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Fund For Local Authorities and Governments in Bulgaria - Nalas

Fund For Local Authorities and Governments in Bulgaria - Nalas

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Established by the Council of M<strong>in</strong>isters as a commercial<br />

company (jo<strong>in</strong>t stock company). The fund represents a<br />

f<strong>in</strong>ancial <strong>in</strong>strument of the central government policy for<br />

regional development.<br />

Objective - to provide f<strong>in</strong>ancial assistance to<br />

municipalities <strong>in</strong> the process of develop<strong>in</strong>g <strong>and</strong><br />

implement<strong>in</strong>g viable <strong>in</strong>vestment projects funded by the<br />

Structural <strong>Fund</strong>s, Cohesion <strong>Fund</strong>, <strong>and</strong> European<br />

Agriculture <strong>Fund</strong> for Rural Development.

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