The EIB has worked with Bulgaria since 1992. Our work centres on reducing regional disparities and increasing competitiveness. The Bank financed key infrastructure such as the reconstruction of major roads on the Trans-European Transport Network and the expansion of Sofia airport.
EIB lending and technical assistance also helped Sofia develop an integrated waste management system that contributes to the circular economy, reduces the production of greenhouse gases, and produces renewable energy. In this way, the Bank helps prevent climate change, boost the economy and improve lives for the residents of Sofia.
Additionally, the EIB upgraded Internet connectivity in Bulgaria, bringing the country closer to the rest of the world. It also helped build the Sofia Metro line 3, including a 7.8-kilometre track, 8 stations, a train depot, 20 trains and a control system. This work reduced the city’s reliance on cars and encourage people to use a more efficient public transport.
The EIB has provided Bulgaria with over EUR 3.7 billion affordable and long-term financing for 81 projects, creating job opportunities and boosting growth.
Bulgaria is progressively putting its waste management system up to best practice standards. By providing technical assistance and a EUR 33 million loan, the European Investment Bank has helped the capital city of Sofia successfully develop an integrated waste management system that turns waste into a resource.
The European Fund for Strategic Investments (EFSI)
EFSI is the central pillar of the Investment Plan for Europe. It helps overcome the investment gap, boost jobs and GDP and improve the lives of people across Europe, including Bulgaria. It finances strategic investments in key areas such as infrastructure, research and innovation, education, renewable energy and energy efficiency as well as providing risk finance to SMEs. All corporate projects signed in Bulgaria since 2015 benefited from an EFSI guarantee. These projects cover various sectors, from the circular economy and energy to industry and health care.