Bulgaria - Signature ceremony on the occasion of two CIP agreements with the Bulgarian Development Bank (BDB) and the National Guarantee Fund (NGF)

EIF Chief Executive, Mr Richard Pelly and Vice Chairman of the Board of Directors of JOBS MFI and Executive Director of BDB, Mr. Iliya Karanikolov, together with the Chairman of the Board of Directors of National Guarantee Fund (NGF), and Member of the Management Board of Bulgarian Development Bank (BDB) Mr. Andrei Genev, today signed two agreements in Sofia to support micro, small and medium-sized enterprises in Bulgaria.

Both Jobs MFI and NGF are wholly owned subsidiaries of the Bulgarian Development Bank (BDB). The EUR 6m senior loan for JOBS MFI and EUR 30m guarantee agreement for guarantees issued by National Guarantee Fund (NGF) to businesses will allow Bulgarian entrepreneurs to access finance and equipment to start up, develop and grow their businesses.

The agreements were signed under the EU Competitiveness and Innovation Programme (CIP) and the European Progress Microfinance Facility. For more information please refer to the press release issued on the occasion of the event.

Press contact:

EIF: David Yormesor, d.yormesor@eif.org - Tel. (+352) 4266 88 346