Tag Archives: Bulgaria

EBRD and UniCredit Bulbank Partner to Support Tsenovo Solar Plant in Bulgaria

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is set to guarantee up to €25 million for a loan extended by UniCredit Bulbank to the Tsenovo solar plant in Bulgaria, marking the first greenfield renewable project financed under … Read the full press release

EIF Signs €2 Billion Guarantee Agreements to Boost SMEs and Green Transition in Bulgaria

(IN BRIEF) The European Investment Fund (EIF), a part of the European Investment Bank Group, has inked guarantee agreements with four Bulgarian banks, including Postbank (Eurobank Bulgaria), ProCredit Bank Bulgaria, UniCredit Bulbank, and United Bulgarian Bank, facilitating up to €2 … Read the full press release

EIB Backs Installation of Over 8,400 EV Charging Stations in Eastern Europe to Boost Clean Mobility

(IN BRIEF) The European Investment Bank (EIB) has committed a €40 million loan to Eldrive Holding GmbH, based in Austria, to establish 8,472 electric vehicle (EV) charging stations across Bulgaria, Lithuania, and Romania over the next three years. This project … Read the full press release

Coordinated Operation Across Four Countries Targets Online Trading Fraud Network Defrauding Millions

(IN BRIEF) Judicial and law enforcement authorities from Germany, Cyprus, Bulgaria, and Sweden collaborated in a coordinated action against an organized crime group suspected of online trading fraud. The criminal network operated fraudulent online trading platforms from call centers and … Read the full press release

UniCredit Achieves Top Employer Certifications Across Europe for Eighth Consecutive Year

(IN BRIEF) UniCredit has received certification from the Top Employers Institute for the eighth consecutive year, highlighting its commitment to employee well-being and excellence in HR policies. The European-level Top Employer Certification was awarded based on local certifications in Bulgaria, … Read the full press release

EIB Backs Agria Group Holding’s Sunflower Oil Plant and Sustainable Transport in Bulgaria with €35 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has partnered with Kristera AD, a subsidiary of Agria Group Holding, to provide a €35 million loan for the construction of a new sunflower oil processing plant in northern Bulgaria and the acquisition … Read the full press release

EBRD’s Renewable Energy Programme Fuels Transition from Fossil Fuels to Clean Power

(IN BRIEF) The power sector is undergoing a vital transformation to meet climate goals by shifting towards carbon-free electricity production. The European Bank for Reconstruction and Development (EBRD) is actively contributing to this transition through its Renewable Energy Programme, particularly … Read the full press release

European Investment Bank to Advise Bulgaria on Strengthening Development Financial Institutions

(IN BRIEF) The European Investment Bank (EIB) will provide advisory assistance to the Bulgarian Ministry of Innovation and Growth to enhance the effectiveness of the development financial institutions it supervises, with the aim of better supporting the Bulgarian economy. The … Read the full press release

Heidelberg Materials Initiates Carbon Capture Pilot in Bulgaria, Advancing CCUS in Eastern Europe

(IN BRIEF) Heidelberg Materials has begun construction on a pilot carbon capture installation named ANRAV.beta at its plant in Devnya, Bulgaria. This pilot unit is a significant step towards the company’s larger ANRAV project in Bulgaria, the first full-chain carbon … Read the full press release

EIB Funds State-of-the-Art Children’s Hospital in Burgas, Bulgaria, Pioneering 21st Century Healthcare

(IN BRIEF) The European Investment Bank (EIB) has signed a €12.8 million loan agreement with the Municipality of Burgas in Bulgaria to co-finance the construction of a specialized children’s hospital. This modern facility, equipped with zero-emission technologies, aims to provide … Read the full press release

European Investment Bank and Bulgarian Development Bank Collaborate to Enhance SME Financing in Bulgaria

(IN BRIEF) The European Investment Bank (EIB) and Bulgarian Development Bank (BDB) have signed a €175 million loan agreement to improve access to finance for small and medium-sized enterprises (SMEs) and mid-caps in Bulgaria. The loan aims to support companies … Read the full press release

