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

Danube Bridge between Ruse and Giurgiu opens for heavy vehicles

Nearly 24 hours after it was closed, Danube Bridge linking Ruse and Giurgiu is now open for trucks, regional governor Dragomir Draganov said. At 9 a.m. on November 5, trucks were allowed to pass through the facility. On November 4,..

published on 11/5/25 10:17 AM

Tobacco producers oppose phasing out of EU subsidies in the sector

The National Association of Tobacco Producers - 2010 opposes the proposal for banning public support for tobacco cultivation in the EU. A letter to the Ministry of Agriculture quotes the position of the largest European agricultural..

published on 11/5/25 9:21 AM

The Bulgarian Orthodox Church and BSP discuss introduction of religion in schools

In the Synodal Palace, Bulgarian Patriarch Daniil met with the parliamentary group of "BSP - United Left". The delegation of the socialists was led by Deputy Prime Minister and Chairman of BSP, Atanas Zafirov, the Synod of the..

published on 11/5/25 8:45 AM