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Juncker Plan supports agriculture project in Bulgaria as EIB opens office in Sofia

Juncker Plan supports agriculture project in Bulgaria as EIB opens office in Sofia
The European Investment Bank (EIB) has signed a loan agreement in Bulgaria with Oliva AD, the leading sunflower and oil producer and grain trader in the country, as Commission presented​.

The company will use the loan to finance the construction of a new sunflower oilseed production plant and storage and logistics facilities in the Beloslav municipality near Varna.

This agreement is supported by the European Fund for Strategic Investments (EFSI), the core part of the Investment Plan for Europe, or so-called Juncker Plan. The EIB also opened a new office in Sofia today, which will help provide local, targeted assistance for project promoters and small businesses looking for investment.

Commissioner for Agriculture, Phil Hogan, said: "I welcome the EIB's commitment to targeting EU investment to the agri-food sector. This is a growth sector with massive potential to contribute more to job creation and growth with smart, tailored investment. I encourage any and all agri-food operators with a suitable investment plan to make contact with the EIB to investigate what options may be open to them"./IBNA

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