Bristol to Istanbul: Friends take on epic tandem ride for charity

(IN BRIEF) Archie Benn and Isaac Tredant, two friends who have never ridden a tandem before, will pedal a tandem bicycle 2,000 miles from Bristol to Istanbul to raise money for the Bristol homeless shelter Julian Trust. The best mates … Read the full press release

MAXIMA Group to Invest €100m in Emission Reduction Measures after Joining SBTi

(IN BRIEF) MAXIMA Group, a retail company that operates in the Baltic States, Poland, and Bulgaria, has joined the Science Based Targets initiative (SBTi) to reduce its impact on the environment by 2030. The company will reduce its direct and … Read the full press release

The European Bank for Reconstruction and Development (EBRD) to provide EUR 60 million loan to ProCredit Bank in Bulgaria in support of SMEs impacted by the war on Ukraine

(PRESS RELEASE) LONDON, 13-Dec-2022 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD), a multilateral developmental investment bank, has announced a 60 million loan to ProCredit Bank in Bulgaria in support of SMEs in the country impacted by … Read the full press release

Solvay to use biomass to cut CO₂ emissions related to energy production at its soda ash plant in Devnya, Bulgaria

(PRESS RELEASE) BRUSSELS, 23-Feb-2022 — /EuropaWire/ — Solvay (EBR:SOLB), an international chemical company, has announced plans to cut 20% of its CO2 emissions related to energy production activities at its largest European soda ash plant in Devnya, Bulgaria by adapting … Read the full press release

Transmetrics AI is Applied by DB Schenker to Improve Land Transport Network in Bulgaria

Transmetrics’ artificial intelligence solutions calculate volumes, goods flow, and the rationality of land connections. (PRESS RELEASE) SOFIA, Bulgaria, 24-Jan-2022 — /EuropaWire/ — Transmetrics, a state-of-the-art AI platform developed exclusively for the supply chain, announces today that their artificial intelligence (AI) … Read the full press release

EBRD to loan EUR 20 million to Bulgarian copper producer Sofia Med AD

EBRD €20 million loan to Sofia Med Funds to boost the capacity expansion investment Sofia Med to develop and implement a low-carbon strategy (PRESS RELEASE) LONDON, 27-Dec-2021 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD), a multilateral … Read the full press release

200 SMEs in Bulgaria, Latvia and Romania to benefit from the joint EBRD and EU programme

(PRESS RELEASE) LONDON, 4-Jun-2019 — /EuropaWire/ — Investment in research and innovation by small and medium-sized enterprises (SMEs) in Bulgaria, Latvia and Romania will now have support from new financing programme launched by the EBRD and the EU. The new … Read the full press release

Accenture to more than double the number of its skilled technology employees in Bulgaria

Company seeks people with skills in JAVA, SAP Hybris, Salesforce and Adobe for its Advanced Technology Centers in Sofia and Plovdiv SOFIA, Bulgaria, 13-Jul-2018 — /EuropaWire/ — Accenture (NYSE: ACN) plans to more than double the number of its skilled technology … Read the full press release

Coface: EU accession of Western Balkans likely to happen as it would counterbalance influence of Russia and China in the region

Bois-Colombes, France, 15-May-2018 — /EuropaWire/ — The European Union – Western Balkans Summit will take place in Sofia, Bulgaria, on the 17th of May 2018. This meeting aims to reaffirm the EU’s commitment towards the Western Balkans gaining EU membership. Coface’s economists … Read the full press release

Russia, Israel and Bulgaria team cleaned up Vilkitsky Island in the east of the Kara Sea supported by LUKOIL

MOSCOW, 09-Aug-2017 — /EuropaWire/ — LUKOIL supported an environmental expedition to scavenge Vilkitsky Island in the east of the Kara Sea, as envisaged by a cooperation agreement between the company and the government of the Yamal-Nenets Autonomous District. After two … Read the full press release

EBRD to invest in the development of the Krumovgrad gold and silver mining project in south-eastern Bulgaria

EBRD to become shareholder in Canadian investor Dundee Precious Metals to promote highest industry standards LONDON, 27-Dec-2016 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) is investing C$ 43.7 million (approximately US$ 32.7 million equivalent) in the development … Read the full press release

Bulgarian foreign minister Daniel Mitov: Bulgaria strictly supports the European and Euro-Atlantic integration of the Republic of Macedonia

