FIDLOCK Innovates with Magnetic Attachments: Expanding Distribution Across Central Europe
FIDLOCK's innovative solutions have revolutionized the way accessories are attached in various appli
moreNew Era Targets Central European Expansion with Key Distributors Across the Region
New Era, a prominent headwear manufacturer known for its caps, beanies, and bucket hats, is settin
moreAirsoftZone Named Official Distributor of G&G Armament in Poland
G&G Armament has officially designated AirsoftZone as its new distributor in Poland. This upda
moreRomania Welcomes Four Innovative Wiegand Projects: Expanding the Adventure Tourism Landscape
Last autumn marked the commencement of a notable Alpine Coaster 2.0 project in Varsag, Transylvania,
moreMajor Tourism Project Completed in the Czech Republic: A New Attraction in Dolni Morava
Dolni Morava, a quaint village nestled at the base of the Śnieżnik Mountains in the Czech Republic
more
"Business
Partner search for the Sports industry in Central Europe"
You are here » Home Page
» CE Sports Business News
» New EBRD partnership for Societe Generale Expressbank
New EBRD partnership for Societe Generale Expressbank
2017-04-18 source ownThanks 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.