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    Reference: 20180667
    Release date: 18 February 2019

    Promoter – Financial Intermediary

    SOFTWARE GROUP BG AD

    Location

    Description

    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.

    Objectives

    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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 18 million

    Total cost (Approximate amount)

    EUR 41 million

    Environmental aspects

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

    Procurement

    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.

    Status

    Signed - 15/03/2019

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Bulgaria Services