Business

Lifestyle

Politics

Society

Sports

Home » Business

A €35 million loan for the municipalities given by EBRD

Submitted on Thursday, 16 July 2009No Comment

The European Bank for Reconstruction and Development will give a second loan of another €35 million to the Bulgarian Fund for Local Authorities and Governments (“FLAG”).

The government approved of the loan, announced the Bulgarian National Radio.

The money from the Fund will be used for loans for the municipalities. They apply for funding through the Cohesion and structure funds of the EU.

With the funds, the local authorities cover the needed co-financing and VAT expenses for their projects. The signed contracts so far are for 33,5 million euro. The others are still under consideration.

Popularity: 1%

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • email
  • Technorati
  • Live
  • MySpace
  • Reddit
  • StumbleUpon
  • Twitter
  • Wikio

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.

More news from Business

» Large discounts for Bulgarian property
» Bulgaria real estate property increasingly attractive for Russians
» Russian pressure for the nuclear power plant Belene
» ORS aren't changing their plans for Bulgaria
» 700 jobs opened for the construction of Mall Pleven