Bulgarian Development Bank limits amount of loans to companies

published on 5/27/21 12:48 PM

Caretaker economy minister Kiril Petkov

Photo: BGNES

Bulgaria's caretaker Minister of Economy Kiril Petkov has fired the members of the Supervisory Board of the state-run Bulgarian Development Bank (BDB) Mitko Simeonov and Velina Burska. This happened after the two refused to meet with the minister. Petkov said this was a signal where there might be opacity in the bank's management. Vasil Shtomov and Valentin Mihov, who must be approved by the BNB, have been proposed as replacements.

No more money will be distributed without strict rules, said the Minister of Economy, setting a limit that the loan for each individual company cannot exceed 2.5 million euros.

The minister has summoned representatives of the 8 companies which have received loans from BDB totalling more than 470m euros to a meeting on May 28.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Bulgarian Development Bank economy minister Kiril Petkov loans

More from category

Protest against the adoption of the euro to be held on February 22

The Vazrazhdane parliamentary party is organizing a protest on February 22 in front of the Bulgarian National Bank against Bulgaria's entry into the Eurozone and for preserving the Bulgarian lev. Other parties and civil organizations are expected..

published on 2/18/25 5:10 PM

Ex-PM Boyko Borisov: Not a single Bulgarian soldier will go to Ukraine

No Bulgarian soldier will go to Ukraine. This was stated by GERB leader and ex-premier Boyko Borisov in a video statement on his Facebook page. He pointed out that this was a decision of GERB and the party's parliamentary group from June 2024 and is..

published on 2/18/25 3:32 PM

At the official opening of the 10th International Agricultural Exhibition AGRA in Plovdiv

4% of Bulgaria's GDP is created by the agricultural sector

The agriculture sector in Bulgaria maintains its stability, providing employment to 6% of the population and forming about 4% of the country's GDP. This is shown by current data on the state of the sector, presented by the Minister of Agriculture..

published on 2/18/25 3:14 PM