The European Investment Bank is providing a €250 million loan to Bulgaria to support co-financing of priority projects under European programs in the period 2021-2027. The bank said the financing will strengthen the economy, boost growth and competitiveness and improve living standards. The projects are intended to accelerate development in various areas - from energy efficiency and water, to transport and research.

The funds are part of the first transfer under structural loan program approved for the current programming period in the amount of 1 billion euro. Together with larger projects, this tranche can be used to finance smaller projects that do not meet the requirements for direct financing by the bank.

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