EBRD lends €20 million to Bulgaria copper fabricator Sofia Med
Bulgaria, March 30 -- The European Bank for Reconstruction and Development (EBRD) is strengthening its presence in Bulgaria's corporate banking market with an innovative €20 million loan to copper fabricator Sofia Med. The transaction benefits from an EU guarantee under the InvestEU programme and is the EBRD's first in Bulgaria to link sustainability performance to pricing.Bulgaria is working to accelerate its green economy transition, and copper is a critical raw material for the green transition, essential for electrification, renewable energy infrastructure and e-mobility. Fabricators are uniquely positioned to increase the share of secondary copper in production by expanding scrap collection networks and investing in recycling cap...
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