EIB Group provides 443 mln euro to Bulgarian economy in 2020

EIB Group provides 443 mln euro to Bulgarian economy in 2020

The European Investment Bank Group (EIB Group) said on Monday that it has provided loans, guarantees and equity commitments worth 443 million euro ($534 million) for projects in Bulgaria in 2020, up 23% compared to 2019.

EIB lending in Bulgaria amounted to 115 million euro last year, while the EIF committed 328 million euro in new operations for small and medium-sized enterprises (SMEs), the EIB Group said in a statement.

The financing backed 4,000 businesses and supported some 81,000 jobs.

"I want to thank all our partners and assure you that we stand ready to support SMEs, regional cohesion, climate action and urban development to create employment and prosperity across Bulgaria," EIB vice-president Lilyana Pavlova said.

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