Fitch Ratings has revised the outlook on Bulgarian Development Bank’s Long-term Issuer Rating to Positive from Stable and affirmed the Long-Term IDR and Support Rating Floor at “BBB”, announced the international credit rating agency. The revision of the outlook follows that on the Bulgarian sovereign rating on February 19, informs BTA.
Bulgarian Development Bank’s Long-term Issuer Rating is equalized with the Bulgarian sovereign rating (BBB/ Positive) to reflect a high probability of support from the Bulgarian sovereign, in case of need. The strong incentive to support the Bulgarian Development Bank is mainly driven by the state’s almost full ownership of the bank and material funding from or guaranteed by the state, Fitch Ratings further informs.
Japan's Sumitomo Electric Bordnetze plans to cease operations at one of its factories in Bulgaria, located in Mezdra, by 2025. Its second factory in Karnobat will continue to operate at reduced capacity, BTA reported. The decision comes as the company..
State-owned dairy company LB Bulgaricum will start modernising its production facility in Vidin in September. The first step will be to renovate the refrigeration units and repave the alleys leading to the workshops and the car park in..
The Minister of Innovation and Growth, Rosen Karadimov, has not given up on the idea of the Bulgarian Development Bank (BDB) granting preferential loans to those working in the public sector. In an interview with BNT, he said that..
The procedure for renewable electricity storage projects under the National Recovery and Resilience Plan is now open and proposals are being accepted...
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