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

Bulgarian Development Bank limits amount of loans to companies

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!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

There is no direct threat to Bulgaria from the escalation of tension in the Middle East

At the moment, there is no direct threat to our country stemming from the sharp deterioration of the security environment in the Middle East, President Rumen Radev announced after the three-hour meeting of the Consultative Council on..

published on 10/4/24 2:26 PM
Caretaker Defence Minister Atanas Zapryanov

Bulgaria must be prepared for all scenarios in the Middle East: Defence Minister Atanas Zapryanov

We must be prepared for the worst-case scenario because the situation is escalating after Iran’s direct attack against Israel, said caretaker Minister of Defence Atanas Zapryanov for public service TV BNT. “We have response steps which is the next..

published on 10/4/24 10:51 AM

Rose oil production up by 10% in 2024

10,335 tons of roses have been produced in Bulgaria in 2024, almost 1,000 tons more than last year, the Consultative Council on Oil Bearing Roses says. There are almost 3,000 rose producers registered in the country, and 53 rose oil distilleries..

published on 10/4/24 9:59 AM