A new financing arrangement has been established to support public investment priorities in Bulgaria, as the Bulgarian Development Bank (BDB) and United Bulgarian Bank (UBB) formalized a 100 million euros deal. Under the agreement, UBB will provide the funding to BDB, enabling the implementation of key government-backed programs in the coming years.
The resources are set to improve energy efficiency in multi-apartment residential buildings between 2025 and 2029, and to finance various municipal infrastructure initiatives. The loan structure complies with national state-aid rules and aligns with Bulgaria’s 2025 state budget, staying within the ceiling for state guarantees defined by BDB’s legal framework.
This agreement further strengthens the long-standing cooperation between BDB and UBB, reflecting a shared commitment to sustainable economic development and public investment. Their collaboration has expanded recently, including a separate guarantee under the InvestEU program signed in December, aimed at increasing access to finance for SMEs and green projects, with a combined value exceeding 335 million euros.