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5 Bulgarian banks to offer preferential financing to micro to medium enterprises

15. July 2011. | 11:17

Source: BNR

The five banks operating in Bulgaria which have signed the agreement will be offering financing at preferential conditions to a wide range of small and medium-sized enterprises in Bulgaria which aim at expanding expand their businesses.

The CEO of the European Investment Fund, Richard Pelly, and officials from CiBank, ProCredit bank, Raiffeisen bank, United Bulgarian Bank and UniCredit BulBank signed in Sofia agreements under the JEREMIE initiative (Joint European Resources for Micro to Medium Enterprises).

The initiative is to allocate 78 million euro from the EU structural funds in support of Bulgarian companies.

The five banks operating in Bulgaria which have signed the agreement will be offering financing at preferential conditions to a wide range of small and medium-sized enterprises in Bulgaria which aim at expanding expand their businesses.

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