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The EBRD has launched its InvestEU programme in Bulgaria to support the green transition. The programme has already mobilised over €300 million in new green finance through agreements with Postbank and ProCredit Bank Bulgaria.
The Nordic Investment Bank (NIB) will provide two 26-year loans of EUR 64 million and EUR 62 million, respectively, for the construction and operation of two large-scale offshore wind farms, Bałtyk 2 and Bałtyk 3 in Poland.
The EBRD has signed an InvestEU agreement with ProCredit Bank Bulgaria to support green transition by sharing risk on a portfolio of new business loans. The portfolio guarantees will enable increased lending in both Bulgaria and Greece.