Bulgarian development bank
The Bulgarian Development Bank is ready to direct a financial resource towards green projects and innovations related to the achievement of the climate change strategies set out in the European Green Deal, a radio interview of the Bank's Strategic Development Advisor Sophia Kassidova revealed.
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As a national development bank, BDB plans to invest at least 15% of its loan portfolio in energy-saving and eco-innovation projects. This was announced by BDB CEO Stoyan Mavrodiev on the second day of the annual Central and Eastern Europe Forum held in Vienna. Today, he is taking part in a panel on building sustainable EU economy.
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Green finance, climate change and the challenges of eco-investment are among the leading topics of the 25th anniversary of the annual Central and Eastern Europe Forum opened today in Vienna. The forum brings together top-ranked investors, business leaders, politicians and financiers and is organized by Euromoney and Global Capital.
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Law enforcement agencies and financial institutions from 31 countries have been working together for the fifth consecutive year to counter money laundering and "financial mule" schemes. The global campaign is organized by the European Cybercrime Center at Europol / EC3 - EUROPOL/ and the EU judicial coordination body Eurojust and with the partnership of the European Banking Federation of which the ABB is a member.
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BDB reported close to 50% profit increase for the first three quarters of the year compared to 2018, thus reaching BGN 22 million in number. The increase in the bank's financial result is significantly higher than the average for the banking system in Bulgaria, where the annual increase reached 4.2 percent.
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Digitalization, environmental projects and energy links are the top three priorities for the new investment program InvestEU, which will succeed and build on the so-called Juncker Plan in the 2021/2027 period, said Pascal Lagarde, Executive Director, Strategy, Development and International Relations at Bpifrance, during the Annual Meeting of the EIF Shareholders in Sofia, hosted by the Bulgarian Development Bank.
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"We have a wonderful long-standing cooperation with the Bulgarian Development Bank. We have signed two loans - in 2010 and in 2016 - for EUR 125 million for energy efficiency in the construction sector. BDB is a valuable and reliable partner for us”, said Eva Witt, Director of Federal and European Affairs at the German Development Bank KfW, who has over 20 years of experience in project funding, financial system development and infrastructure financing.
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