News by country: Republic of Bulgaria

IIB supports small and mid-sized businesses of Bulgaria

IIB supports small and mid-sized businesses of Bulgaria

The Board of the International Investment Bank endorsed opening a credit line to the Bulgarian Bank of Development for the support of small and mid-sized businesses of Bulgaria. The total bank credit will amount to EUR 20 million. The loan will be provided for a term of seven years. In addition to financing end-use borrowers, the BBD can give loans to the Bulgarian commercial banks to fund similar projects. The credit line…  Read more
International Investment Bank  develops cooperation with Bulgaria

International Investment Bank develops cooperation with Bulgaria

The Chairman of the Board Mr Nikolay Kosov has met with the Extraordinary and Plenipotentiary Ambassador of the Republic of Bulgaria to the Russian Federation H.E. Mr Bojko Kotsev at the IIB Headquarters. Nikolay Kosov informed the Ambassador about the current stage of the Bank’s development and the implementation of its development strategy adopted at the last Meeting of the Council. He also pinpointed the targets the Bank…  Read more
IIB Finances Development of Bulgarian Resorts

IIB Finances Development of Bulgarian Resorts

Construction of the resort «Marina Bay» began in Bulgaria with the financial support of International Investment Bank (IIB). The resort is being built in the Kranevo region, about thirty kilometers from Varna, close to the famous Bulgarian resort «Golden Sands». The complex consists of seven four-storey buildings which include 105 apartments with the floor area of 6 985.62 square meters. The whole floor space is fo…  Read more