The government increases the capital of the Bulgarian Development Bank

The government has decided to increase the capital of the Bulgarian Development Bank by 4 billion levs (over 2 billion euros). The money will be invested in new industrial zones, in the construction of new water supply networks, as well as in the defense sector.

The Bulgarian Development Bank is a 100% state-owned company. The state's rights in it are exercised by the Minister of Finance. "One of the main goals of the bank is to provide instruments for financing public investments and projects that are a priority for the country's economy," Minister of Finance Temenuzhka Petkova said and added that the money by which the bank's capital will be increased will not affect the budget deficit, BNR has reported.

Editor: Miglena Ivanova

Publication in English: Al. Markov

Photo: BTA