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China Development Bank to finance up to EUR 1.5bn of projects in Bulgaria

The development banks for China and Bulgaria signed a treaty with the first pledging to invest up to EUR 1.5bn in Bulgaria in a 5-year period. This will happen via loans from CDB to BDB, financing or co-financing of projects as well as private equity, syndicated lending and other forms of equity and debt investments. Funds will be provided to small and medium enterprises and companies in sectors such as energy, communications, transportation and agriculture.

Source: Bulgarian Development Bank; FFBH

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