The Bulgarian National Bank has announced it is launching a targeted supervisory inspection of the Bulgarian Development Bank (BDB) as of tomorrow over the public conflict that has been created. Economy Minister in the caretaker cabinet Kiril..
Two of the 8 companies financed with nearly BGN 1 billion by the state-owned Bulgarian Development Bank have obtained much better interest rates compared to their previous loans, the Minister of Economy Kiril Petkov told BNR. The difference in..
The meeting scheduled for today between the Minister of Economy Kiril Petkov and the eight largest borrowers of loans from the Bulgarian Development Bank (BDB) did not take place after none of the companies invited by Petkov appeared . The minister said..
The caretaker Minister of Economy Kiril Petkov has issued an invitation for a meeting with representatives of the 8 companies that received the largest loans from the Bulgarian Development Bank totalling over 470 million euros. Petkov said the meeting..
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...
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..
Japan, South Korea and Qatar are countries that will also join the Three Seas initiative, because the initiative's priorities are good energy infrastructure and digital connectivity along the north-south axis in Central and Eastern Europe. This was..
A commission for transparency and control of public funds in the Bulgarian Development Bank (BDB) will start work by the end of the week, the Ministry of Economy has reported. The bank which has become 100% state property, will be inspected over..
About half a billion euros have been given by the Bulgarian Development Bank (BDB) to 8 companies, which are anything but small. The fact is that they are associated with several iconic faces. One is Delyan Peevski. For me, this is scandalous because..
Fitch Ratings has revised the outlook on Bulgarian Development Bank’s Long-term Issuer Rating to Positive from Stable and affirmed the Long-Term IDR and Support Rating Floor at “BBB”, announced the international credit rating agency. The revision of..
