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The Council of Ministers has proposed that Parliament ratify a guarantee for the EUR 100 M withdrawn by the Bulgarian Development Bank (BDB) from Germany’s KfW, reported the government’s press centre.
The credit contract is part of a series of loans of BDB with which it secures funds from international banks for the implementation of the National Energy Efficiency Programme for multi-family residential buildings.
The ratification of the guarantee, payable on first demand, is a precondition for the granting of the funds.
The option of issuing a guarantee has been stipulated in the State Budget Act for 2016.
Bulgaria is moving toward a framework that would allow the state to take part in a possible acquisition of Lukoil’s Bulgarian operations
Fitch Ratings has upgraded the long-term credit rating of the Bulgarian Development Bank (BDB) from 'BBB' to 'BBB+', assigning it a stable outlook
The Sofia City Court has granted permission for the issuance of a European Arrest Warrant for Bulgarian national Stoyan Mavrodiev, the former executive director of the Bulgarian Development Bank (BDB)
Stoyan Mavrodiev, the former head of the Bulgarian Development Bank (BDB), has been declared a national wanted person
In the case surrounding a nearly 150 million leva loan from the Bulgarian Development Bank (BDB) to a company linked to Rumen Gaitanski - "The Wolf", three individuals have now been charged
Yesterday, authorities from the Anti-Corruption Commission, along with prosecutors and police, conducted operations at properties and offices linked to businessman Rumen Gaitanski, known as "The Wolf"
A recent study by the Association for Responsible Non-Banking Lending (AONK) shows that nearly a quarter of Bulgarians have used quick loans at least once in their lives. The findings were presented by the organization’s chairman, attorney Nikolay Tsvetko
Bulgaria has effectively completed its transition to the euro, with the bulk of the leva already withdrawn from circulation.
Bulgaria’s economy expanded by 3.0% in the fourth quarter of 2025 compared to the same period in 2024, according to preliminary figures from the National Statistical Institute. On a quarterly basis, seasonally adjusted data indicate a growth of 0.8% relat
Bulgaria has effectively completed the transition period for adopting the euro, though formal legal adoption remains pending
Bulgarian National Bank Governor Dimitar Radev took part in a meeting of EU Heads of Mission held under the European Presidency of the Republic of Cyprus
As of February 27, 2026, the withdrawal of leva banknotes and coins and their replacement with euro cash is proceeding under the established legal framework and operational plans, the Bulgarian National Bank (BNB) reported.
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