site.btaBulgarian Development Bank Announces New Financing Programme for Green Investments

The Bulgarian Development Bank (BDB) has announced a new programme for financing green investments by micro, small and medium enterprises to support the growth and environmental transition of this country's economy, BDB said on Thursday.

The state-owned bank will grant long-term loans of up to EUR 2 million to businesses with a maximum repayment period of up to 12 years. The financing will benefit from guarantees from the European Investment Fund (EIF) under the InvestEU programme and will be provided by the BDB at better pricing terms due to risk sharing with the EIF.

The funds are targeted at companies investing in renewable energy production, improving the environmental and energy efficiency of buildings, purchasing zero-emission vehicles, transitioning to a circular economy, social accessibility, and green projects in agriculture.

Companies can apply for investment and working capital loans, including performance guarantees.

The InvestEU programme provides key long-term funding to support the EU's sustainable recovery. It helps mobilise private investment for priorities such as the European Green Deal and the digital transition.