Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Black Sea Devt Bank to Invest up to EUR 150 M in Bulgaria by 2014
BLACK SEA DEVT BANK TO INVEST UP TO EUR 150 M IN BULGARIA BY 2014
Date: 10/03/2011
Source: novinite.com
Black Sea Devt Bank to Invest up to EUR 150 M in Bulgaria by 2014

The Black Sea Trade and Development Bank (BSTDB) may provide up to EUR 150 M by 2014 for investments in Bulgaria through its credit lines, according to the Finance Ministry.

Bulgaria's business sector can benefit by getting between EUR 40 M and EUR 50 M in credits from the BSTDB annually in the next three years, the ministry said with respect to a visit of a delegation.

The management of the Black Sea Trade and Development Bank, which is based in Thessaloniki, Greece, is going to present its credit opportunities in Sofia on Friday, as part of a two-day visit.

BSTDB was established in 1999 by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine, which are the 11 founding countries of the Black Sea Economic Cooperation (BSEC) as a financial pillar of BSEC.

Since 1999, BSTDB cumulative portfolio in its 11 member countries reached 220 operations in the key sectors of infrastructure, energy, transport, manufacturing, telecommunications, financial sector and other important areas to the total amount of over USD 2.8 B.

The Black Sea Trade and Development Banks has funded 23 projects in Bulgaria worth a total of EUR 211 M, which is about 10% of the total credit portfolio of the bank to date.

Bulgaria has seen the third largest amount of investment by the BSTDB from among all 11 members.

The Finance Ministry, however, has pointed out that the Bulgarian potential to absorb credits from the BSTDB is much greater, and the investments from the bank may be doubled by 2014.


Topic: Investments



Featured District
PLEVEN DISTRICT AND CITY INFORMATIONPleven
Invest Bulgaria Charts
Domestic Credit of Bulgaria
Domestic Credit of Bulgaria

Gross Value Added of Bulgaria - Annual Growth Rate
Gross Value Added of Bulgaria - Annual Growth Rate

See all charts
Did You Know?
Bulgarian Wine
Bulgarian Wine
Bulgaria has been in the wine business for over 1200 years. The taste and quality of the Bulgarian ... More

Montana is the centre of the administrative region. It is situated in northwestern Bulgaria along the Ogosta River. The town originates from the old Roman stronghold Castra and Montanezium (a stronghold in the mountain), known also as Montana.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members