Bulgaria to assist Macedonian development bank in EU funds utilisation.

By bne IntelliNews January 27, 2010
The state-owned Bulgarian and Macedonian development banks signed a co-operation agreement, providing the Macedonian banks with assistance for attracting and utilising the EU funds. The focus of the agreement are the guarantee and credit lines, provided by the Union . The Bulgarian bank will also provide its know-how on attracting financial resources from international financial institutions on projects that do not have state guarantee. The two banks will also co-finance projects and will work for co-operaiton between the businesses of the two countries.

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