Bulgaria has announced that it will contribute 100 million euro to projects benefiting from finance by the European Fund for Strategic Investments (EFSI), at the heart of the 315 billion euro Investment Plan for Europe, the European Commission said on Tuesday. The contribution will be made through co-financing of projects approved by the Bulgarian Development Bank. Bulgaria is the eighth member state after Germany, Spain, France, Italy, Luxembourg, Poland and Slovakia to announce a contribution, even before the EFSI becomes operational.
European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: "I am delighted to hear that Bulgaria has announced a contribution of 100 million euro to the Investment Plan. I had very good discussions with Prime Minister Boyko Borissov when I was in Sofia earlier this year about how Bulgaria could benefit from the Investment Plan and soon we will see the concrete effects of its implementation."