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

Christine Lagarde

Christine Lagarde: Joining the eurozone is just the beginning

The euro will help, but it does not on its own guarantee higher standards of living, said Kristalina Georgieva, Managing Director of the International Monetary Fund, at the high-level conference in Sofia titled ''Bulgaria on the Doorstep of the..

published on 11/4/25 11:40 AM

Premier Zhelyazkov: The euro is not just a currency, but a strategic choice

The adoption of the euro from January 1, 2026, is "one of the most important stages in Bulgaria's European path'', said Premier Rosen Zhelyazkov at the high-level conference titled "Bulgaria on the Doorstep of the Eurozone" held in Boyana Residence in..

published on 11/4/25 10:30 AM

A European Parliament committee will monitor road safety in Bulgaria

The European Parliament’s Committee on Petitions (PETI) has decided to monitor the state of road safety in Bulgaria. The decision came after hearing a petition submitted by Rosalina Gadyuchkova, a Bulgarian citizen living in the United Kingdom.  The..

published on 11/4/25 9:54 AM