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Two of BDB's top companies received better interest rates on loans

published on 5/30/21 2:13 PM

Caretaker economy minister Kiril Petkov

Photo: Ani Petrova, BNR

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 interest rates is about 5% - Technomarket has received a loan with an interest rate of 2% at a previous interest rate of 7%, while the ratio at Transpect is 4% to 9%.

The Minister clarified that the interest rate proposals were made by the Management Board of the bank.

"When BGN 1 billion of taxpayers' money is spent, it's not wrong to worry about why this was done," he said.

Kiril Petkov pointed out two more "worrying places" with a priority focus on work - the State Consolidation Company and the Bulgarian Insurance Agency.

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Radio Bulgaria News BDB Bulgarian Development Bank economy minister Kiril Petkov loans