BANKS TO FINANCE SAPARD PROJECTS

Business | June 4, 2001, Monday // 00:00

Intentions to finance SAPARD projects have been stated by 10 banks, Agency Balkan announced. First Investments Bank, Unionbank, Bulgaria Invest, the Central Cooperative Bank, Raiffeisenbank-Bulgaria branch, Bulbank, Eurobank, Rosseximbank, the Bulgarian Post Bank, and the Encouragement Bank are listed. Bulgaria is the first country in Eastern Europe in which the program is launched officially. Under SAPARD agricultural projects in private sector will be financed (50% of the initial investment).

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