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Medium-term prospects for growth remain favourable and Bulgaria has a well capitalised and well regulated banking sector while the central bank holds a large amount of foreign reserves. The overall fiscal position is also sound with fiscal reserves in excess of the low level of gross public debt, and Bulgaria’s history of fiscal surpluses reflects an understanding across the political spectrum of the importance of fiscal prudence in the context of the currency board arrangement.
More developments and challenges
|
No. of projects |
182 |
|---|---|
|
Net business volume |
€2,057.2 million |
|
Total project value |
€7,349.7 million |
|
Gross disbursements |
€1,670.8 million |
|
Portfolio in private sector |
86% |

Support for local enterprises will be an EBRD priority in Bulgaria with a special focus on enhancing local business competitiveness and investing in modernisation to allow the local private sector to cope better with enhanced competition following accession. Financial tools, such as dedicated credit lines using EU post accession funds, will be tailored to help local businesses meet EU environmental standards and improve energy efficiency.
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