EBRD Provides € Hundreds of Millions of Financing for Bulgaria

The European Bank for Reconstruction and Development has provided € hundreds of millions for direct financing in Bulgaria for the next two years provided that corresponding national co-financing is provided, announced EBRD. The priority interest of the bank is small and medium enterprises (SME's), infrastructure projects and energy efficiency. The specific approach of EBRD to financing - securing equity participation and not as an external entity provides advantage compared to bank credit. EBRD acts as a source of financing and guarantor for risky projects for SMEs that would not be financed by local banks.

The new strategy of EBRD foresees increase of investment and participation in large infrastructure and energy projects, road construction through concessions, public-private partnerships and strategic investment without state guarantees.