Bulgarian Becomes Deputy Managing Director of EU Strategic Investment Fund

Bulgarian Becomes Deputy Managing Director of EU Strategic Investment Fund

Bulgaria's former caretaker Deputy Prime Minister, Iliyana Tsanova, was elected as the Deputy Managing Director of the European Fund for Strategic Investments (EFSI).
At its plenary session on Wednesday, the European Parliament approved the nomination of Tsanova with 454 votes in favour, daily Dnevnik informs.
Earlier on Tuesday, her nomination was approved by the Budgets and Economic and Monetary Affairs parliamentary committees with 62 votes in favour and seven against.
The approval of Tsanova was larger even than the support garnered by the candidate for Managing Director of EFSI Wilhelm Molterer.
Currently Tsanova is Director of Financial Engineering and EU co-financing at the European Bank for Reconstruction and Development (EBRD).
Between 2013 and 2014, Tsanova served on two occasions as deputy prime minister in the caretaker governments of prime ministers Marin Raykov and Georgi Bliznashki.
On both occasions as deputy caretaker deputy prime minister, she was in charge of the management of EU funds.
EFSI aims to overcome the current investment gap in the EU by mobilising private financing for strategic investments.
The fund will support strategic investments in infrastructure and innovation and will provide risk finance for Small- and Medium-sized Enterprises (SMEs).
EFSI is part of the Investment Plan for Europe, which was announced by European Commission President Jean-Claude Juncker.
The plan is expected to mobilise investments of at least 315 billion euros in three years.

Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.