The European Bank for Reconstruction and Development said its newly adopted three-year strategy for Bulgaria will focus on restructuring the power sector, strengthening the infrastructure and developing the country’s financial markets. The bank’s operations will focus on promoting Bulgaria’s transition to a low-carbon economy and enhancing the country’s energy security through investments in renewable energy and new interconnections for delivery of gas and oil, EBRD said in a statement. The bank also said it will continue to invest in enterprises involved in value-added sectors such as manufacturing, agriculture and technology. EBRD plans to encourage private sector participation in the transport services and to promote further commercialisation of municipal companies.In the financial sector EBRD will focus on supporting the banking sector through granting special-purpose loans for energy efficiency projects and extending credit lines for micro lending and leasing services. “Bulgaria is among the more advanced economies in the EBRD region. Continued attention to its remaining reform challenges will reinforce Bulgaria’s strong growth perspective in the long term,” EBRD’s Director for Bulgaria Daniel Berg said in the statement. Since the beginning of its operations in Bulgaria, the EBRD has committed €2.5bn in various sectors of the country’s economy, as well as mobilising additional investment in excess of €5bn.