Bulgaria OKs EUR 200 M Loan Agreement with CoE Bank

The Bulgarian government has approved a loan agreement with the Council of Europe Development Bank (CEB) that will allow co-funding of projects implemented under EU programs.

The EUR 200 M loan will boost the absorption of EU funding by partly reimbursing the Bulgarian contribution to the funding of investment projects realized in the country.

It will be in force with regard to projects carried out under several operational programs, namely Regions in Growth, Human Resource Development and Science, Education and Intelligent Growth.

CEB will not assign any fees or commission, the cabinet says.