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  • Bulgarian development bank with a new product to support private farmers

    Bulgarian development bank will launch a new product for indirect financing to farmers. The on-lending program will be implemented through mutual agricultural credit cooperatives which will receive and distribute BDB’s lending. Currently there are 26 credit cooperatives in the country, financed mostly by international funds which they in turn provide to farmers.

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  • BDB and BACB signed the first agreement under COSME+ program to support small and medium businesses

    BDB and BACB signed the first agreement under COSME+ program to support small and medium businesses The COSME+ program is supported by the European Fund for Strategic Investments and offers indirect financing to SMEs combined with with guarantees and counter guarantees. The program’s target is to provide to SMEs easy access to financing throughout the different stages of their life cycle: creation, expansion or transfer of activity.

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  • The Bulgarian and Chinese development banks signed an EUR 300 million agreement

    The funding, available for finance of small and medium-sized companies among others, is part of an EUR 1.5 billion finance contract

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  • Stoyan Mavrodiev is a winner at the "Mr. and Mrs. Economics" competition 2018 in the category "Finance"

    Stoyan Mavrodiev is a winner at the "Mr. and Mrs. Economics" competition 2018 in the category "Finance" The chairman of the Board of Directors and Chief Executive Officer of the Bulgarian Development Bank, Stoyan Mavrodiev is the winner in the category “Finance and Insurance” at the Mr. and Mrs. Economics 2018 competition. The Business Oscars were granted at an official ceremony at the National Palace of Culture.

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  • BDB lends up to € 50,000 through JOBS MFI to support start-ups

    "Start-up companies will receive funding of up to € 50,000 from Microfinance Institution JOBS - part of BDB Group. We will support small enterprises that are not able to receive financing by the other banks." This was stated by JOBS MFI’s Executive Director Angel Djalazov at a forum with the participation of the National Association of Local Participation Groups in Bulgaria. New financial instruments offered by BDB’s subsidiary (JOBS MFI), were presented during the event.

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  • The Bulgarian Development Bank has established a Capital Investments Fund

    Bulgarian Development Bank registered a capital investment fund, in line with its mission to support the Bulgarian business and its strategy for 2017 – 2020. The Fund has an equity of BGN 65 million and will participate in the capitalization of SMEs and start-ups aiming to increase their business competitiveness, to provide capital for research and development, to increase the production capacity, to raise funds prior to accessing the regulated markets and to ease the absorption of EU funds.

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  • BDB’s Chief Executive Stoyan Mavrodiev met BSTDB’s new president Dmitry Pankin

    Stoyan Mavrodiev, Chairman of the Managing Board and CEO of the Bulgarian Development Bank, met the new President of the Black Sea Trade and Development Bank (BSTDB) Dmitry Pankin.

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