SOFIA, 26-8-2015 — /EuropaWire/ — Bulgaria strictly supports the European and Euro-Atlantic integration of the Republic of Macedonia. I believe that all Western Balkan countries belong in a united and strong Europe, and Bulgaria is ready to support the efforts … Read the full press release

Bulgarian National Bank presented its H1 2013 report and budget for 2014 to the National Assembly of the Republic of Bulgaria

Sofia, Bulgaria, 12-12-2013 — /EuropaWire/ — Today, in compliance with article 1, paragraph 2 and article 50 of the Law on the Bulgarian National Bank, the BNB Report for the first half of 2013 and the BNB budget for 2014 were presented … Read the full press release

EIB to provide €50M loan to Municipality of Sofia, Bulgaria in support of transport infrastructure projects

Luxembourg/Sofia,  08-10-2013 — /EuropaWire/ — The European Investment Bank (EIB) and the Municipality of Sofia today signed a new loan agreement of EUR 50 million to support the implementation of the Bulgarian capital city’s master plan. The loan will finance a transport … Read the full press release

Successo nel Campionato Mondiale in Bulgaria per le Energie Alternative dell’Abarth 500 degli italiani Massimo Liverani e Fulvio Ciervo dell’Eco Motori Racing Team

Un successo che rafforza il primato del pilota e di Abarth nella classifica iridata del Campionato Mondiale Energie Alternative L’Eco Motori Racing Team si conferma competitivo con Liverani anche nelle difficili prove a media bulgare Ancora un 2° posto per … Read the full press release

EC Vice-President Viviane Reding in Bulgaria for the Future of Europe Debate

22-7-2013 — /EuropaWire/ — “Bulgaria must stay on the reform path, and its citizens have a key role to play in the process”, said European Commission Vice-President Viviane Reding ahead of a dialogue with over 250 citizens in Sofia (Bulgaria) which she will … Read the full press release

400 tons of toxic rocket fuel safely removed from Kazakhstan with the help of OSCE

SARY OZEK, KAZAKHSTAN, 1-7-2013 — /europawire.eu/ — A train carrying 410 tonnes of a toxic rocket fuel component, which had been stored in deteriorating containers, left Kazakhstan today for safe disposal at a specialized chemical plant in Dzerzhinsk, Russia as part … Read the full press release

EIB, Société Générale Expressbank open EUR 100M credit line to support SMEs in Bulgaria

25-6-2013 — /europawire.eu/ — The European Investment Bank (EIB) and Société Générale Expressbank AD have signed an agreement for EUR 100 million to finance projects which will contribute to increasing employment and the competitiveness of the Bulgarian economy. The funds will be utilized tofinance projects of small and medium-sized companies in the areas of … Read the full press release

Vestas sold two wind power plants in Bulgaria and Romania for EUR 127M to LUKERG Renew

25-6-2013 — /europawire.eu/ — Vestas has entered into an agreement to sell the Romanian project Gebeleisis and the Bulgarian project Hrabrovo to LUKERG Renew for a total enterprise value of EUR 127m. The wind power plants have been co-developed by Vestas, … Read the full press release

President Barroso Statement on his meeting with Prime Minister of Bulgaria Plamen Oresharski

José Manuel Durão Barroso – President of the European Commission Brussels, 24-6-2013 — /europawire.eu/ — Good morning ladies and gentlemen, I would like to warmly welcome Prime Minister Oresharski to the European Commission for the first time. We had an open, frank … Read the full press release

NATO Secretary General Rasmussen praised Bulgaria’s commitment to the Alliance

21-6-2013 — /europawire.eu/ — NATO Secretary General Anders Fogh Rasmussen praised Bulgaria’s contributions to the Alliance and its commitment to transatlantic security after talks on Thursday (20 June 2013) with Bulgarian Prime Minister Plamen Oresharski. “NATO’s core task is security … Read the full press release

Telenor signs with OTE Greece to acquire the second largest mobile operator in Bulgaria Globul

Oslo, Norway, 27-4-2013 — /europawire.eu/ — Telenor has today signed an agreement with OTE to acquire Bulgarian mobile operator Globul for a total amount of EUR 717 million on a cash and debt free basis. Globul is the second largest mobile operator … Read the full press release