16.04.2024 Tsanko Arabadzhiev: The Bulgarian Development Bank must participate in the energy transition of the country
Loans for BGN 2.6 billion will be guaranteed under the Invest EU Programme, with BDB as implementing partner in Bulgaria
The Bulgarian Development Bank (BDB) is ready to invest in the energy transition of the country. This was stated by Mr. Tsanko Arabadzhiev, BDB Executive Officer, during the ‘Resilient and Efficient Energy for a Future-proof and Secure Economy’ forum, organized by the Bulgarian Industrial Capital Association (BICA) and the European Economic and Social Committee.
As an implementing partner of the European Invest EU Programme, by the end of the year BDB is to launch new guarantee products through commercial banks in Bulgaria focused on achieving carbon neutrality targets.
The total volume of loans the businesses will be able to benefit from will amount to BGN 2.6 billion, with 60% being entirely for climate and environmental investments. The construction of both renewable energy facilities and new energy-efficient buildings, green roofs and facades, smart control and management devices and much more will be eligible.
BDB continues to implement instruments to help businesses with sustainability and innovation. The bank is ready to expand measures for renewable energy production with investments in hydropower, geothermal and bioenergy, Arabadzhiev specified.
