A commission for transparency and control of public funds in the Bulgarian Development Bank (BDB) will start work by the end of the week, the Ministry of Economy has reported. The bank which has become 100% state property, will be inspected over procedures for granting loans totaling over 500,000 euros. The commission said the largest borrowers were 3 companies with loans over EUR 71 million, two companies with loans of over 59 million euros and three companies with 30 million euros each.
Among them are companies related to Delyan Peevski, the Domuschiev brothers and others. Former Minister of Economy Lachezar Borisov said there was "nothing worrying" about the fact that the biggest borrowers from the Bulgarian Development Bank were companies owned by major businessmen.
The bank has been repeatedly criticized for not fulfilling its main function - supporting small and medium-sized businesses.
BDB said it would provide full cooperation to the inspectors.
Clouds will break over the western half of the country overnigh t, becoming mostly clear, while rain will continue to fall over the east. Friday will be mostly sunny. There will be light winds, mainly from the north. Minimum temperatures will be between..
Prime Minister Dimitar Glavchev and Deputy Foreign Minister Ivan Kondov met at the Council of Ministers with relatives of the Bulgarian sailors on board the hijacked ship Galaxy Leader, where Glavchev assured that efforts to secure their release were..
The Bulgarian Parliament has finally postponed the liberalisation of the energy market for one year, starting from 1 July. The decision was taken with 152 votes in favour - of GERB-CDS, MRF, Vazrazhdane, "BSP for Bulgaria" and ITN. 35 PP-DB MPs..
MEPs are concerned about Russian interference in the upcoming elections on June 9, and the properties on the territory of Bulgaria currently owned by..
On Thursday , a cold atmospheric front will pass through the country. It will be rainy with thunders over the whole of Bulgaria. There..
Members of Parliament observed a minute of silence to honor the victims of the Armenian Genocide in the Ottoman Empire (1915-1916). April 24 was..
Occasional showers
sunshine, cloud, rain and thunder
Rain