The World Bank announced its three-year Country Partnership Strategy (CPS) with Bulgaria today, BTA reported.

It is based upon the country's significant achievements over the last eight years which have ultimately led to its accession to the EU, and seeks to help address key challenges to its successful EU integration, the World Bank said.

The new business model will involve a more flexible approach in defining lending and non-lending activities within the broad CPS strategic priorities, with assistance programmes for the 2007 and 2008-2009 financial years, yet to be agreed to by the Bulgarian Government.