Bulgarian Development Bank will finance the construction of new kindergartens

The Bulgarian Development Bank will assume the role of financing institution under the InvestEU plan. This European Union programme inherited the "Juncker Plan" and will support the private sector in the European economy. The news was announced on the 18^th of June - the day the Bulgarian Development Bank marked 20 years since it was established.

As the representative of the owner of the capital, the Minister of the Economy Emil Karanikolov reported exceptionally good financial results of the bank.

Under the new InvestEU programme, a financial resource of € 570 billion will be allocated to small and start-up companies in European countries.

The Bank for Reconstruction and Development financed the energy efficiency programme in Bulgaria and under the new programme is ready to support projects of major importance to society.

Stoyan Mavrodiev, CEO of Bulgarian Development Bank: Following the successful initiative for energy saving measures in Bulgarian homes, the bank is ready to structure and finance a social infrastructure programme for the construction of kindergartens in the country. Cross-border projects can also be supported, which is important for our partners from the countries in the region, that are candidates to join EU.