BDB's IDRs are equalised with Bulgaria's (BBB/Positive), reflecting a high probability of support from the sovereign, in case of need, as expressed by its Government Support Rating (GSR) of 'BBB'. BDB's GSR is primarily driven by its full state ownership. Fitch considers that there is limited scope for bail-in of BDB's senior creditors that would be politically acceptable for the state, given its development bank status. BDB has policy bank status, with its development mandate determined by a dedicated legal act. This act defines BDB's role as the primary provider of financial support to small- and medium-sized enterprises (SMEs) as well as a participant in projects that have priority to the national economy.
Bulgaria will request the suspension of egg imports from Ukraine at the upcoming Agriculture and Fisheries Council meeting in Brussels on September 23, caretaker Minister of Agriculture and Food Minister Georgi Tahov said at a meeting with farmers..
All non-household consumers will be compensated for the high cost of electricity by the end of the year, the government has decided. The European Commission has given the green light for the subsidy, the energy minister said. According to..
The Romanian National Company for Road Infrastructure Administration (CNAIR) has announced a tender for a feasibility study for the construction of a new bridge over the Danube River between Giurgiu in Romania and Ruse in Bulgaria, reports..
Bulgaria has today received its first delivery of natural gas from the new Alexandroupolis terminal in Greece. The facility has been in commercial..
On October 4, 1974, the construction of the Hemus Motorway from Sofia to Varna started. Back then, the chairman of the State Council and..
2024 is the best year since tourism statistics have been in existence – revenues, accommodation, number of tourists and tourist registrations, number of..
+359 2 9336 661