The Balkan Accession Fund (BAF) had already collected 110 million euro, Dnevnik daily reported.

The amount would be invested in Bulgaria, Romania and other South Eastern Europe countries, it said.

The Netherlands Development Finance Company (FMO), the German Investment and Development Corporation (DEG), The European Bank for Reconstruction and Development (EBRD) and the Black Sea Trade and Development Bank (BSTDB) were among the leading investors in BAF, Dnevnik said.

BAF was connected to the Bulgarian-American Enterprise Fund (BAEF) and to the Romanian-American Enterprise Fund (RAEF). BAEF had the majority stake in Bulgarian-American Credit Bank, Dnevnik said.

BAF had already invested in Bulgaria's Jet Finance and BM Leasing, Dnevnik said.