Release date: 26 August 2004
Promoter – Financial Intermediary
Bulbank
Sofia.
Location
Description
Small and medium-scale projects in the field of environment protection, infrastructure, development of a knowledge-based economy, rational use of energy, health and education in Bulgaria.
Objectives
The Bank’s global loan would allow Bulbank to increase and diversify its long-term funding sources and to step up its longer-term financing of eligible projects promoted notably by SMEs or local municipalities.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 30 m.
Total cost (Approximate amount)
EIB finances up to 50% of total project cost.
Environmental aspects
Bulgaria is gradually introducing new environmental legislation in view of harmonizing its environmental standards with EU regulations. Within the framework of the global loan, the Borrower will be requested to ensure compliance of the sub-projects with EU-directives, as appropriate.
Procurement
Gradually being harmonized with EU regulations. Borrower will be requested to ensure compliance of the sub-projects with EU directives, in particular for the award of public sector contracts.
Status
Signed - 9/11/2005
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).