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    Signature(s)

    Amount
    € 25,000,000
    Countries
    Sector(s)
    Bulgaria : € 25,000,000
    Credit lines : € 25,000,000
    Signature date(s)
    19/12/2008 : € 25,000,000
    Link to source

    Summary sheet

    Release date
    15 October 2008
    Status
    Reference
    Signed | 19/12/2008
    20080494
    Project name
    Promoter - financial intermediary
    CIBank loan for SMEs
    Economic and Investment Bank AD
    Dr. Kiril Velitchkov
    Head of "European projects" Department Economic and Investment Bank
    Member of KBC Group
    12A, Tundja street, Sofia 1000
    Bulgaria
    Е-Mail: kvelitchkov@hq.eibank.bg
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 25 million.
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Co-financing of small and medium-scale investments in the fields of energy, environment, infrastructure, development of a knowledge-based economy, industry, tourism, as well as services in Bulgaria.

    The credit line would contribute to the development of term finance in Bulgaria by providing long-term funding for eligible leasing projects promoted by small and medium-sized enterprises (SMEs) and municipalities.

    Environmental aspects
    Procurement

    Within the framework of the credit line, the Borrower will be requested to ensure compliance of the sub-projects with European Union (EU) directives, as appropriate.

    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
    Summary sheet

    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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