Bulgarian Development Bank

The Bulgarian Small and Medium Enterprises Promotion Agency and the Bulgarian Development Bank are co-organizers of the hybrid event, which will be held on December 9 and 10, 2021 at the Grand Hotel Millennium Sofia, as well as online.

Fitch Ratings announced on October 1 that they had affirmed Bulgarian Development Bank AD's (BDB) Long-Term Issuer Default Rating (IDR) at 'BBB'. The Outlook on the Long-Term IDR is Positive.

The BDB reported the news in a press release on Tuesday.

The changes in the supervisory and management boards of the Bulgarian Development Bank (BDB), requested by the Minister of Economy Kiril Petkov, have already been entered in the Commercial Register.

The Bulgarian Development Bank has stated to the European Commission its desire to attract additional funds for the rehabilitation and development of small and medium-sized businesses. This will be done through the InvestEU program. The total resource that the bank will be able to have is up to BGN 1.7 billion.

The Sofia City Court (SCC) issued an opinion on Saturday in connection to what they deem an unprecedented statement made by caretaker Economy Minister Kiril Petkov on June 25, 2021 in the Panorama programme on Bulgarian National Television. Petkov's statement assessed a SCC decision in an unacceptable manner, the disseminated opinion reads.

The Management Board of the Bulgarian Development Bank (BDB) Monday refused to provide the bank's audit committee with information on the BDB's credit files, caretaker Economy Minister Kiril Petkov told reporters on Tuesday. In his words, the refusal read, "The information on the credit files is ready, but we will not give it to you."

Caretaker Minister of Economy Kiril Petkov removed from office members of the current Supervisory Board of the Bulgarian Development Bank (BDB), Dimitar Simeonov and Velina Burska. The proposed replacements are Vasil Shtonov and Valentin Mihov.

Japan, South Korea and Qatar are countries that will also join the Three Seas initiative, because the initiative's priorities are good energy infrastructure and digital connectivity along the north-south axis in Central and Eastern Europe. 

The Bulgarian Development Bank (BDB), which by law has to support small businesses, has granted loans worth of BGN 946 only to eight private companies. Four of them may be indirectly related to Delyan Peevski, announced in his first television interview caretaker Minister of Economy Kiril Petkov.

A special commission will inspect  Bulgarian Development Bank (BDB) to see why it has financed eight persons, 4 of whom may be indirectly linked to famous businessman and former MP Delyan Peevski.

This was announced by the caretaker Minister of Economy Kiril Petkov in an interview with BTV.