Economy Minister demands explanations over loans granted by Bulgarian Development Bank

published on 5/22/21 4:48 PM

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!

Radio Bulgaria News BDB Bulgarian Development Bank Kiril Petkov loans

More from category

GERB/SDS withdraws its nomination for president of the National Assembly

GERB/SDS has withdrawn its nomination for president of the National Assembly. In the upcoming 8 th attempt to elect a president of parliament, there will be 3 candidates. Vazrazhdane is once again nominating Petar Petrov. There Is Such a People (ITN)..

published on 11/29/24 12:04 PM

Vice President Iliana Iotova: Whether the parliament will survive is up to the political parties

Two very important procedures depend on the election of president of parliament. Talking to reporters, Vice President Iliana Iotova said that if a president of the National Assembly is elected, then a national budget can be submitted and the president..

published on 11/29/24 11:26 AM

Sheep infected with smallpox in Zhelyo Voivoda village to be euthanized

In Zhelyo Voivoda village, a flock of sheep infected with smallpox will be euthanized after laboratory tests confirmed that the animals are indeed infected. BNR’s correspondent in Sliven reports, citing the local administration, that the animals..

published on 11/29/24 10:47 AM