After open procedure under PPA took place to select a managing bank for FLAG, on 1st of December 2017 the Fund signed contract with the best-ranked tenderer – “Unicredit Bulbank” AD. This is the fourth agreement for Management Bank, which FLAG fund has concluded since the beginning of its activity. “Unicredit Bulbank” AD will provide support and assist FLAG on municipal projects financing for 2018-2022 period.

FLAG’s fund has preparedness and provided with financial resources to meet the needs of Bulgarian municipalities during projects implementation for 2014-2020 Programme period.