BDB will partner with the French-Bulgarian Chamber of Commerce and Industry to support projects between Bulgarian and foreign companies
‘The potential for deepening the trade relations between Bulgaria and France is serious, but it needs additional impetus for the development of business projects’, said the Executive Director of the Bulgarian Development Bank Nikolay Dimitrov. In order to promote bilateral business relations, BDB has become a member of the French-Bulgarian Chamber of Commerce and Industry (CCIFB). The Chamber was established in 2004 and brings together over 240 French, Bulgarian and international companies.
France is among the leading foreign trade partners of Bulgaria, with the largest share of French investment in industry, followed by finance, trade, communications, construction and the banking sector.
The trade turnover between the two countries increased by 7,9% in the nine months of last year. BDB will cooperate with CCIFB in the promotion and implementation of projects between Bulgarian and foreign companies in priority sectors such as small and medium-sized businesses, infrastructure, large projects of national importance and others. Among the key priorities of the bank is the management of an export financing program to promote Bulgaria’s foreign trade.
The Bulgarian Development Bank is a member of a number of international organizations such as the European Association of Public Banks, the European Association of Long-Term Investors, the European Investment Fund, the Network of European Financial Institutions for Small and Medium Sized Enterprises and others. BDB is the best positioned bank in Bulgaria to raise funds from international financial institutions, it is a partner of the European Investment Bank, the Council of Europe Development Bank, the Scandinavian Investment Bank, KfW Germany, the China Development Bank, the Black Sea Trade and Development Bank, the Japan Bank for International Cooperation and others.