Photo: UniCredit Bulbank
The Bulgarian Development Bank (BDB) and UniCredit Bulbank have signed a new guarantee agreement under the InvestEU programme, which will expand access to financing for businesses. This will enable loans worth EUR 100 million to be granted to small and medium-sized enterprises, as well as companies with medium market capitalization, the BDB announced. The agreement was signed on Tuesday by Tsanko Arabadjiev (CEO of the BDB), Tsvetanka Mincheva (CEO of UniCredit Bulbank) and Borislav Bangeev (Executive Director and Director Corporates of UniCredit Bulbank). Deliana Ivanova, Chair of the BBR Supervisory Board, also attended the ceremony.
The agreement provides an opportunity to guarantee new loans to support businesses in increasing their competitiveness, growth and employment, as well as accelerating investment in innovation, digital development and sustainable business models. The InvestEU guarantee covers 50% of each loan, enabling financing to be provided on more favourable terms, including preferential pricing, reduced collateral requirements and lower customer co-financing.
The InvestEU programme (2021–2027) is a key EU instrument for supporting sustainable development, small businesses, and innovation.