Raiffeisenbank Bulgaria has extended a long-term loan to the municipality of Pleven, northern Bulgaria, to fund its investment projects, the lender said on Monday. The finance amounts to BGN 13.4 million and has been provided for a period of ten years.

The funds will be used for repairs and rehabilitation of streets, the construction of a swimming pool, for energy efficient street lighting and drainage of underground water in the village of Bohot.