Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

The State Consolidation Company has put up state-owned companies as credit collateral, economy minister says

Bogdan Bogdanov
Photo: BTA

After Bulgaria joins the Schengen area and the Eurozone we expect the GDP to go up by 5% in the first 1-2 years, said Minister of Economy Bogdan Bogdanov for public service TV BNT. He pointed out that the most important mission for 2024 remains accession to the Schengen area by land.

The State Consolidation Company, SCC, comprises 16 companies, Minister Bogdanov said further. The SCC has put up many of these companies as collateral for credits, among them LB Bulgaricum, the Institute for Military Research in Kazanlak, Kintex, Avionams. “Kintex is even on the list of companies which cannot be put up for privatization,” Bogdan Bogdanov said. “How can we shut down the State Consolidation Company at a time these companies have been put up as collateral and can be sold off? Our aim is to get them released,” Minister Bogdanov said. 



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

The value of the small consumer basket in Bulgaria has not changed in a year

Butter and vegetable oil are the products that have increased in price the most over the year. The retail price of vegetable oil will range between 3 and 5 BGN (EUR 1.5-2.5) per liter until the new harvest.  The value of the small consumer basket,..

published on 11/29/24 5:05 PM

Financial Supervision Commission: The assets of private pension funds have reached EUR 13 billion

The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year.  As of September 30, 2024, the number of..

published on 11/21/24 5:30 PM

Bulgarian economy registers upsurge, yet unevenly distributed over different regions

There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..

published on 11/19/24 11:51 AM