Bulgaria

Bulgarian Postbank plans to allocate BGN50m (EUR25.57m) to SMEs as of December 1

Bulgarian business is showing increasing interest in the services of factoring companies.

Coface decides to keep Bulgaria on Negative Watch.

In a recent interview Philippe Lhotte, Chairman and CEO of Société Générale Expressbank, shared the banks plans for 2009

The EBRD is continuing its successful cooperation with Societe Generale Expressbank by extending another EUR5m for on-lending to MSMEs

At the round table organized by the BCCI, entrepreneurs proposed setting up a factoring company as a subsidiary of the Bulgarian Bank for Development

Bulgaria s Development Bank is expected to launch operations in mid-2009, said energy minister Petar Dimitrov.

The European Bank for Reconstruction and Development (EBRD) is providing a EUR25m credit line to Postbank for on-lending to Bulgarian small and medium-sized enterprises (SMEs).

First Investment Bank (FIBank) has received a 10m five-year loan from German Investment Bank KfW.

The Austrian Bank Creditanstalt is providing 10m free service for the project Establishment of Fund for Credit Guarantee The Cabinet has approved the projected financing contracts.