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EBRD President to visit Bulgaria
Jean Lemierre to attend CEI summit, sign two projects
The President of the European Bank for Reconstruction and Development, Jean Lemierre, arrives in Bulgaria on Monday, 26 November for a two-day visit to participate in the Central European Initiative (CEI) summit and sign two projects funded by the EBRD. The visit underlines the importance the EBRD attaches to regional integration and the Bank’s support for Bulgaria.
During meetings with Bulgarian Prime Minister Sergey Stanishev and Finance Minister Plamen Oresharski, Mr Lemierre will reiterate the Bank's support for the country, particularly in the areas of energy efficiency, infrastructure, power and energy and in the corporate sector. President Lemierre will also hold discussions aimed at increasing further the EBRD’s investments in the country.
During the CEI summit, Mr Lemierre will hold a number of meetings with other government officials from the region, as well as local and foreign business leaders and representatives from the international community.
In Sofia, Mr Lemierre will sign two projects funded by the Bank. The EBRD is actively promoting the development of renewable energy in the country and is extending a €54 million loan to Vez Svoghe for the construction of nine small hydro power plants along the river Iskar. As part of its support for private sector growth and foreign investments in the country, the EBRD is extending €6.75 million to the Austrian company Wienerberger to upgrade a brick plant near the town of Lukovit in north-western Bulgaria.
The EBRD is the largest investor in Bulgaria with more than €1.4 billion committed to projects across the country. Working with its many partners, the Bank has mobilised more than €5.7 billion for projects in Bulgaria.
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