Vazil Hudak

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.

Two new loans for over 70 million BGN are granted by the European Investment Bank (EIB) to finance projects of small and medium-sized companies in Bulgaria and for digitization. The EIB Vice-President Vazil Hudák arrived in Bulgaria to sign the agreement, reports BNT.

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.

Bulgaria's Energy Minister Temenuzhka Petkova and Slovakia's Economy Minister Vazil Hudak confirmed the political support of the two countries for the Eastring gas pipeline project and discussed the next steps towards its implementation.