# EBRD provides €4.5 million loan to Biomashinostroene for expansion

The EBRD is providing a €4.5 million loan to Biomashinostroene, a Bulgarian manufacturer of steel equipment for food-processing, pharmaceutical and chemical industries. The company will invest in three new assembly workshops and warehouses to boost capacity.

- Type: Investment
- Announced: 2018-05-17
- Where: Bulgaria
- Value: $5.40M (4.50M EUR)
- Status: announced
- Products: steel equipment for food-processing, pharmaceutical and chemical industries
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Biomashinostroene](https://endata.com/companies/29503.md)
- [European Bank for Reconstruction and Development](https://endata.com/companies/20727.md) (investor)

## Sources

- [ebrd.com](https://www.ebrd.com/home/news-and-events/news/2018/new-ebrd-financing-for-bulgarias-biomashinostroene.html), 2018-05-17: "The EBRD is providing a €4.5 million loan to Biomashinostroene, a leading Bulgarian manufacturer and exporter of steel equipment for the food-processing, pharmaceutical and chemical industries."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.