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EBRD boosts Bulgaria's arable land market

In a new boost to Bulgaria's agriculture, the European Bank for Reconstruction and Development (EBRD) is providing a EUR 5 million to loan to Elana Agrocredit, a local business offering long-term financial lease contracts to farmers seeking to acquire agricultural land. This is the second EBRD loan for the company and aims to support the development of Bulgaria's agricultural land market. As the economic significance of agriculture is growing, private land ownership is expected to lead to further investments that will modernise the sector and support the sustainable use of land.
Elana Agrocredit offers long-term financial lease contracts to farmers seeking to acquire land.

 
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