Bike and Beats Classes for Fitness First Germany

As the demand for group cycling classes increases, Fitness First Germany has now announced the addit

more

Polish Outdoor and Winter Sports Market

When looking for an outdoor market with potential, Poland has long-been at the forefront of thinking

more

Second-Best in Central Europe for Aria Hotel

According to Conde Nast Traveler magazine and their 300,000 readers, the Aria Hotel Budapest is now

more

Bosch eBike Systems to takeover COBI

Within the eBike market, COBI, a startup, has been making waves in recent times since it offers cycl

more

New Kant Outlets in Russian Decathlon Stores

In Russia alone, Decathlon now has 50 stores with Kant operating 18 retail branches along with a pre

more

"Business Partner search for the Sports industry in Central Europe"


You are here » Home Page » News » New EBRD partnership for Societe Generale Expressbank


New EBRD partnership for Societe Generale Expressbank

2017-04-18 source own
Thanks to a new agreement between the Societe Generale Expressbank (SGEB) and the European Bank for Reconstruction and Development (EBRD), Bulgarian companies will now have improved access to finance in order to boost the competition within certain markets. Currently, two-thirds of all lending from SGEB goes towards local companies and EBRD is no stranger to the company as they have provided support in the past. However, this deal is slightly different in that it is a ‘RSF’ risk participation agreement; the first for Bulgaria and the first for EU member state lenders.

In over 230 projects, the EBRD has invested significant sums of money in Bulgaria to date. Thought to be worth a little under €3.5 billion, 80% of this amount has gone towards the private sector. In 2016 alone, over €600 million was pumped into the Bulgarian economy by the EBRD. In the future, the EBRD has set a target of €200 million per year to keep up with local demand.

Click here to register to get CeSports latest Business Report on doing business in Central Europe & for an overview on the Sporting Goods market in Central Europe.


Featured Partners

Featured Partners

View more featured partners

more

Press Releases

View Our Press Releases

more

FAQ

View Our FAQ

more
Featured

Sports Business Partner Connections Central Europe

Head logo Rhinos logo order reports