 1 million euro for two years. The actual financing of this project is only 10%. This is because the company asked the Bank for credit trading project, which has a 15% interest. Finally, for two years must return 30 percent of the amount of the bank in the form of interest is 50 percent private funding to pay consultants fees, etc.
I think that with such great interest just pocket full of banks and will not be able to absorb EU funds, commented Roussinov.

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Finance