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    Reference: 20150612
    Release date: 14 September 2015

    Promoter – Financial Intermediary

    Promoter: Republic of Bulgaria

    Location

    Description

    Guarantees for financing small and medium-sized investment promoted by small and medium-sized enterprises (SMEs).

    Objectives

    The SME initiative in Bulgaria, a joint initiative of the EIB Group and the European Commission, is expected to make a significant contribution to sustainable growth and employment through the facilitation of credit at attractive terms. It aims to enhance the Bank's support to the economic development of SMEs in Bulgaria. The initiative involves collaboration between the European Commission, the EIB Group and the Bulgarian national authority responsible for the coordination of structural funds.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 237 million

    Total cost (Approximate amount)

    EUR 700 million

    Environmental aspects

    The Bank will require that projects financed under this operation comply with applicable EU legislation, as appropriate.

    Procurement

    The Bank will require that projects financed under this operation comply with applicable EU legislation, as appropriate.

    Status

    Signed - 14/03/2016

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Bulgaria Credit lines