BSTDB Invests EUR 40 million to Support Bulgaria’s Energy Security and Regional Integration
Financing Will Strengthen Bulgarian Energy Holding
In a strategic move to advance energy resilience, sustainable infrastructure, and economic integration in the Black Sea region, the Black Sea Trade and Development Bank (BSTDB) has invested EUR 40 million in the latest bond issuance by the Bulgarian Energy Holding EAD (BEH), Bulgaria’s state-owned energy leader and a major electricity exporter in the Balkans.
The BSTDB financing will support BEH in implementing strategic investment projects in the country, particularly the modernization of the national electricity transmission infrastructure. These investments aim to strengthen the country’s energy security, improve system reliability, and contribute to broader economic development.
The investment also supports the goals of the Black Sea Economic Cooperation (BSEC) agenda by fostering infrastructure connectivity and sustainable energy systems — key pillars of regional development and integration among BSEC Member States.
“Energy sector development is one of BSTDB’s top priorities in Bulgaria and across the Black Sea region,” said Dr. Serhat Köksal, President of BSTDB. “We are pleased to continue supporting Bulgarian Energy Holding’s investment programme, which aligns with our mandate to promote regional economic cooperation and integration. Enhancing energy infrastructure not only serves national needs but also contributes to a more connected and resilient Black Sea energy market.”
“It is a pleasure to recognize BSTDB as a valued partner supporting our ongoing efforts in the energy sector. This partnership reflects our shared commitment to the development of key strategic projects that will strengthen energy security and promote sustainable development not only in Bulgaria, but across the wider region. We deeply appreciate BSTDB’s support and expertise, and we look forward to continuing our successful cooperation in the years to come,” said Valentin Nikolov, CEO of Bulgarian Energy Holding.
Bulgarian Energy Holding EAD is the parent company of a group of subsidiaries and affiliates active in electricity generation, transmission, and supply, as well as natural gas transmission, supply, storage, and coal mining. BEH plays a central role in Bulgaria’s energy landscape, owning and operating the country’s main electricity generation assets, the national electricity transmission grid, and the gas transmission and transit network. As the public supplier of electricity and gas, it is a strategically vital institution for both domestic energy stability and regional energy cooperation.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.
Contact: Haroula Christodoulou
: @BSTDB
