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Procredit EU Covid19 Response for SMEs & Midcaps

Last update: Dec 6, 2024 Last update: Dec 6, 2024

Details

Location:Bulgaria, Romania
Bulgaria, Romania
Category:Consulting services
Status:Formulation
Sectors:Private Sector & Trade, Financial Services & Audit
Contracting authority: ProCredit Bank (Bulgaria)
Contracting authority type:Financial service provider
Eligibility:Unknown
Budget: EUR 40,000,000
Date posted: Jun 3, 2020

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Associated Awards

Project cycle timeline

STAGES
EARLY INTELLIGENCE
PROCUREMENT
IMPLEMENTATION
Cancelled
Status
Programming
Formulation
Approval
Forecast
Open
Closed
Shortlisted
Awarded
Evaluation

Description

Reference: 20200193 Release date: 3 June 2020 Promoter – Financial Intermediary PROCREDIT BANK (BULGARIA) AD,PROCREDIT BANK SA Location Bulgaria Romania Description The project concerns a dedicated EIB loan to finance eligible investments promo
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formulation
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tender Background

About the Funding Agency

The European Investment Bank (EIB) is the lending arm of the European Union. The EIB is the biggest multilateral financial institution in the world and one of the largest providers of climate finance.

The EIB works closely with other EU institutions to foster European integration, promote the development of the EU and support EU policies in over 160 countries around the world.

Through EIB Global, set up in 2022 to increase the impact of our development finance, the EIB helps address global challenges and creates growth and opportunity on all continents.

About the Sectors

Private Sector & Trade

Entails initiatives that promote entrepreneurship, strengthen competitive markets, and expand domestic and international trade opportunities.


Key areas:
  • Private sector development and SME/MSME support
  • Entrepreneurship, start-ups, and business growth initiatives
  • Trade facilitation, import/export, and market access
  • Commerce, retail/wholesale, and free trade mechanisms

Financial Services & Audit

Covers financial, banking, insurance, investment, and audit services related to the management, transfer, and oversight of financial resources.


Key areas:
  • Financial services, banking, and insurance
  • Accounting, auditing, and financial reporting
  • Investment, capital markets, and financial inclusion

Locations

Bulgaria

Bulgaria focuses on highway expansion, rail upgrades, energy interconnectors, and water infrastructure to improve regional cohesion and EU integration. EU structural and cohesion funds represent a significant share of infrastructure financing. Investments aim to strengthen transport connectivity along Trans-European Transport Network (TEN-T) corridors. Governance reforms, absorption capacity, and demographic challenges affect long-term infrastructure performance.

Nr. of tenders: 8700
Nr. of grants: 15553
Nr. of donors: 756
Nr. of jobs: 32

Romania

Romania focuses on highway construction, rail rehabilitation, energy infrastructure, and water systems to improve regional connectivity and EU integration. EU structural funds represent a significant share of infrastructure financing. Investments aim to close infrastructure gaps and strengthen economic competitiveness. Governance reforms and administrative capacity remain key factors in project delivery.

Nr. of tenders: 13190
Nr. of grants: 15779
Nr. of donors: 1271
Nr. of jobs: 29
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