Bulgaria offers unique country environment openings with a macroeconomic and political stability in the past four years, Jean-Mark Peterschmidt, country director for Bulgaria of the European Bank for Reconstruction and Development (EBRD), said. EBRD will open a bank for micro-crediting in the next couple of weeks, he added. The financial institution will be extending credits of up to Bulgarian levs (BGN) 10,000 supporting local SMEs. EBRD has invested in Bulgaria some EUR 80 million in 2000. Financing might increase to EUR 100 million annually in the next year or two, Mr. Peterschmidt said.

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