A significant financial agreement has been established between the Bulgarian Development Bank (BDB) and the United Bulgarian Bank (UBB), aimed at enhancing public investment in Bulgaria. This arrangement, valued at 100 million euros, is designed to support various government-backed initiatives over the next few years, with UBB providing the necessary funding to BDB.
The allocated resources are intended to enhance energy efficiency in multi-apartment residential buildings from 2025 to 2029. In addition, the funds will be directed towards financing a range of municipal infrastructure projects. The structure of the loan adheres to national state-aid regulations and aligns with Bulgaria’s 2025 state budget, ensuring compliance with the limits set for state guarantees as outlined in BDB’s legal framework.
This funding agreement underscores the ongoing collaboration between BDB and UBB, showcasing their mutual commitment to fostering sustainable economic growth and public investment. Their partnership has recently expanded, highlighted by a separate guarantee under the InvestEU program that was signed in December. This initiative aims to bolster financial access for SMEs and green projects, with a cumulative value exceeding 335 million euros.
