Release date: 21 April 2008
Promoter – Financial Intermediary
Raiffeisenbank (Bulgaria) EAD, Raiffeisen Leasing (Bulgaria) OODLocation
Description
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.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
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.
Procurement
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.
Status
Signed - 21/04/2008
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).