The launch event was opened from Minister of Economy and Energy Peter Dimitrov. Official speeches were presented from EBRD Director for Bulgaria James Hislop, Chairman of the Energy Committee in the National Assembly Ramadan Atalay, Zoltan Kiss – EBRD, Marko Esposoto – Director Corporate and International Banking in UCB, Stefan Vasilev – Director Small and Medium Business and Special Programs in UBB.
The new extension of the credit line is based on the successful implementation of the EUR 100 million financing facility so far and will comprise of additional EUR 55 million made available to Bulgarian companies through local financial institutions. The EBRD funds are complemented by the Kozloduy International Decommissioning and Support Fund (KIDSF) grant funding which provides support to overcome barriers still faced by sub-borrowers in developing, financing and implementing such investments.
Discussions are currently taking place with potential participating banks. To date United Bulgaria Bank and UniCredit Bulbank have agreements with EBRD to participate in the credit line.