EBRD Vice President Jan Fischer to visit Bulgaria

By EBRD  Press Office

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The EBRD’s Vice President Jan Fischer will be visiting Bulgaria from 21-23 January 2012, and his discussions in Sofia will reinforce the Bank’s strong commitment to supporting further development of the country.  

During his three-day visit Mr Fischer will have meetings with senior Bulgarian officials, including the country’s President, Rosen Plevneliev and Prime Minister, Boyko Borrisov. 

The EBRD Vice President will also meet with representatives of the World Bank and the European Investment Bank to discuss the continuing coordination of the efforts of international financial institutions in Bulgaria to strengthen the country’s growth and deepen its EU integration.

The EBRD is one of the leading investors in Bulgaria’s economy. Since the beginning of its activity in the country, the Bank has invested over €2.5 billion in transport and municipal infrastructure, power and energy, industry, agribusiness and the financial sectors.

The EBRD funds mobilised additional investment of over €5 billion and helped Bulgaria attract close to €130 million in technical assistance grants from the European Union.

“The EBRD is here to support Bulgaria through its direct investment, technical assistance, as well as through its close cooperation with other international financial institutions and lenders. Our overall goal is to help Bulgaria achieve its remaining development objectives and reinforce the country’s strong growth perspective in the long term,” said Jan Fischer, EBRD Vice President.

In the coming years the Bank’s operations will focus on promoting Bulgaria’s transition to a low-carbon economy and enhancing the country’s energy security through investments in renewable energy and new interconnections for delivery of gas and oil.

The EBRD will continue to support Bulgaria’s top development priorities, including restructuring the power sector and improving its energy efficiency, developing greater export capacity as well as further strengthening of the infrastructure and financial sectors.

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