Bulgaria's parliament is about to vote on whether to accept another EUR 250 million loan from the European Investment Bank, and the cash is basically going straight into covering the country's share of EU-funded projects. The money gets split across transport infrastructure, environmental programs, regional development, business competition stuff, and tech innovation projects that are part of the 2021-2027 funding cycle.
This loan is the second chunk from a EUR 1 billion credit line the EIB set up for Bulgaria, and the first EUR 250 million tranche from last year has already got burned through. The bank has been doing this for Bulgaria since 2007, dropping EUR 447 million in the first round and EUR 500 million in the second round to help bankroll over 11,000 projects across the country.
The National Assembly also has a tax treaty with Malta on the agenda to stop double taxation and close loopholes, and a bunch of ministers are showing up for parliamentary oversight.
This loan is the second chunk from a EUR 1 billion credit line the EIB set up for Bulgaria, and the first EUR 250 million tranche from last year has already got burned through. The bank has been doing this for Bulgaria since 2007, dropping EUR 447 million in the first round and EUR 500 million in the second round to help bankroll over 11,000 projects across the country.
The National Assembly also has a tax treaty with Malta on the agenda to stop double taxation and close loopholes, and a bunch of ministers are showing up for parliamentary oversight.
