Bulgaria

Aurubis AG, a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide, formally signed an agreement with the European Investment Bank (EIB) for a € 200 million investment loan today. The five-year loan will support investment in two strategic projects at Aurubis: expanding copper refining at its Bulgarian site and scaling up metal recycling and environmental protection at its Hamburg plant.

The Bulgarian city of Burgas will develop a state-of-the-art scientific campus and seek to attract Bulgarian and international researchers and students with guidance from the European Investment Bank (EIB). The new campus is due to open its doors in 2027 and serve four universities in Burgas, Bulgaria’s fourth-largest city and a major industrial and tourist hub on the Back Sea.

Bulgaria will receive advisory support from the European Investment Bank (EIB) for greening one of Europe’s largest sites for coal-fired electricity production – the Maritsa East Complex. Both sides today signed an agreement under which the EIB will advise the Bulgarian government as it pursues a plan to decarbonise the Maritsa East Complex, which generates up to 35% of the country’s electricity.