The Bulgarian Development Bank and the International Investment Bank have signed a memorandum of cooperation through which Bulgarian companies will benefit from project funding. The document contains provisions about syndicated loans for Bulgarian enterprises interested in expanding their business and making new investments. The US Citibank has also shown its support for Bulgarian companies by adhering to EU-funding programs.

Small and medium-sized companies in Northwestern Bulgaria will benefit from EU funding for the improvement of production capacity. The Economy Minister, Bozhidar Lukarski, made the announcement during the presentation of the new Innovations and Competitiveness Operational Program, also stressing Bulgarian companies will be granted the funds with priority.

The global real estate adviser Cushman & Wakefield reported Bulgaria as the world’s third most attractive outsourcing location in 2015. Bulgarian companies in the outsourcing sector have moved eleven positions up, from last year’s 14^th place. The report takes into account the costs, risks and operating environment that successfully influence the business process of the outsourcing companies.