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EBRD investments in Bulgaria top EUR 1 B

Date: 23.11.2005

Prime Minister Sergey Stanishev (L) conferred with Olivier Descamps, Director for Southern and Eastern Europe and the Caucasus Monday.

The European Bank for Reconstruction and Development has invested EUR 1 B in Bulgaria, it emerged at a meeting of Prime Minister Sergey Stanishev with Olivier Descamps, Director for Southern and Eastern Europe and the Caucasus.

The bank has assisted in attracting another EUR 4 B to the Balkan state.

Over the last three years the bank has doubled investments in the energy sector, banking, tourism, small and medium-sized enterprises and industry.

During their meeting, Prime Minister Stanishev briefed Olivier Descamps on the government's program.

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