Text size

Two of BDB's top companies received better interest rates on loans

published on 5/30/21 2:13 PM

Caretaker economy minister Kiril Petkov

Photo: Ani Petrova, BNR

Two of the 8 companies financed with nearly BGN 1 billion by the state-owned Bulgarian Development Bank have obtained much better interest rates compared to their previous loans, the Minister of Economy Kiril Petkov told BNR.

The difference in interest rates is about 5% - Technomarket has received a loan with an interest rate of 2% at a previous interest rate of 7%, while the ratio at Transpect is 4% to 9%.

The Minister clarified that the interest rate proposals were made by the Management Board of the bank.

"When BGN 1 billion of taxpayers' money is spent, it's not wrong to worry about why this was done," he said.

Kiril Petkov pointed out two more "worrying places" with a priority focus on work - the State Consolidation Company and the Bulgarian Insurance Agency.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News BDB Bulgarian Development Bank economy minister Kiril Petkov loans

More from category

Delyan Peevski says he can form a cabinet if given the opportunity

The leader of “МРФ – New Beginning” Delyan Peevski has expressed his readiness to take the post of prime minister. “When we are the first party, I will form a government,” he said on the sidelines of the National Assembly. “If the Bulgarians give..

published on 11/28/24 2:51 PM

Boyko Borisov: There is no chance for GERB-SDS, PP-DB, BSP-United Left and ITN to form a cabinet

The chairman of GERB Boyko Borisov once again stated that the winning formula for forming a regular government is for it to be supported by GERB-SDS, “We Continue the Change – Democratic Bulgaria”, “BSP – United Left” and ITN. However, he clarified that..

published on 11/28/24 2:42 PM

Between 80 and 90% of water for domestic and industrial needs is lost in Bulgaria's water transmission network

Due to the poor condition of the water transmission network, nearly half a billion cubic meters of water are irretrievably lost annually . On this occasion, Caretaker Environment Minister Petar Dimitrov called for work to improve and repair the water..

published on 11/28/24 2:15 PM