European Investment Bank

European sanctions will not make Turkey to give up on drilling near Cyprus, the Turkish foreign ministry said. Ankara responded to yesterday's decision by EU foreign ministers to take measures against Turkey for its gas drilling in the waters of the exclusive economic zone of Cyprus.

Chief Prosecutor Sotir Tsatsarov has signed a Memorandum of Understanding between the Prosecutor's Office of the Republic of Bulgaria and the European Investment Bank (EIB) to  strengthen cooperation and exchange of information between the two institutions, the prosecution announced, quoted by BNT. 

Greece moved closer to cutting Crete's reliance on oil to generate power on Thursday as grid operator ADMIE signed a 178 million euro ($200 million) European Investment Bank loan to partly fund undersea cables to the mainland.

The European Union has launched a plan to grant cheaper loans to young farmers, which are often rejected by banks. The package is up to one billion euros.

The European Commission and the European Investment Bank want banks to combine loans, with a total of two billion euros.

For the past five years, the European Investment Bank has provided 1.5 billion euros for the Bulgarian economy. Last year alone, the bank provided EUR 103 million in loans for various projects and the European Investment Fund supported eight projects worth a total of EUR 114 million.

Software Group will open 200 new jobs in Bulgaria by 2021, the company said today. The company founded in Bulgaria operates on six continents and with over 150 clients in 70 countries. At present, the number of its employees exceeds 350. The expansion will be funded with the first EIB investment loan from the European Investment Bank (EIB) amounting to € 18 million.

The printing of secure identity documents in Greece will be expanded following the agreement of a new 11 million-euro 10-year loan with the European Investment Bank by Veridos Matsoukis SA, a leading printer of secure documents.

The Government grants the due attention to infrastructure projects in the natural gas area, having as objective the safety of gas deliveries and the reduction in energy dependence by diversifying the supply sources and routes, Prime Minister Viorica Dancila said in the beginning of the Government meeting on Friday.

Cohesion policy is the guarantee of raising the quality of life for European citizens, with the results being visible also in Romania, which in the period since its EU accession has received European funds of over 45 billion euros for its own development, European Commissioner for Regional Policy Corina Cretu said Friday, ahead of a visit she will pay on Monday and Tuesday to Romania.

Eurobank announced on Monday that two new agreements had been signed with the European Investment Bank for supporting investment plans by small and medium-sized enterprises.

A 100-million-euro loan agreement is destined to offer a credit line to SMEs through the Greek lender, following two more deals already signed totaling 250 million euros.