site.btaEUR 202 Mln in Financing Approved So Far for Bulgaria under Juncker Plan

EUR 202 Mln in Financing Approved So Far for Bulgaria under Juncker Plan

Brussels, May 8 (BTA correspondent Nikolay Jeliazkov) - Operations approved in Bulgaria under the Juncker Plan's European Fund for Strategic Investments (EFSI) now represent a total financing volume of 202 million euro. This is expected to trigger nearly 965 million euro in investments, the European Commission reported on Monday.

The one approved project amounts to 150 million euro in European Investment Bank (EIB) financing under EFSI, the Commission said. This is expected to trigger 408 million euro in investments.

The Commission also noted that the Bulgarian Development Bank is intermediating a loan for small and medium-sized enterprises signed in November 2016. The intended beneficiaries are companies with up to 3,000 employees each.

Under EFSI the European Investment Fund approved 9 agreements with financial intermediaries (banks, funds, etc). The financing totals 52 million euro and is expected to trigger 556 million euro in investments. Some 4,550 smaller companies or start-ups in Bulgaria will benefit from this support.