PM Borisov: Bulgarian Development Bank Management to be Dismissed

Business » FINANCE | April 8, 2020, Wednesday // 10:05| Views: | Comments: 0
Bulgaria: PM Borisov: Bulgarian Development Bank Management to be Dismissed

Prime Minister Boyko Borissov announced that he had ordered the dismissal of the CEO and the board of the Bulgarian Development Bank.

The Bulgarian prime minister stated that the reason for this decision was that the bank granted a loan of EUR 32.5 million /BGN 75 million/ to a company with a revenue of EUR 1,000 /BGN 2,000/.

Yesterday Deputy Prime Minister Tomislav Donchev urged the bank to explain why it has granted a multi-million credit to a company with no activity or assets as security for such a debt./ BNR

We need your support so can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Advertisement All Are Welcome! Join Now!
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria