To provide financing to SMEs, the Bulgarian Stock Exchange has teamed up with the Bulgarian Development Bank and the Ministry of Innovation and Growth to set up a pilot investment fund with an initial capital of a minimum of 5.1 million euros (US$5.5 million). BDB has committed an investment of 1,022,583 euros that is likely to increase many times depending on the upcoming talks aimed at securing financial commitments from other institutional investors and global financial institutions. The proposed pilot fund will support initial public offerings of Bulgarian SMEs, which decide to raise growth capital, while ensuring transparency in evaluating the investment projects.
