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    Signature(s)

    Amount
    € 18,000,000
    Countries
    Sector(s)
    Bulgaria : € 18,000,000
    Services : € 18,000,000
    Signature date(s)
    15/03/2019 : € 9,000,000
    15/03/2019 : € 9,000,000
    Link to source

    Summary sheet

    Release date
    18 February 2019
    Status
    Reference
    Signed | 15/03/2019
    20180667
    Project name
    Promoter - financial intermediary
    SOFTWARE GROUP (EGFF)
    SOFTWARE GROUP BG AD
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 18 million
    EUR 41 million
    Location
    Sector(s)
    Description
    Objectives

    The project will finance Software Group's investments into new products and services, including the up keeping of the platform, digital channel products and applications. It will also cover the "upstream" development of the business requirements and translation to the new product specifications in insurance and factoring.

    The EIB financing the promoter's research, development and innovation (RDI) activities, and financing will also include the related marketing and sales expenditures in support of its market expansion.

    Environmental aspects
    Procurement

    The RDI activities take place in existing locations without environmental impacts and do not require any environmental authorisations.

    Software Group is a private sector company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU Public Procurement Directives. Nevertheless, the procurement policies and the supply management characteristics as presented to the Bank are considered acceptable.

    Link to source
    Summary sheet
    Other links

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - SOFTWARE GROUP (EGFF)
    Publication Date
    3 Apr 2019
    Document language
    Main Topic
    Lending
    Document Number
    91373362
    Document Focus
    Environmental Information
    Project Number
    20180667
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - EUROPEAN GROWTH FINANCE FACILITY
    Publication Date
    13 Sep 2019
    Document Language
    English
    Main Topic
    lending
    Document Number
    122912044
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20200330
    Last update
    19 Aug 2020
    Sector(s)
    Services
    Countries
    France
    Publicly available
    Download now
    Other links

    Photogallery

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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