BDB's IDRs are equalised with Bulgaria's (BBB/Positive), reflecting a high probability of support from the sovereign, in case of need, as expressed by its Government Support Rating (GSR) of 'BBB'. BDB's GSR is primarily driven by its full state ownership. Fitch considers that there is limited scope for bail-in of BDB's senior creditors that would be politically acceptable for the state, given its development bank status. BDB has policy bank status, with its development mandate determined by a dedicated legal act. This act defines BDB's role as the primary provider of financial support to small- and medium-sized enterprises (SMEs) as well as a participant in projects that have priority to the national economy.
For the first time, Bulgaria’s Minister of Finance Temenuzhka Petkova took part as an observer in the regular meeting of the Eurogroup held in Luxembourg, the Ministry of Finance said. Until now, Bulgaria has only participated in Eurogroup..
Since the beginning of the current year, Bulgaria has experienced record heat waves, a series of devastating fires, and a new disaster just days ago – catastrophic floods that claimed human lives . Climate change already has its price – and it is..
Bulgaria will receive EUR 7.4 million in aid from the European Commission to support farmers affected by adverse production conditions in recent months, European Commissioner for Agriculture and Food Christophe Hansen told BTA and clarified that the..
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