In 1994 the Government of the Republic of Bulgaria expressed its interest for achieving ‘Dept-for-Environment’ swap during the negotiations with the Paris Club for Bulgaria’s debt restructuring.
The Government’s declaration is supported by the World Bank and as a result the Bank offered a model for arriving at a swap agreement for the national debt. The Government of the Swiss Confederation proposes a bilateral swap agreement in February 1995, followed by negotiations between the two parties in March same year. The successful discussions were soon followed by an endorsed Protocol in April .The agreement is officially signed on October, 25th 1995 during the Third Environment for Europe Ministerial Conference, which took place in Sofia.
According to the conditions in the ‘Debt-for-Environment’ swap agreement , 20% of the officially guaranteed traded debt to the Swiss Confederation, which amounts to 23 544 000 CHF, are due to be paid from the state budget on eight equal bi-annual payments in BGN by the exchange rate of the Bulgarian National Bank on every payment day. The first payment was made on 31 March 1996, and the last one – on 30 September 1999.
NTEF financed a total of 100 projects. The total amount of the financial support was 26 548 665 BGN. The Fund provided an average of 19% from the total cost of the projects.
DFE Financed Projects by priority areas
Clean-up of past pollution
Air pollution reduction
Water pollution protection
Protection of the biodiversity
DFE Financed Projects by beneficiaries
BAS and others
Reduction of air pollution
Gasification of a total of
- Kindergarten – 77;
- Schools – 80;
- Hospitals and medical centers – 10;
- Community cultural centers – 3;
- Dormitories – 4;
- Social centers for children and old people – 4;
- Other municipal buildings – 23.
Gas purification installations – 2
Low-nitrogen burners for energy boilers – 3
Clean up of past pollutions
A total of
m³ wastes were removed
- From legal municipal landfills in 26 villages and 10 towns;
- From legal landfills in 157 villages, 5 town suburbs, and 4 nature sites.
Closure and recultivation of old landfills in 17 municipalities as part of the DEF Program.
Protection of biodiversity
A total length of
- In national parks – 3;
- In nature parks – 2;
- In protected sites – 1;
- Reintroduction of Balkan chamois – 4;
- Restoration of nature habitats – 4;
- Improvement of water ecosystems – 2;
- Others – 3;
- Scientific research – 3.
Clean water protection
A total of 15 projects for clean water protection were completed – 8 in the Black Sea watershed and 7 in the Danube river basin. The following activities were completed:
- Installation of waste water pumping station – 1;
- Waste water treatment plants installation – 2;
- Sewerage collectors installation – 12.
Wastewater treatment plant in Borovets resort.Read More
Restoration of the Bulgarian wild goat population.Read More
Central Balkan National Park
Rila National Park
Yambol municipality High School ” Vassil Levski” High School “Atanas Radev” High School “V. Karagyozov” Elementary School “Prof. Noykov” School “Dimcho Debelyanov” School “Nikolay Petrini” Kindergarten “Slynce” Kindergarten “Bilyana” Kindergarten “Chrevenata Shapchica”Read More