Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgarian Development Bank limits amount of loans to companies

Caretaker economy minister Kiril Petkov
Photo: BGNES

Bulgaria's caretaker Minister of Economy Kiril Petkov has fired the members of the Supervisory Board of the state-run Bulgarian Development Bank (BDB) Mitko Simeonov and Velina Burska. This happened after the two refused to meet with the minister. Petkov said this was a signal where there might be opacity in the bank's management. Vasil Shtomov and Valentin Mihov, who must be approved by the BNB, have been proposed as replacements.
No more money will be distributed without strict rules, said the Minister of Economy, setting a limit that the loan for each individual company cannot exceed 2.5 million euros. 
The minister has summoned representatives of the 8 companies which have received loans from BDB totalling more than 470m euros to a meeting on May 28.



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

Second day of boycotting big grocery chains announced on February 20

Public organizations in Bulgaria have announced a second day of boycott of grocery chains for February 20 , after reporting the success of the first such initiative in our country.  On the first day of the boycott, according to data from the..

published on 2/20/25 7:35 AM

Bulgarian Parliament to hear cabinet ministers on US "questionnaire" related to Ukraine peacekeeping operation

The Bulgaria Parliament will hear today the Minister of Defense Atanas Zapryanov and the Minister of Foreign Affairs Georg Georgiev about a "questionnaire" prepared by the US on topics related to Bulgaria's readiness to participate in a special military..

published on 2/20/25 6:05 AM
A white fairy tale from Burgas!
Photo: Marina Kirova in the Facebook group

Frosty weather, subzero temperatures expected in almost all regions of Bulgaria on Thursday

On Thursday, the minimum temperatures in Bulgaria will be between minus 14 °C and minus 8°C. In Sofia, it will be around minus 12°C. The day will be sunny but frosty. The thermometer values ​​in most places will be negative. Before noon, there will be..

published on 2/19/25 7:05 PM