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Bulgarian Development Bank’s New Leadership
A dubious loan stirred public uproar in April, leading to the quick dismissal of the bank’s management but the new team seems unlikely to fix the systemic problems at the state-owned lender
How the government bought a bank
The government has cleared the last hurdle on the path to the Eurozone’s waiting room by purchasing a 20% stake in the private lender for 140 million levs
Is State Capitalism Marching On?
Within a brief period, Bulgaria’s government has aggressively injected billions of levs into key sectors, and has effectively started nationalizing businesses
The Oligarchs' Coffer
The state-owned Bulgarian Development Bank has morphed from a small and medium-sized business aide to a lender of last resort for unstable and sometimes unsavory large companies
The strange new look of Bulgaria’s biggest business association
KRIB has become a quasi-state structure under the chairmanship of Kiril Domuschiev
When it walks like corruption, when it quacks like corruption
While the Bulgarian authorities appear to be cracking down on some allegedly corrupt officials and businessmen, oligarchic interests favored by those in power receive a significant economic boost
The Oligarchs’ Development Bank
The government is pressing ahead with turning Bulgarian Development Bank into a new milker for businesses politically well-connected
New managing body for Bulgarian Development Bank
The three new nominations are subjected to regulatory approval