FIB line allocate 10 million euros

First Investment Bank granted 10 million euros of financing for small and medium-term investment credits provides a credit line of Germany’s investment bank KfW. The credits were aimed primarily at small and medium enterprises up to 250 000 euros,. Germany’s Bank in collaboration with the Development Bank of the Council of Europe provided a credit line of FIB after detailed study in 2008 with the express approval of the European Commission. FIB credit projects for companies across the country have applied for grants funded by the European Union, especially the Program for Rural Development Program „Competitiveness of the Bulgarian economy and the implementation of other long-term investment projects aimed at buying machinery, equipment, purchase and repair of industrial and commercial areas, etc. „For us this was an appropriate way to enable developers whose projects do not tolerate delay, to receive funding under this program. Many companies throughout the country benefited from this funding program, the biggest interest has been made in cities like Sofia, Stara Zagora, Sliven, Shumen, Blagoevgrad, Pleven, Varna, Plovdiv and Smolyan. Investment projects which support the FIB with the target line, are almost all economic sectors, including agriculture, moreover, supported even by the start-up companies launched a project, „says Nadia Koshinska Director Small and Medium Enterprises in the FIB.

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Finance