Within two weeks, the Bulgarian Development Bank will have a new management, the caretaker Minister of Economy Kiril Petkov has told BNR. The reason he pointed out was the sum of nearly half a billion euros distributed to eight clients and another 900 million to another twelve under unknown conditions.
"This is absolutely inappropriate use of state funds aimed to support small and medium-sized businesses," the minister said, adding that "there is a terrible delay and lack of information." He also said that he introduced a limit of BGN 5 million (about 2.5 million euros) for loans, which would be used primarily by export-oriented small and medium-sized companies.
The majority in parliament overcame the president's veto on the Investment Promotion Act. The bill was passed in second reading on October 24, but President Rumen Radev vetoed parts of it, arguing that the proposed rules specifically..
Deputy Prime Ministers and Ministers of Transport Grozdan Karadzhov and Aleksandar Nikoloski signed an agreement in Gyueshevo for the construction of a railway tunnel between Bulgaria and the Republic of North Macedonia. The facility..
The police have neutralized an organized crime group that transported migrants from Burgas through Sofia to the Serbian border, Sofia District Prosecutor Natalia Nikolova said at a briefing. She indicated that 13 addresses were..
Birth rate in Bulgaria has decreased by 33% over the past three decades. In 1994, 79,442 live births were registered in the country, while in 2024 the..
The police have neutralized an organized crime group that transported migrants from Burgas through Sofia to the Serbian border, Sofia..
The majority in parliament overcame the president's veto on the Investment Promotion Act. The bill was passed in second reading on..
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