The municipality will use the funds to finance investment projects in favour of the local community.

UniCredit Bulbank extends a loan of 4 million Bulgarian lev to Nova Zagora municipality after a completed procedure pursuant to the Public Procurement Act. The loan is with a term of 120 months and will be used for financing of several investment projects in favour of the local community.

Mladost Cinema in town will be transformed into a multifunctional sports hall, the street infrastructure will be reconstructed and public recreational areas on the territory of the municipality will be renovated.

“With the present financing UniCredit Bulbank confirms its support of Nova Zagora municipality and the development of the investments in it, as well as its intention for long-term partnership between the two institutions”, said Michele Amadei, Head of Corporate, Investment and Private Banking of UniCredit Bulbank and MB member. He confirmed the bank’s commitment to the development of the local communities and the readiness of UniCredit Bulbank to support the growth of the economy in the region.

On 16 April 2013, with a decision of the mayor of Stara Zagora municipality UniCredit Bulbank was ranked first and was appointed as a contracting party to the public procurement.

The Loan Agreement between UniCredit Bulbank and Nova Zagora municipality was signed in the middle of May.

More information for media:

UniCredit Bulbank, Identity & Communications Department

Viktoria Blajeva, Phone: + 359 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Ekaterina Ancheva, Phone: + 359 2 9264 963, flbufsjob/bodifwbAvojdsfejuhspvq/ch

Magdalena Ivanova, Phone: + 359 2 9232 528, nbhebmfob/jwbopwbAvojdsfejuhspvq/ch