Bulgaria

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.

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.