Release date: 15 October 2008
Promoter – Financial Intermediary
Economic and Investment Bank ADDr. 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
Location
Description
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.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 25 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
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.
Procurement
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 - 19/12/2008
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).