site.btaCabinet Approves BGN 4 Bln Capital Increase for Bulgarian Development Bank

The Council of Ministers has approved an increase of BGN 4 billion in the capital of the Bulgarian Development Bank (BDB), Finance Minister Temenuzhka Petkova told reporters on Wednesday.

“The Cabinet’s decisions are in line with the updated 2025-2028 medium-term budget forecast, which supports the 2025 State Budget Act. BDB is a sole joint-stock company, with the State’s rights exercised by the Minister of Finance. The bank operates under the Credit Institutions Act as well as the special Bulgarian Development Bank Act. One of its main legal mandates is to provide financing instruments for public investments and projects that are a priority for the national economy,” Minister Petkova emphasized.

The Minister emphasized that the capital increase will not affect the budget deficit.