Indicative Budget of the Instrument

28 million BGN (14.3 million EUR)

Implementation Mechanism

Financing with risk-sharing, provided through the Fund Manager of Financial Instruments in Bulgaria (FMFIB) using funds from the "Environment" Program (EP) 2021–2027. The aim is to partially share the risk associated with financing provided by financial intermediaries to eligible final recipients.

Objectives of the Instrument

Providing investment/working capital financing and/or financial leasing under favorable conditions to target final recipients for investments aimed at:

• Reducing the amount of municipal waste sent to landfills and increasing the share of separately collected and recycled waste, supporting the transition to a circular economy, including:
  • Measures for recycling municipal, industrial, and construction waste, carried out by recycling enterprises. This can include activities for the pre-treatment of separately collected waste and/or separate collection of waste destined for recycling.
  • Measures targeting municipal waste management obligations under the Waste Management Act, primarily focusing on Regional Waste Management Systems (RWMS) that require upgrades or expansions of their separate collection and recycling systems for biodegradable waste, as well as preparation for reuse, as identified in Bulgaria's National Waste Management Plan (NWMP) for the period 2021–2028.

Source of Public Funding

"Environment" Program (EP) 2021–2027, co-financed by the European Regional Development Fund and the state budget.

Current Stage of the Instrument

Structuring and preparation of tender pack