European Bank For Reconstruction And Development Interested In Increasing Investment In Bulgaria

 The European Bank for Reconstruction and Development (EBRD) said on Wednesday that its vice president Alain Pilloux is starting his official visit to Bulgaria where he will hold talks for increasing investment.

“We stand ready to scale up EBRD support for competitiveness, in particular of small and medium-sized enterprises, sustainable infrastructure development, and for the resilience of financial intermediation,” Pilloux said in a statement, adding that the EBRD is encouraged by the country’s aim to eventually join the eurozone.

As part of his visit, Pilloux will meet the business community and local authorities in Sofia, Plovdiv, Varna and Burgas. His discussions will focus on the financing needs of Bulgarian companies, ways to increase the flow of foreign investment to the country, and on the support for infrastructure development in key municipalities, the bank said.

Pilloux will also introduce the EBRD’s recently adopted strategy for Bulgaria, which will guide the lender’s investment and policy engagement during the next five years.

Read More

European Far-right Leaders Gather In Bulgaria

Far-right party leaders have accused the European Union of promoting migration policies that aim to destroy the values of EU member nations.

FT Sofia To Create 30 New Jobs In Capital

30 new job positions for software engineers, product managers, business analysts, designers will open the global information giant Financial Times by the end of this year...

Billions At Risk Due To Swine Fever In EU Farming Industry

The African swine fever appeared in Hungary this summer, after the disease spread from Bulgaria to Hungary's eastern neighbor Romania. Nagy said the control...

Recent

Bulgarian Shoe Manufacturer Kolev & Kolev Plans IPO To Finance Expansion In Romania

Bulgarian children's shoes manufacturer Kolev & Kolev plans to carry out a 2.0 million levs ($1.1 million/1.0 million euro) initial public offering (IPO) to finance...

Economy Minister Karanikolov: Bulgaria’s Economy Is Able To Withstand The Crisis

The 60/40 scheme developed by the state authorities to support employment in Bulgaria is right. We are yet to see how different...

Bulgaria Banned The Entry Of All Foreign Persons Until June 14

By order of Minister of Health Kiril Ananiev, Bulgaria has temporarily banned the entry of all foreign persons regardless of their nationality. The...