Margrethe Vestager

Council of Ministers Approves Bulgarian Development Bank to Acquire Shares of Fibank

 

At a meeting in the Council of Ministers on June 12, the Government discussed a Draft Protocol Decision on actions taken by Bulgarian Development Bank AD (BDB) to acquire shares from the capital increase of First Investment Bank (FiBank).

Bulgarian State Acquires 26% of Fibank Due to ERM-2

The Bulgarian state and an anonymous party participated in the auction for 110 million securities, which allow raising 100 million euros from First Investment Bank - Fibank. The capital increase is a condition for Bulgaria to apply for the waiting room of the Eurozone - ERM-2.    Bulgaria's Minister of Economy Emil Karanikolov has confirmed the purchase, but did not specify in what form it was

The EC Approves a €150 Million Bulgarian Scheme to Support SMEs

The European Commission has approved a €150 million (approx. BGN 294 million) Bulgarian scheme to support small and medium-sized enterprises (SMEs) in the context of the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020.

PM Orban's working visit to Brussels continues; meeting with EP President Sassoli, on agenda

Prime Minister Ludovic Orban continues his three-day visit to Brussels on Wednesday. Prime Minister Ludovic Orban is meeting on Wednesday with European Parliament President David Sassoli and afterwards the two officials are to hold a joint press conference.

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