Bulgaria

The European Investment Bank (EIB) will provide advisory support to Natsionalna Elektricheska Kompania EAD (NEK), Bulgaria’s national electricity company, in preparing the construction of two large pumped-storage hydropower plants in the southwestern part of the country.

Lending in Bulgaria in 2023 by the European Investment Bank Group (EIB Group) - made up of the European Investment Bank (EIB) and the European Investment Fund (EIF) - more than doubled from the previous year, to €1.11 billion. The new financing is expected to mobilise investment of over €5.4 billion and support a more technologically advanced, green and resilient economy.

The European Investment Bank (EIB) and European Investment Fund (EIF), which make up the EIB Group, announced agreements with Bulgarian partners in Sofia to bolster the domestic economy and the country’s carbon neutrality goal.