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Tue September 24 2024

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Bulgaria gets €500m for transport projects

28 Nov 14 Bulgaria has secured a €500m (£396m) loan from the European Investment Bank (EIB) for priority projects in the areas of transport and the environment.

The EIB loan will co-finance priority projects with a total investment amount of 鈧4.3bn.

鈥淭his will accelerate the absorption of EU grants for the benefit of the national economy, strengthening its competitiveness and fostering economic growth and employment,鈥 said EIB vice-president L谩szl贸 Baranyay.

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