EBRD Lends €20 Million to Sofia Med as Europe Fights to Keep Copper Scrap at Home

Sofia Med The European Bank for Reconstruction and Development has extended a €20 million sustainability-linked loan to Bulgarian copper fabricator Sofia Med, marking the EBRD’s first transaction in Bulgaria to tie interest-rate reductions to green performance targets. The deal is modest in size but structurally significant: it signals that European development finance institutions are now actively funding the downstream copper supply chain — not just mines and smelters — to raise recycled copper content and reduce industrial water consumption across the continent. For procurement manage...