Podcast in English
Text size
Bulgarian National Radio © 2024 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

Veliko Tarnovo

British and Australian musicians perform on the "Art Summer" stage in Veliko Tarnovo

Musicians from Australia and Great Britain will perform on July 13 in Veliko Tarnovo, on the "Art Summer" open stage next to the Boris Denev Art Gallery. The music of the band David Dower Trio combines jazz, rock and Bulgarian musical influences...

published on 7/13/24 8:05 AM

Orange weather alert for dangerously hot weather remains in place nationwide

Saturday will be sunny and hot. Clouds will form in the afternoon, and there may be brief showers in isolated places in the Eastern part of the country. Minimum temperatures 18-23° C., for Sofia 18° C. Maximum temperatures 35-40° C., for Sofia 35°..

published on 7/12/24 6:30 PM

33 years have passed since the adoption of the new Constitution of Bulgaria

On this day in 1991 the Seventh Grand National Assembly adopted the new Constitution of Bulgaria and dissolved itself, BTA recalls. This was the first new constitution in the former socialist camp, which came into effect the very next day, July 13.  On..

published on 7/12/24 5:49 PM