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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Bulgaria : € 50,000,000
    Credit lines : € 50,000,000
    Signature date(s)
    21/04/2008 : € 10,000,000
    21/04/2008 : € 14,000,000
    21/04/2008 : € 26,000,000
    Link to source

    Summary sheet

    Release date
    21 April 2008
    Status
    Reference
    Signed | 21/04/2008
    20060420
    Project name
    Promoter - financial intermediary
    Raiffeisenbank Bulgaria Global Loan III
    Raiffeisenbank (Bulgaria) EAD, Raiffeisen Leasing (Bulgaria) OOD
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 50 million
    Not applicable
    Location
    Sector(s)
    Description
    Objectives

    Small and medium scale projects in the fields of energy/energy savings, environmental protection, infrastructure (including health, education, social housing), development of a knowledge-based economy, industry, services and tourist industry in Bulgaria.

    The loan targets the financing of SME’s, public sector authorities including municipalities and projects of private and public promoters of any size and ownership in the fields of RDI, energy and environmental protection, Mid-cap enterprises.

    Environmental aspects
    Procurement

    Bulgaria has introduced environmental legislation in view of harmonising its environmental standards with EU regulations. Within the framework of the global loan, the Borrower wil be requested to ensure compliance of the sub-projects with EU directives, as appropriate.

    National legislation in all areas, including procurement, is being harmonised with EU relgulations. Within the framework of the credit line, the Borrower will be requested to ensure compliance of the sub-projects with EU directives, in particular for the award of public sector contracts, as appropriate.

    Link to source

    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).

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