Agreement for Investment Worth BGN 100 mln under Juncker Plan Signed in Sofia

In the presence of the EC President Jean-Claude Juncker, Bulgaria’s Prime Minister Boyko Borissov and Vice President of the European Investment Bank, an agreement was signed for the largest project in Bulgaria guaranteed by the European Fund for Strategic Investments, which is the central pillar of the Juncker investment plan for growth and jobs in Europe. Funding will be in the field of agriculture. The funding is to the amount of BGN 100 million and will be used for the construction of a factory for agricultural and pharmaceutical products.

This project is expected to create 210 new jobs and support the development of the Bulgarian agriculture. The project is funded by the European Investment Bank, within the framework of the investment plan for Europe, which is more popular in Bulgaria as the Juncker Plan.

The funding is to the amount of about BGN 100 million and will be used for the construction of a factory for agricultural and medicinal products by the Bulgarian company Bioved.

The Chair of the Confederation of Employers and Industrialists in Bulgaria (CEIBG), Kiril Domuschiev, who was present at the signing, told BNT that the company will also participate with 50 million own funding and has applied to the European Commission and the Juncker Plan with this project.