Fitch Ratings has affirmed Bulgarian Development Bank AD's (BDB) Long-Term Issuer Default Rating (IDR) at 'BBB'. BDB's IDRs are equalised with Bulgaria's (BBB/Positive), reflecting a high probability of support from the sovereign, in case of..
Rebranding Bulgaria as a place for creating high-tech innovations and where good business can be done, which will be attractive to investors. This is what Milena Stoycheva, the minister of Innovation and Growh, said will be the priority in the work of..
The Bulgarian Development Bank (BDB) will help companies in the Manufacturing Industry sector to transition to a green and low-carbon economy through its new Energy Efficiency of Small and Medium Enterprises program. The need for such investments is no..
Bulgaria’s Prosecutor’s Office has terminated the investigation into PM Kiril Petkov’s citizenship. Kiril Petkov was also subject to checks regarding appointments at the Bulgarian Development Bank during his term of office as caretaker Minister of..
On November 26, the talks between “We Continue the Change”, the Bulgarian Socialist Party, “There is Such a People” and “Democratic Bulgaria” on the formation of a regular government with the mandate of “We Continue the Change” continue with a..
The parties trying to form a cabinet will need the support of the Bulgarian Socialist Party, MP Rumen Gechev from BSP forecasted in an interview for the Bulgarian National Radio. The socialist party will not support any prospective cabinet, proposed..
Bulgarian Development Bank has a new supervisory board, announced this country’s caretaker Minister of Economy Kiril Petkov. As of today, the bank will work only for small and medium-sized enterprises which apply for loans amounting to under EUR 2.5..
“One of the 8 companies which are the biggest borrowers from the Bulgarian Development Bank, with a loan amounting to a total of 1 billion Leva, is going to repay 40 million Leva of its debt early,” said Minister of Economy in the caretaker..
Within two weeks, the Bulgarian Development Bank will have a new management, the caretaker Minister of Economy Kiril Petkov has told BNR. The reason he pointed out was the sum of nearly half a billion euros distributed to eight clients and another 900..
Minister of Economy in the caretaker government Kiril Petkov stated, in an interview for bTV, that he will approach the prosecutor’s office over dam repairs with financing from the State Consolidation Company. “That is corruption”, he said,..
