Podcast in English
Text size
Bulgarian National Radio © 2025 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

Israel investigates the death of the Bulgarian UN worker in Gaza

Bulgaria’s Minister of Foreign Affairs Georg Georgiev had a phone conversation with his Israeli counterpart Gideon Sa'ar. Israel’s Foreign Minister Gideon Sa'ar expressed condolences to the family of the Bulgarian who died in Gaza . Gideon Sa'ar..

published on 3/20/25 8:36 AM

Trade unions organize protest for decent wages in public sector

One of the two major trade unions in Bulgaria - the Confederation of Independent Trade Unions in Bulgaria (CITUB), is organizing a protest under the motto "We want a visible increase in wages with Budget 2025. .   Trade unions: Additional..

published on 3/20/25 6:05 AM

The Netherlands, Italy and Spain are leading destinations for Bulgarian prospective students

Currently, the Netherlands remains the leading destination for Bulgarian prospective university students, followed by Italy, Spain, Austria and Belgium, reported the consultants from ''Integral'', which is the organizer of the World Education Forum. They..

published on 3/20/25 6:05 AM