PROJECT

Projects

Summary of Investment Information

Project Number

34665

Company Name

BULMARKET DM OOD

Date SPI Disclosed

Oct 24, 2014

Country

Bulgaria

Region

Europe

Projected Board Date

Nov 28, 2014

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry MAS LAC & EUR

Industry

Manufacturing

Previous Events

Approved : Jun 18, 2015
Signed : Jul 1, 2015
Invested : Dec 29, 2015

Sector

All Other Chemical Product

Project Description

The company - Bulmarket DM is headquartered in Ruse, a city located next to the Danube river in Bulgaria. In addition to its operations in Ruse, it owns LPG terminals in Byala, Plovdiv, Sofia and Kyustendil in Bulgaria as well as Galati and Giurgiu in Romania.

The proposed project will finance (i) the Company’s core LPG business line through the development and expansion of three terminals in Ruse, Sofia and Plovdiv; (ii) the development of a new LNG business both for wholesale trade and business to business distribution; and (iii) the refinancing of short term debt.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation