A commission for transparency and control of public funds in the Bulgarian Development Bank (BDB) will start work by the end of the week, the Ministry of Economy has reported. The bank which has become 100% state property, will be inspected over procedures for granting loans totaling over 500,000 euros. The commission said the largest borrowers were 3 companies with loans over EUR 71 million, two companies with loans of over 59 million euros and three companies with 30 million euros each.
Among them are companies related to Delyan Peevski, the Domuschiev brothers and others. Former Minister of Economy Lachezar Borisov said there was "nothing worrying" about the fact that the biggest borrowers from the Bulgarian Development Bank were companies owned by major businessmen.
The bank has been repeatedly criticized for not fulfilling its main function - supporting small and medium-sized businesses.
BDB said it would provide full cooperation to the inspectors.
PP-DB will not support a candidate for Speaker of the 51st Parliament from any party that has not supported the coalition's declaration for a cordon sanitaire against Delyan Peevski. They pointed out that this was the only way to..
The trial of six Bulgarians accused of spying for Russia continues in the United Kingdom. The head of the "spy cell" Orlin Rusev and Biser Dzhambazov pleaded guilty. Three others - Katrin Ivanova, Vanya Gaberova and Tihomir..
Today's eighth attempt by the Bulgarian MPs to elect a speaker of the National Assembly also proved unsuccessful. At the beginning of the day, there was a ray of hope that this time the people's representatives would reach a..
The financial effect of our country's accession to Schengen by land will amount to BGN 1.63 billion (EUR 833.4 million) per year, according to a study..
The Ministry of Transport and Communications supports the idea of naming Sofia Airport after Vasil Levski– the most undisputed figure in Bulgarian..
On the occasion of World AIDS Day, observed on December 1, volunteers from the Bulgarian Red Cross Youth in Sofia will light tealights on the Lovers'..
Mostly Cloudy
Rain
Scattered showers
Cloudy
Snow
Rain / Snow
Cloudy