EBRD Mulls Providing 150 Mln Euro Loan to Bulgarian Banks for SME Lending

EBRD Mulls Providing 150 Mln Euro Loan to Bulgarian Banks for SME Lending

The European Bank for Reconstruction and Development (EBRD) said it is considering extending a 150 million euro ($200.8 million) credit line to commercial banks in Bulgaria for on-lending to local small and medium-sized enterprises (SMEs).

The credit line will be extended for energy efficiency and small renewable energy sub-projects, undertaken by Bulgarian SMEs, the EBRD said in a statement published on its website.

These include investments in machinery, equipment, systems and processes for energy savings as well as projects involving purchase and installation of equipment, systems and processes for renewable energy sources.

The credit line is part of the EU-funded operational programme Development of the Competitiveness of the Bulgarian Economy 2007-2013 under which approximately 200 million euro have been earmarked for promotion of energy efficiency and renewable energy investments.

Previous Next
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.