More EBRD Backing for Bulgarian SMEs

The

will release EUR5 million (USD6.4 million) more to shore up the development of local micro, small and medium-sized enterprises in Bulgaria. The supplementary funding will enable Аllianz Bank Bulgaria to provide mid-term financing of as much as EUR125,000 for each SME, mainly for investment purposes. EBRD's lending for SME development in Bulgaria now stands at EUR192.6 million.

About the author

  • Devex Editor

    Thanks a lot for your interest in Devex News. To share news and views, story ideas and press releases, please email news@devex.com. We look forward to hearing from you.