|
|
Bulgaria Govt Boosts Development Bank Capital as Anti-Crisis Measure
|
Bulgaria's cabinet voted Wednesday to increase the capital of the Bulgarian Development Bank by BGN 330 M as a measure to counter the effects of the global financial crisis on the real sector.
The government takes such a step for the second time in less than two month after it increased the capital of the Bulgarian Development Bank by BGN 100 M on November 4, 2008.
The Bulgarian Development Bank (BDB) is a top priority financial instrument of the government as it is creating various schemes to support entrepreneurship especially with respect to the export potential and competitiveness of the Bulgarian economy.
Wednesday's financial injection of the BDB will enable it to grant credits to commercial banks, which in turn would be able to provide loans to small and medium-sized enterprises with more favorable conditions.
The BDB finances its activity by emitting bonds, through EU funds, and though credits from local, and international financial institutions. It was set up in April 2008 as a successor to the former "Encouraging Bank" in order to help for Bulgaria's economic development.
The increases of the capital of the BDB are not limited by its statutes. The decision to increase its capital are made by the general assembly of its shareholders but the Bulgarian state always holds no fewer than 51% of its shares, which are non-transferable.
The BDB statutes stipulate that its shares could be obtained by the European Investment Bank, the Development Bank of the Council of Europe, the European Investment Fund, and development banks of other EU member states.
|
|
all news >>
|
 |
|
 |
Bulgarian Properties |
Cheap Properties in Bulgaria >>
|
 |
The perfect holiday gift - Bulgarian Property near Mineral Spring Water - More than 22 000 sq. feet of land RUS1592
Brief: Houses for sale near Veliko Tarnovo
Area: 90 sq.m.
Price: 11500 EUR
|
|
|
 |
The sweet escape My Bulgarian Property RUS7635 - DISCOUNTED PRICE
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 7700 EUR
|
|
|
 |
Feels like Heaven My Bulgarian Property - More than 35 000 sq. feet of regulated land RUS5034
Brief: Houses for sale near Ruse
Area: 90 sq.m.
Price: 9800 EUR
|
|
|
 |
A nice rural property near the Danube My Bulgarian Property RBP05
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 11000 EUR
|
|
|
 |
May be THIS is Your Chance - My Bulgarian Property RUS1583
Brief: Houses for sale near Ruse
Area: 90 sq.m.
Price: 19500 EUR
|
|
|
 |
House in a village called "THE PALCE OF GOD" - Land in Bulgaria - RUS1209
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 7900 EUR
|
|
|
 |
Only for SMART Investors! Bulgarian Property - RUS1542
Brief: Land for sale near Varna
Area: 98000 sq.m.
Price: 3822000 EUR
|
|
|
 |
Finish a DREAM Bulgarian Property - RUS1538
Brief: Houses for sale in Ruse
Area: 400 sq.m.
Price: 190000 EUR
|
|
|
 |
Bulgarian Property - Another astonishing offer near Srebarna preserved area - RUS1229
Brief: Houses for sale near Srebarna
Area: 80 sq.m.
Price: 26300 EUR
|
|
|
 |
Inhale the nature - Bulgarian Property - RUS1233
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 5900 EUR
|
|
|
 |
House on a beautiful hill near Ruse - Bulgaria Invest - RUS1222
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 25500 EUR
|
|
|
 |
Bulgarian Property - The hidden paradise RUS1509
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 9800 EUR
|
|
|
 |
Be creative RUS1520
Brief: Houses for sale near Ruse
Area: 60 sq.m.
Price: 26000 EUR
|
|
|
 |
Smart investment granted - RUS1407
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 16400 EUR
|
|
More Properties in Bulgaria >>
|
|
|
 |
|
|
|
| PROPERTY SERVICES |
|
|
|
|
|
| MORE SERVICES |
|
|
|
