Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Economy Minister demands explanations over loans granted by Bulgarian Development Bank

Economy Minister Kiril Petkov
Photo: BGNES

The caretaker Minister of Economy Kiril Petkov has invited the representatives of the Supervisory Board of the Bulgarian Development Bank (BDB) to explain how they have allowed a concentration of loans for nearly BGN 1 billion /EUR 500 million/ in a total of 8 companies. They will have to say how this funding has helped increase jobs, foster exports and innovation. 
In an interview with Radio Darik, he said the meeting would be broadcast online to let citizens know where their taxes were going. The fact that BDB has given 946 million to 8 companies instead of BGN 100 thousand each to 10 thousand companies explains the lack of efficiency of its activity, the minister said. 
He has demanded that the BNB change the bank's statute so that no more than BGN 5 million (EUR 2.5 million) could be granted to one company.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

A quarter of Bulgarians are willing to maintain friendships with HIV-positive people

Public attitudes towards HIV/AIDS in Bulgaria show that a quarter of Bulgarians are ready to keep friendships with HIV-positive people, BTA reported. Men are slightly more tolerant than women (28% versus 23%). The data are from a..

published on 11/29/24 1:23 PM
Boyko Borissov and Raya Nazaryan

GERB/SDS withdraws its nomination for president of the National Assembly

GERB/SDS has withdrawn its nomination for president of the National Assembly. In the upcoming 8 th attempt to elect a president of parliament, there will be 3 candidates. Vazrazhdane is once again nominating Petar Petrov. There Is Such a People (ITN)..

published on 11/29/24 12:04 PM
Iliana Iotova

Vice President Iliana Iotova: Whether the parliament will survive is up to the political parties

Two very important procedures depend on the election of president of parliament. Talking to reporters, Vice President Iliana Iotova said that if a president of the National Assembly is elected, then a national budget can be submitted and the president..

published on 11/29/24 11:26 AM