Tsvetelia Tsolova
- European Investment Bank
- Sofia Office
- 9 Moskovska Street
- 1000 Sofia
- Bulgaria
The European Investment Bank (EIB) is lending Bulgaria €250 million to co-finance EU-backed projects and accelerate development in areas ranging from energy efficiency and water to transport and research. The loan is for projects that will strengthen the Bulgarian economy, bolster competitiveness and enhance the country’s quality of life.
Most Bulgarian respondents recognise the need to adapt their lifestyle due to the effects of climate change, according to the annual Climate Survey commissioned by the European Investment Bank (EIB). Among the challenges facing their country, Bulgarian respondents ranked climate change fifth, after political instability, cost of living, unemployment and access to healthcare. Many believe that investing in adaptation now will prevent higher costs in the future.
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.