EIB Helps Improve Bulgaria Roads, Business Sector

The European Investment Bank has approved a loan of 43.5 million euros (USD65.38 million) to help Bulgaria improve roads and similar infrastructure in its capital city of Sofia. EIB also agreed to lend 50 million euros for the development of small and medium-sized enterprises in the country, the

reports.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.