Bulgaria

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.

The European Investment Bank (EIB) is providing Bulgaria-based Postbank with a €75 million guarantee to expand financing for middle-sized companies in the country and strengthen the domestic economy. Postbank, part of the Eurobank Group, will use the EIB backing to unlock as much as €150 million in loans for Bulgarian businesses.