Bulgaria OKs 200 Million Euros Loan Agreement with CoE Bank
Thursday, 08 December 2016
The Bulgarian government has approved a loan agreement with the Council of Europe Development Bank (CEB) that will allow co-funding of projects implemented under EU programs.
The 200 million euros loan will boost the absorption of EU funding by partly reimbursing the Bulgarian contribution to the funding of investment projects realized in the country.
It will be in force with regard to projects carried out under several operational programs, namely Regions in Growth, Human Resource Development and Science, Education and Intelligent Growth.
CEB will not assign any fees or commission, the cabinet says.
Sofia News Agency