site.btaBulgaria to Contribute EUR 100 Mln to Investment Plan for Europe

Bulgaria to Contribute EUR 100 Mln to Investment Plan for Europe

Brussels, June 30 (BTA correspondent Nikolay Jeliazkov) -
Bulgaria has announced that it will contribute 100 million euro
to projects benefiting from finance by the European Fund for
Strategic Investments (EFSI), at the heart of the 315 billion
euro Investment Plan for Europe, the European Commission said on
Tuesday. The contribution will be made through co-financing of
projects approved by the Bulgarian Development Bank. Bulgaria is
the eighth member state after Germany, Spain, France, Italy,
Luxembourg, Poland and Slovakia to announce a contribution, even
before the EFSI becomes operational.

European Commission Vice-President Jyrki Katainen, responsible
for Jobs, Growth, Investment and Competitiveness, said: "I am
delighted to hear that Bulgaria has announced a contribution of
100 million euro to the Investment Plan. I had very good
discussions with Prime Minister Boyko Borissov when I was in
Sofia earlier this year about how Bulgaria could benefit from
the Investment Plan and soon we will see the concrete effects of
its implementation."