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Bulgarian Development Bank offers a credit program for energy efficiency to small, medium-sized businesses

Bulgarian Development Bank
Photo: Ani Petrova, BNR

The Bulgarian Development Bank (BDB) will help companies in the Manufacturing Industry sector to transition to a green and low-carbon economy through its new Energy Efficiency of Small and Medium Enterprises program. The need for such investments is no longer just a matter of strategy for a green transition and climate protection, but a necessity due to the uncertainty of the energy markets and the consequences of the pandemic, reports Bulgaria's Ministry of Innovation and Growth. 

Companies will be able to benefit from direct loans ranging from BGN 100,000 to BGN 500,000. 

The BDB program has a total value of BGN 30 million. The goal is to speed up the introduction of energy-saving technologies in production, which will lead to a reduction in the electricity consumed by external suppliers.

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