The European Investment Bank has extended 299 million euro in loans and guarantees to Bulgarian corporate entities in 2017, the bank said March 9. Of that sum, 250 million euro was lent directly and a further 49 million euro was provided to facilitate the investments of small businesses to support their growth and competitiveness.
The bank, which is owned by EU member states and uses their deposits to fund loans within and outside the bloc, has been operating in Bulgaria since 1992, and its lending commitment to the country in that period was 5.1 billion euro.
The largest loan in 2017 was 100 million euro to Biovet, a subsidiary of the pharmaceutical company Huvepharma, to finance planned increase of production capacity, as well as research and development activities in the area of animal health.
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