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Bulgaria: Grants and Loans for Commercial Clients
Submitted by Baerbel Epp on May 8, 2012
On 14 May, the Bulgarian Ministry of Economy, Energy and Tourism is starting its “Energy Efficiency and Green Economy Programme” (EEGEP). It enables small and medium enterprises, which want to utilise renewable energies and energy-efficient measures such as solar heating and cooling, to apply for grants and loans in order to recover part of the investment costs. Whereas the EU Structural Fund Operative Programme “Competitiveness” will provide grants totalling EUR 150 million, the European Bank for Reconstruction and Development (EBRD) scheme “Bulgaria Energy Efficiency for Competitive Industry Financing Facility” (BEECIFF) will offer EUR 150 million worth in low-interest loans.
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Country / Region |
Bulgaria |
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Name of programme
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Energy Efficiency and Green Economy Programme (EEGEP) |
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Type of incentive |
Combination of grants and loans |
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Eligible techno-logies |
The list of eligible materials and equipment, which can be found on www.beeciff.org, also contains solar water heaters. |
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Applicable sectors
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Small and medium enterprises |
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Amount |
Applicants can cover 50% of their project costs with a grant from the Ministry of Economy, Energy and Tourism. To co-finance the second half of the investment, they can also apply for low-interest loans from the EBRD scheme “Bulgaria Energy Efficiency for Competitive Industry Financing Facility” (BEECIFF). |
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Maximum incentive
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The maximum grant per project is EUR 1 million.
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Require-ments for system |
There are no specific system requirements. |
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Require-ments for installation |
There are no specific installation requirements. However, there are two independent programme assistants for technical evaluation and verification issues, who will support applicants in their projects. |
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Finance provider |
Ministry of Economy, Energy and Tourism The loans by the European Bank for Reconstruction and Development (EBRD) are available through six commercial banks (Allianz Bank Bulgaria, DSK Bank Bulgaria, MKB Unionbank, ProCredit Bank Bulgaria, Raiffeisen Bank Bulgaria and UniCredit Bulbank).
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Total funds
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Up to EUR 300 million (EUR 150 million for grants, up to EUR 150 million for loans) |
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Funding sources |
EU Structural Fund Operative Programme “Competitiveness” |
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Effective date |
14 May 2012 |
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Expiration date |
No expiration date set. |
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Website |
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Last review of this tabloid |
April 2012 |
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Contact |
Ministry of Economy, Energy and Tourism Director OP Competitiveness Ms Greta Dobreva Slavyanska Street 8, 1000 Sofia, Bulgaria Phone: +359 2 940 7500; +395 2 940 7501 |
Effective Date:
May 14, 2012
Incentive Program:
