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The Bulgarian Development Bank (BDB) has signed a new agreement for the issuing of a counter-guarantee with the European Investment Fund (EIF) under the COSME programme in support of small and medium-size enterprises in Bulgaria.
The aim is to facilitate access to long-term, low-interest credits to firms in the country, while simultaneously easing the requirements for the securing of collateral on credits, reported investor.bg.
BDB will now be able to cover up to 60% of the risk on the credits of commercial banks with which it is a partner.
The COSME programme is implemented with the support of the European Fund for Strategic Investments, also known as the Juncker plan.
Bulgaria is moving toward a framework that would allow the state to take part in a possible acquisition of Lukoil’s Bulgarian operations
Chief Commissioner Alexander Dzhartov, head of Bulgaria’s Directorate General for Fire Safety and Population Protection, has warned of an extremely high fire risk across the country over the next seven days
Fitch Ratings has upgraded the long-term credit rating of the Bulgarian Development Bank (BDB) from 'BBB' to 'BBB+', assigning it a stable outlook
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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
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