Sat, Jul 04 2009

EBRD adopts new strategy on Bulgaria

Thu, Jun 05 2008 17:04 CET byElena Koinova 235 Views

The European Bank for Reconstruction and Development (EBRD) adopted a new three-year strategy on Bulgaria, the bank said in a statement.

Its top priorities throughout 2010 would be assistance to the private sector, infrastructure, the energy sector and projects aimed at boosting the competitiveness of the country's economy. Projects would also assist Bulgarian institutions and businesses to maximise benefits of EU membership, the statement read.

Regarding the private sector, the EBRD is ready to provide financing for boosting companies' competitiveness, export potential and regional expansion.

So far, the bank has extended loans worth 1.5 billion euro using its own funds and has mobilised total funding of 5.9 billion euro for 118 projects in Bulgaria.

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