BDB plans to allocate BGN 2 billion to businesses under the Invest EU program

"The Bulgarian Development Bank (BDB) actively supports Bulgarian business in its transition to carbon neutrality, and the portfolio of green projects at the bank has grown significantly in the last two years. 25% of the total financing is already for green projects, which means that every fourth loan of the banking group is for a green investment". This was stated by the executive director of BBR, Tsanko Arabadzhiev, in the studio of Bloomberg TV Bulgaria, the press center of the institution reports.

It is clear from the interview that among the most popular programs of the bank is the one for financing photovoltaic facilities up to 1 MW/p from BGN 400 thousand to BGN 5 million. The credit institution also provides a "bridging" resource to companies that are looking for advance funds to start their projects with grant funding under national and European programs related to energy efficiency and green transition.

"Many opportunities are already available for Bulgarian business to accelerate the transition to carbon neutrality - both directly from the Development Bank and through the commercial banks in the country, which are partners of the BDB in the various programs," says Arabadzhiev.

"In the coming years, BDB plans to allocate BGN 2 billion to businesses under the Invest EU program, again through commercial banks. As an implementing partner of the program in Bulgaria, the bank will direct support to sustainable and green financing, innovation and digitization. The goal is to fully reach help to small and medium-sized businesses to overcome market discrepancies in these key areas," said the executive director of the BBR in the conversation.