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.
One of the most successful and respected Bulgarian immigrants in Chicago, Hamid Rusev, has passed away, BG VOICE reported. He passed away on August 8. In recent years, Hamid, as everyone in Chicago called him, had been battling complications..
An open Alpine training session will take place today in front of the Rhodope Drama Theatre in the town of Smolyan . The event of the 101st Alpine Regiment of the Army is on the occasion of the International Youth Day. During the event, techniques..
On Monday the weather will be sunny. There will be light to moderate winds from the south-southeast. Maximum temperatures will be between 34°C and 39°C, in Sofia - around 34°C. In the mountains it will be sunny . A light to moderate northerly..
Council of Europe Commissioner for Human Rights Michael O'Flaherty said he was "deeply concerned” by the law passed by the Bulgarian..
The sale of 100% of the shares of Gallup International Balkan, a Zurich-based polling agency, has been finalised. The agency is a traditional partner of..
In the second quarter of 2024, the average gross monthly wage in Bulgaria increased by 4.5% compared to the first quarter of 2024 , reaching BGN 2,296..
Mostly Cloudy
Clear
Partly cloudy, chance of rain